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For sale 16 days ago

$342,500

4 bd 2 ba 1508 sqft

4462 - 4464 17th St W, Bradenton, FL 34207

Residential Duplex Occupied Off MLS

Current Rent **

$1,700

Projected Rent **

$3,300

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent:
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 754 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $1,700
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 754 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

House Hacking Opportunity

Stop paying rent. Start collecting it.

Reduce your housing costs, build equity, and gaining real estate investment experience, but don't hesitate too long. House hacking opportunities typically don't last long on the market!

If you'll be the owner-occupant, you may qualify for owner-occupant loans like an FHA loan, which can require as little as 3.5% to 5% down. Your tenants help pay your mortgage while building your equity

Still better, if you're a Veteran, you can use your VA loan benefit for house hacking as long as you occupy the property as your primary residence, and could even score a zero down payment option - with no PMI requirement.

First time home buyers can take advantage of Florida grants, tax credits, and down payment assistance for those wanting to the first step toward financial independence. For more information, see the Florida Housing Finance Corporation (FHFC) web site.

Whatever program you choose to begin your investment career, tax benefits offer yet another tool to grow your net worth, as depreciation and expense deductions on the rental portion of your property reduce your federal income taxes. Be sure to consult a tax professional as you begin acquiring properties though!

You can start your career as a real estate investor while enjoying near proximity to:
• Downtown: walkable shops and a vibrant downtown arts district for both you and for potential tenants.
• Stroll around the area to take advantage of excellent dining and entertainment venues
• Professional sports and cultural attractions may be you... Enjoy!
• Beaches: Easy access to Anna Maria Island and other beaches can be a great selling point for both you and for any potential tenant.
• Major employers: Market to nurses, students, or young professionals by highlighting nearby hospitals, schools, and downtown offices.

The duplex offers 2 side by side units, each with 2BR and 1BA in 750 sq ft. Each unit has separately metered power and water, and each has its own central A/C, heat, and hot water.

4464 17th St W is presently vacant, and is available unfurnished or partially furnished. It has been nicely updated and freshly painted. The kitchen has a refrigerator and stove, as well as solid wooden cabinetry, custom tile counter and backsplash, together with a dining nook. Laundry hook ups are available in the screened in back porch. Parking is available for 2 vehicles.

4462 17th St W is similarly outfit with appliances, and is presently occupied. Please do not disturb the tenants.

There is no Homeowner's Association for the property; it goes without saying that there are no Homeowner's Association fees :)

Location:

4462 - 4464 17th St W, Bradenton, FL 34207

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.