Incredible investment opportunity. Current owner realized $93,000 in annual gross rental income (Oct 2018 - Sept 2019). This equates to nearly 12% gross CAP RATE! Net rate is over 7.5% after all expenses (rental commission, property taxes, property insurance, utilities, etc). Very well maintained Southern Exposure 2 story, 4 bedroom + den, 2 1/2 bath home is located in the most desirable 500 block. Beautiful real cherry wood flooring, gorgeous upgraded cabinetry, 10ft ceilings and granite countertops are just a few of the homes wonderful features. Open the sliders off the spacious great room and 1st floor master bedroom to let in the fresh air and enjoy the large screened lanai boasting a large heated pool and spa! Fun rope lighting sets the ambiance for you and your guests that may not want to ever leave! Property is being offered turnkey furnished with many new updates. Unparalleled location just around the corner from top rated Vanderbilt Beach and State Park. Endless dining and shopping options are extremely close (Mercato, Pavillon, etc). Many rental bookings already confirmed; view this unique opportunity today and take advantage of cash flow on your perfect SW FL property.
Information last updated on Thursday, February 6th, 2020 at 09:16 AM
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