tomo logo

$519,999

Beds
6
Baths
2.0
sq ft
1,944

804 12th St E, Bradenton, FL 34208

804 12th St E

BRADENTON, FL 34208

  • 37 days on market
    • Price drop $10,000↓
This 6-bedroom, 2-bath duplex is an excellent turnkey investment property generating $4,200 ($1900 and $2300) in monthly rental income with an upside potential of another $400/month in raised rent. Both units are fully rented, with each unit offering 3 bedrooms and 1 bath. This makes it a highly desirable rental property, providing steady cash flow for the new owner. The property has been extensively updated in 2022, significantly reducing the buyer’s immediate capital expenditure (CapEx) needs. Major updates include a new roof, new luxury vinyl flooring throughout both units, and updated kitchens and bathrooms with modern finishes. The new AC units and new hot water heater provide additional peace of mind, ensuring that critical systems are up-to-date and functioning efficiently. These updates allow the new owner to benefit from lower maintenance costs and minimal immediate repairs, while also enhancing the property's overall appeal to tenants. Tenants are responsible for all utilities, including electricity, water, and gas, reducing the owner's monthly expenses and further enhancing the property's cash flow potential. With both units currently occupied by reliable tenants, the property is generating consistent rental income, making it a great investment for anyone looking to add a cash-flowing property to their portfolio. The duplex is ideally located near shopping centers, schools, parks, dining options, and major transportation routes, making it attractive to tenants and ensuring long-term rental demand. This is a ready-to-go investment with minimal maintenance required and strong rental income potential. Contact us today to schedule a viewing or to learn more about how this property can start earning for you right away.

Details

Property type

Single Family Residence

Est. home value

$290,047

Lot size

8,425 sq ft

Price per sq ft

$268

Year built

1981

Annual property taxes

$3,847.95

HOA

No

Price History

12/19/2024
StellarMLS

StellarMLS #A4629095

Price change
$519,999
-1.89%
11/15/2024
StellarMLS

StellarMLS #A4629095

Listed
$529,999

Schools & Community

Elementary school: 

Manatee Elementary School-MN

Middle school: 

Unknown

High school: 

Manatee High

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$132,522
Asking price
$519,999
Closing costs (~8% of asking)
-$41,600
Est. remaining loan balance
-$345,877
Cash to seller
$132,522

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Nexera Holding Llc

Loan start date

August 2022

Original loan amount

$357,500

Est. remaining balance

$345,877

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Bernards Investment Group Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 6:25 AM

Listing updated: 12/18/2024 at 7:45 PM

Listed by: Jonathan Pergerson, FLOTACAL Phone #: (941) 888-0043

MLS: StellarMLS #A4629095

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Recently listed in BRADENTON