1533 1ST AVENUE Drive W

Description

Welcome to this charming Point Pleasant property, offering a multitude of possibilities as your downtown residence or a lucrative investment opportunity. Originally built in 1930 by New England shipbuilders, this charismatic craftsman bungalow has been thoughtfully transformed into a separately metered, properly zoned duplex investment property. The property consists of a 1-bedroom, 1-bath unit on one side and a 2-bedroom, 1-bath unit on the other. Recent renovations include new master bath, fresh interior and exterior paint, doors and windows, updated backsplash and countertops, upgraded water heaters and purifiers, improved insulation, and duct work among others. The original hard pine floors have been lovingly refinished, adding to the home's timeless character. The larger unit, fully furnished and currently listed on AirBnB with a coveted "superhost" designation, features a spacious master suite with a walk-in cedar-lined closet, a beautiful living area, a cozy dining room, and a classical galley kitchen. The smaller 1-studio bedroom unit, ideal for downtown professionals, is currently on a month-to-month lease. However, the property could easily be combined into a large single-family residence if desired. The duplex grossed $57,657 in revenue last year, and $29,960 through June this year. Step outside into the backyard oasis, a true urban retreat complete with a large composite deck, charming string lights, and an outside utility shed for additional storage. Whether you choose to make this your downtown personal residence or continue its successful short-term rentals, the options are endless. Situated just steps away from the Bradenton Riverwalk and old Main Street, you'll be immersed in a vibrant downtown lifestyle. Enjoy the abundance of outdoor amenities such as parks, a skatepark, outdoor and rooftop dining, an amphitheater, and much more. Point Pleasant, occupying a small peninsula on the south banks of the Manatee River, is an old and charming neighborhood known for its coveted riverfront location and beautiful vintage single-family homes. Architectural styles within Point Pleasant range from American Vernacular to Colonial, Cottage, Spanish, and even examples of the Sarasota School of Architecture. The neighborhood holds a rich legacy and has been home to influential residents who have made a lasting impact on the areas history. Schedule a showing today to experience the timeless beauty, immediate cashflow potential, endless possibilities, and a connection to a neighborhood that has shaped the lives of legendary figures. Don't miss out on this opportunity to own a piece of Point Pleasant's history.