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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,768 sqft
Price per Sqft $848
Subdivision Ilexhurst
MLS Listing ID O6280154
Sold Date 05/09/25
Bedrooms 5
Construction Status Completed
HOA Y/N No
Originating Board Stellar MLS
Year Built 1947
Annual Tax Amount $16,587
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Duplex
Property Description
Take advantage of this turnkey business that is on pace to gross 250k for 2024! Property also has an assumable mortgage that is at 2.625% interest rate, (700k balance, would have to use cash or a purchase heloc for the difference. This newly renovated property is one of the very few duplexes on the island, so the occupancy is at almost 100%. The property has had many upgrades since 2021 including new roof, gutters, new turf, new pool, new pool pump + heater, $50k TREX deck in 2021, tankless water heater, newly expanded driveway and rocks, new appliances, (upstairs mostly 2021, downstairs appliances 2024 including washer and dryer), flood resistant PVC walls/baseboard downstairs that can withstand a flood, 2021 electric meter and wiring, new golf cart, brand new furniture downstairs, 2021 furniture upstairs. Pollywood outdoor furniture with 30 year warranty included. The pictures of downstairs are outdated, downstairs looks much better now. property is licensed with the city and seller will property manage(optional) for 15% fee if buyer would like. airbnb link: Https://www.airbnb.com/h/entireduplexami . the total cost of dwelling, wind, and flood insurance is 12k. Utilites are low. Upstairs unit is a 2bed/1.5 ba, downstairs is a 3bed /2 full ba. Property is in flood zone but this property is higher than most of the neighbors, so property has only ever flooded 1 time and now how preventitive measures such as the PVC walls to protect if it ever did happen again.
Location
State FL
County Manatee
Community Ilexhurst
Area 34217 - Holmes Beach/Bradenton Beach
Zoning R2
Interior
Interior Features Ceiling Fans(s), Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Surface Counters
Heating Central
Cooling Central Air, Attic Fan
Furnishings Furnished
Fireplace false
Appliance Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range, Refrigerator, Washer
Laundry Laundry Closet
Exterior
Exterior Feature Rain Gutters, Storage
Pool Fiberglass, Heated, In Ground, Salt Water
Community Features Street Lights
Utilities Available Cable Connected, Sewer Available, Water Connected
Roof Type Membrane
Porch Enclosed, Front Porch
Garage false
Private Pool Yes
Building
Lot Description Flood Insurance Required, FloodZone
Foundation Block
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete,Stucco,Vinyl Siding
New Construction false
Construction Status Completed
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Assumable, Cash, Conventional, Private Financing Available
Listing Terms Assumable, Cash, Conventional, Private Financing Available
Special Listing Condition None
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Bought with DALTON WADE INC