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Under contract-accepting backup offers. Exceptional turnkey investment opportunity with a proven track record as a successful AIRBNB, PAD SPLIT, and co-living property generating over $85, 000 net income annually over the past several years. Zoned Mixed Use / PR-S, this versatile property offers endless possibilities for investors seeking immediate cash flow with a fully operational setup ready from day one.
Completely renovated from top to bottom, the property features a new roof, updated windows, newer AC system, fresh interior and exterior paint, and luxury ceramic tile flooring throughout, creating a clean, modern, and durable living environment designed for low maintenance and long-term appeal. Every detail has been thoughtfully planned to maximize functionality and comfort for both short-term and long-term occupants.
The interior offers a spacious shared living room and communal kitchen concept ideal for co-living arrangements. Kitchen cabinetry is individually labeled to provide each resident with designated storage space, adding organization and convenience rarely found in similar properties. Each room comes fully furnished with beds, mini refrigerators, TVs, and essential furnishings, making the transition effortless for a new owner or operator. Electronic door access and security cameras at every entry point.
Outside, the property continues to impress with ample onsite parking and a completely fenced private backyard designed for easy upkeep with virtually no lawn maintenance required. The owners have created a true turnkey operation by including furniture, household essentials, and much of the infrastructure already in place, allowing the next owner to immediately continue operations without interruption.
Located in an incredibly desirable and centrally positioned area near State College of Florida and IMG Academy, the property is also within approximately 10 miles of Bradenton Beach, Anna Maria Island, downtown Sarasota, and downtown Bradenton. This prime location consistently attracts vacationers, traveling professionals, College students and teachers, seasonal residents, long-term tenants alike,
work force housing, corporate retreats or an event destination
Whether you are looking to expand your investment portfolio, operate a short-term rental business, or continue the successful co-living model already established, this unique property offers immediate income potential, strong location appeal, and a truly move-in-ready investment opportunity.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$699,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $559,200 | $559,200 | $559,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $456 | $456 | $456 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,443 | $3,531 | $4,644 |
| Total Monthly Payment | $3,991 | $4,079 | $5,192 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.