This charming 3-bedroom, 2-bathroom home in Bayshore Gardens is the perfect blend of comfort and convenience. With a carport, new gutters (2025), A/C replaced in 2019, water heater in 2020, and a fully equipped kitchen, this home has everything you need and more.
Ideally situated close to IMG, USF, New College of Florida, Ringling College, & only 9 miles to Bradenton Beach, this home makes a great investment property.
The kitchen features a gas range and oven, microwave, newer refrigerator and dishwasher, tile backsplash, under-counter lighting, and a large laundry area with washer and dryer, utility sink, and ample storage and countertop space. There's also a spacious, enclosed Florida sunroom with window-A/C that's been converted into a 4th bedroom. This space could be used for a 2nd living area with lots of natural light or even updated with a built-in closet and potentially have ductwork ran to it for central A/C.
Both bathrooms have been updated with newer vanities and fixtures, and the large fenced backyard with storage shed provides plenty of space for outdoor activities.
As a resident of Bayshore Gardens, you'll have access to a clubhouse, swimming pool, community boat ramp, marina (with a half off discount on marina slip for residents), baseball and softball fields, picnic area, and playground.
The home has been used as an investment property since 2009 when the current owners bought it and it was also an investment property pre-2009 with the former owners. This home has potential for increased income & cash flow by raising the rent to market levels once the current lease expires in February. The current average monthly rent for a 3-bedroom, 2-bathroom, 1100+sqft home in Bayshore Gardens, can range from $2, 300 to $5, 900, depending on the size, updates and location of the property. Acquiring a property with below-market rent presents a "value-add" opportunity for investors who can increase the property's value by raising rents to current market rent and/or potentially updating the property to increase the value and rent.
Don't miss out on this opportunity to own a beautiful home in a vibrant community. Schedule your showing today!
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $239,600 | $239,600 | $239,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.295% | 7.408% | 6.623% |
Monthly Tax Payment | $275 | $275 | $275 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,614 | $1,634 | $2,071 |
Total Monthly Payment | $1,964 | $1,984 | $2,421 |
* 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.