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Water View Carriage Home

1241 RIVERSCAPE STREET Bradenton, FL 34208

1241 RIVERSCAPE STREET, Bradenton, FL, 34208
$500,000
For Sale
Claim this Listing
$500,000

First-floor carriage home with water views and amenity-rich community.

Property Size1,748 SF
Price / SF$286.04
AddedDec 24, 2024
Days on Market569
Last RefreshJul 16 at 8:19 am

Property Features for 1241 RIVERSCAPE STREET

General Information

Standard status
Active
Size
1,748 SF
Property subtype
Condo/Townhome

Building Details

Year Built
2014

Listing office LIST NOW REALTY, LLC

Listing date Dec 24, 2024

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of LIST NOW REALTY, LLC


Investment Insights

Based on property information with market context.

This first-floor carriage home offers water views in an amenity-filled community. The property features a kitchen with a large island with Cambria quartz counters that seats six, complemented by a custom-designed backsplash. The pantry is designed for maximum storage. A slide-in range with an induction cook top and convection cooking, air frying, and slow cooking capabilities was installed in December. The kitchen includes a French door refrigerator and wine fridge, with a second refrigerator in the garage that has water and ice capabilities. The primary bedroom is spacious and includes a king-sized platform bed. The primary bath features a Cambria quartz counter with double sinks and a large linen closet. The primary walk-in closet has custom built-ins. The second bedroom features double corner windows for natural light and is equipped with a queen-sized bed. The third room is open for possibilities such as an office, yoga room, music room, den or even another bedroom. The community provides access to a marina with available boat slips, a clubhouse with a pool along the Manatee River, two gyms, and two additional pools.

Key Highlights

  • Stunning water views and access to a marina with available boat slips.
  • Amenity‑rich community with a clubhouse, pool on the Manatee River, and two gyms.
  • Turnkey, first‑floor carriage home designed for entertaining.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $40.7k $23.28
− Vacancy −$2.2k −$1.28
EGI $38.5k $22.00
− OpEx −$17.3k −$9.90
NOI $21.2k $12.10
1,748 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$302.1K
$264.4K – $352.5K (±1% cap)
NOI $21,150 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.0K
$449.8K – $599.7K (±1% cap)
NOI $35,982 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Residential income properties

Suggested Use

Law Firm Auto Repair Shop Parking Lot & Garage Hair Salon Electrical Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Residential income property - First-floor carriage home with water views and amenity-rich community.
Where is this residential income property located?
The property is located at 1241 RIVERSCAPE STREET Bradenton, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Stunning water views and access to a marina with available boat slips.; Amenity‑rich community with a clubhouse, pool on the Manatee River, and two gyms.; Turnkey, first‑floor carriage home designed for entertaining.
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