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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1969
Sq.Footage
15,340
20 Units-10 Duplexes in Bradenton This investment opportunity consists of a 20 unit / 10 duplex one story multifamily community located on a 2.12 +/- acre parcel in Bradenton, Fl. The RDD-6 zoned oversized lot is 300 feet by 308 feet deep and comprises 92,399 sf +/-. RDD-6 Residential Duplex District allows for medium density residential uses of single family and duplex development of 6 units per acre. All duplex apartments are two bedroom, one bathroom units. Each duplex building is 1,534 sf and each unit is 767 sf. The buildings are concrete block construction built in 1975. See attachment for Manatee County building permits issued on the property. This property offers immediate income with future remodeling or redevelopment potential. The property remains fully leased. Current NOI of the property is $ 234,146.00. See attachment for Income and expense spreadsheet. The property is located conveniently to shops, restaurants, offices and other amenities. The property is less than 2 miles to IMG, 1 mile to Detweilers, and a short drive to SR 70 and Tamiami Trail.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
2.12
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Block
Financial
-
Sales Price
$3,500,000
-
Tax Amount
20269.37
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Location
County
Manatee
Elementary School
Middle School
High School
Listing Courtesy of Michael Gallatin , SARABAY REAL ESTATE INC
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