TENANTS IN PLACE for GREAT CASH FLOW! Cottage Near Casey Key

UNDERVALUED! THE LAST SALE IN "THE COTTAGES OF RIVENDELL" WAS $313,300 (April, 2010). THIS PROPERTY'S VALUE = $275,000 ON A BASIS OF PRICE-PER-SQ-FT.

PRE-RETIREES: Buy your retirement home now and enjoy income in the meantime! SELLER WILL DELIVER CURRENT LEASE AT NO EXTRA COST!  Great positive cash flow for the cash buyer, or minimally-negative cash flow with SELLER FINANCING (extremely competitive terms available). Excellent 7-year rental history. NOT A SHORT SALE, NO BANK DELAYS, FAST CLOSING.

2009 Taxes: $2,593; Insurance: $1,276 (NOT in a special flood hazard zone!); HOA Fees: only $196/mo (maintenance-free)!

This light, bright cottage has 2 bedroom suites + den/3rd bedroom in 1500 sq. ft. under air, plus the air conditioned 2-car garage with a new porcelain tile floor and 2 walls of built-in cabinets, creating a workshop/hobby/craft room. (Garage is not seen in front photo; it's rear-entry from the convenient lane behind the cottage). With a wonderful makeover in 2007, NEW features include: recessed lighting... crown molding in every room... built-in cabinets... wood and tile floors... 2 screened porches (front and side)... plantation shutters on all windows and sliders... brand new water heater, washer/dryer and central vacuum... 2 new top-of-the-line central AC/heat pump units, zoned for every room... freshly painted inside and out... the list of upgrades goes on! We have a preferred location only 100 yards from the community clubhouse and heated pool. Our enclave is nestled between nationally-acclaimed Pine View School (grades 2-12) and Oscar Scherer State Park. Rivendell is just 3 miles to world-famous Casey Key beach and 15 minutes to downtown Sarasota's nightlife and culture.