18 Unit Bradenton Multi-Family Investment

Multi-Family for Sale
Catylist Listing ID: 30011566
Property Subtypes: Low-Rise/Garden, Other
Number of Units: 18 Units
Building Size (RSF): 6,565 SF
Gross Building Area: See Agent
Sale Price: $935,000
Unit Price: $51,944.44 Per Unit
Property Use Type: Investment
Building Name: McKechnie Apartments
Sale Terms: Cash to Seller
Cap Rate: 9.19%
Average Occupancy Rate: 95
Last Updated: 8/20/2017

Overview / Comments

Ian Black Real Estate has been retained as the exclusive agent for the sale of an enclave of multi-family buildings, located at 1813 & 1821 17th St W and 1112 19th Ave W in Bradenton, FL 34205 with the following key points:

* Unit mix includes: (5) 2 BR/1BA units
(12) 1 BR/1BA units
(1) Studio unit
The McKechnie Apartments consists of 18 units in 5 buildings on 3 contiguous parcels of land
Parking is available for tenants onsite
All buildings feature semi-private entrances, window A/C units, and hard surface flooring throughout majority of units
Located 3 blocks from the Village of the Arts and 5 blocks from McKechnie Field, home of the Pittsburgh Pirates spring training
Area retailers include Motorwerks Brewing, Darwin' s Brewing, Maintenance Too Paper Janitorial, among others
Total Square Feet: 6,565 RSF +/-
Total Land: 1.0423 Acres
Sales Price: $935,000
Cap Rate: 9.18%
18 Unit, 5 building enclave now offered for sale
100% occupied with good rental history
Property has mix of Studio, 1BR/1BA and 2BR/1BA Units
Close proximity to Village of the Arts and McKechnie Field
Accessible to major thoroughfares and employers

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 4467300002
Percent Occupied: 100%
Total Number of Buildings: 5
Property Condition: Average
Number of Stories: 2
Year Built: 1952

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,565 104,349 197,099
Median Age: 38.37 40.73 43.45
Households: 7,887 43,049 82,693


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