2424 Bay Dr
- - 4,260 SF building with 400 ft of coastline
- - Two fully renovated and completed units
- - Potential Gross Income of $1.5M and Net Income of $1.2M
- - Zoned PD-R and sold with entitlements in place
- - Plans for pool and six additional units
- - Five dock slips in place
- - Significant price reduction
- - Seller Finanincing available
Property Description
SIGNIFICANT PRICE REDUCTION: Introducing an extraordinary investment opportunity in the heart of the highly sought-after Bradenton-Sarasota-North Port area. This remarkable 4,260 SF property, consisting of two fully renovated units, offers exceptional income potential with a projected $1.5M in Gross Income and $1.2M in Net Income. Boasting 400 feet of pristine coastline and five dock slips in place, this waterfront gem is a rare find. Sold with entitlements and in place, plus plans for a pool and six additional units, this property is primed for expansion and increased revenue generation, making it an enticing prospect for the savvy Multifamily and Single Family Rental Portfolio investor. Seller financing available.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| No. of Units: | 2 |
| Average Occupancy: | 3.34 |
| Year Built: | 1998 |
| Lot Size: | 1.39 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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