$695,000
For Sale

716 GROVELAND AVENUE

Venice, FL 34285
2951 sqft | 5 beds | 6 baths | 0.34 acres | #N6135798
Browse 45 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Incredible Investment Opportunity, Over $60,000 In Rental Income In 2024. This unique property consists of a beautiful, Turnkey furnished main house and a 795 square foot guest house that is used for additional income. Over $70,000 in improvements have been made since 2022. The main house has 3 bedrooms, 4 bathrooms, a heated pool and spa, has been repiped in 2022, brand new hot water heater, a custom remodeled master bathroom, and freshly painted interior and wood beam rewraps. Currently being used as a seasonal rental with over a 70 percent occupancy rate. The guest house has a brand new roof, brand new A/C system, and 2 full bedrooms and bathrooms. just installed this year. Currently rented with a yearly lease with a $1,600 monthly rate, the lease does have a 60 day cancellation policy if the new owner doesn’t want to keep the tenant. Situated on an oversized lot, over a third of an acre, fully fenced in and located just minutes to Venice Island. The location cannot be more perfect. No HOA, No CDD. Rental history and income information is available upon request. Property is rented for the 2025 season and leases must be honored, great rental income right from the start. Call today for any additional information or to schedule your private showing.

  • Property Details
      • InteriorCeiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counter
      • Utility FeaturesCable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
      • Lot DescriptionCity Limits, Oversized Lot
      • Exterior MaterialsDog Run, Sidewalk, Storage
      • Middle SchoolStudent Leadership Academy
      • Property SubtypeSingle Family Residence
      • SubdivisionVENICE EDGEWOOD SEC OF
      • High SchoolVenice Senior High
      • Elementary SchoolGarden Elementary
      • Sewer InformationPublic Sewer
      • FoundationCrawlspace
      • Property TypePurchase
      • CountySarasota
      • Original List Price$695,000
      • MLS #N6135798
      • MLS #N6135798
      • Utility SourcePublic
      • Taxes Annual$7,713
      • Cost695000
      • Acres0.34
      • Square Feet2951
      • Year Built1925
      • Pets AllowedYes
      • Days on Market (Cumulative)14
      • Bedrooms5
      • Bathrooms6
      • Full Baths6
      • Stories1

Location

International Realty PlusReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00