1465 FUNDY RD

VENICE, FL 34293
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2 bd, 2 ba | 1,307 sqft | Built in 1965

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List Price
$250,000

Initial Investment

$68,125

Purchase Price

$250,000

Down Payment

25%

Rent

$2,290

Total Return

$164,059

Annualized Return

29.8%

Cap Rate

7.5%

Gross Yield

11.0%

Cash Flow

$4,238

Appreciation

9.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

16,000

HOA

None

Flood Risk

High Risk - Zone AE

Opportunity abounds with this huge 4 lot parcel and 1965 mid-century modern classic home. Two buildable parcels in the heart of the desirable South Venice neighborhood, close to Shamrock Park and the Venice Yacht Club. .3 Beautiful and serene acres cleared, landscaped and fully fenced with large in-ground swimming pool on a quiet street with great neighbors.
Original home is in need of repairs (Roof replacement, HVAC and some electrical repair due to storm wind damage) and is structurally sound, with all systems (septic, well, water treatment, plumbing, pool and pool systems, irrigation, etc.) in working order and ready to go.
There are multiple possibilities with this excellent property:
Repair the original house and enjoy the large in-ground pool, patio and lanai with fruit orchard, mature landscaping and fully fenced private paradise and an excellent investment.
Build your dream home with tons of space for your boat and RV and take advantage of the existing swimming pool, utilities, hardscaping, landscaping and location.
Build your dream home AND repair the original house. Original house has excellent rental potential at $3000+ per month or could be perfect as a guest house or office space.
Or maybe you're a builder looking to maximize your investment by splitting the parcel, repairing the original house AND building a new on the second half of the property for resale or rental.
This is a great opportunity to live and invest in a well established, desirable neighborhood with no restrictions or HOAs and to grab a deal on a property and a price you just don't find in Venice anymore.
Property is being sold as-is. No trespassing or drop-bys, all showings must be scheduled.
Several funding options exist for renovating disaster-affected properties; Disaster Loans 203(h), FHA Renovation Loans 203(k), Conventional Renovation Loans.

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$26,106

Expenses

-$5,167

Property Taxes

-$3,110

Loan Payments

-$13,591

Net Cash Flow

$4,238

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Camilo Perez
Agent License 3467504
HOME SOLD REALTY LLC
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #TB8363692
Last Updated: 03/20/2025 17:03
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