15th St. W., Bradenton, FL 34205

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Here is the 2nd cheapest property in the entire city. This house is a 2/1 with 936 sf.  If you look at my comps, this style home is very common and still selling at 160/sf rehabbed.  The home currently has tenants paying $875/mo.  They have been in the home for 8 years and will stay or go.

The owner says they have never had an issue with the tenant paying rent on time.  The roof is not leaking but it does have 16 years on it.  Electric has not been updated in a while and the plumbing in the kitchen was upgraded 8 years ago.  The kitchen and baths were updated 8 years ago, but for a flip, you will want to put in new everything.

Fairview

Assignable

Current Rent: $875

Est. Rehab: $10,000 (Rent) – $20,000 (Flip)

Est. ARV: $130,000

Recent Area Sales / Activity:

• 1707 14th Ave W – 2/1, 818 SF – Pending at $121k
• 2102 10th St W – 2/1, 1248 SF – Pending at $139.9k
• 1102 17th St W – 2/1, 775 SF – Sold 6/29/18 for $128k ($165.16 PSF)
• 1911 12th St W – 2/1, 806 SF – Sold 4/9/18 for $133k ($165.01 PSF)