8504 71St Avenue Dr E Bradenton FL 34202 MLS A4462200
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8504 71St Avenue Dr E
Home Description: 8504 71St Avenue Dr E
Live in your own gated mini-compound that pays for itself! With 3 buildings on this secluded river property, there is nothing else like it. Live in the main house and have the TWO INCOME PRODUCING units pay ALL your expenses or rent all 3 units and make an even greater return. Make this your home and enjoy mornings in the screened porch hanging over the Braden River with unspoiled views. Have friends sit by the natural stone fireplace as it warms the lodge-like living room while you prepare a gourmet meal in the open concept chef’s kitchen. Retire to the ground floor master-suite, made of original log and chink walls with a fireplace, lg walk-in closet, and spa-like bath incl. a claw foot bathtub. Stroll through the tropical grounds shaded by towering oaks or hop in your boat or kayak for a tour of the Braden River to Ward Lake. The income units include a renovated artist studio featuring private bath with shower and kitchen. The smaller comfy cottage also includes a full kitchen and bath facilities. These units have several years of proven/verified revenue, exceeding $32,000 in 2019, primarily from the Jan thru Apr. Extending your rental season provides higher income. The main home (significantly expanded in 2001), if rented, could provide $34,500-$37,500 in add'l revenue. Revenues could realistically exceed $72,000 annually. This property comes nearly turnkey fully furnished, and is adjacent to historic Linger Lodge, which would provide a good source of short-term renters.
The average asking price of a 3 bedroom Bradenton home in this zip code is
$717,398 (1.0% less than this home).
This home is priced at $236/sqft,
which is 7.9% less than similar homes
in the 34202 zip code.
Similar to: 8504 71St Avenue Dr E
For Sale Near: 8504 71St Avenue Dr E