Incredible NW Bradenton 6-Plex!

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30702781
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 6 Units
Building Size (RSF): 4,996 SF
Gross Building Area: 4,966 SF
Gross Land Area: 0.26 SF
Sale Price: $595,000
Unit Price: $99,166.67 Per Unit
Property Use Type: Investment
Building Name: Sand Dollar Appartments
Usable Size (USF): 4,368 SF
Sale Terms: Cash to Seller
Cap Rate: 7.65%
Average Occupancy Rate: 100
Last Updated: 3/1/2021

Overview / Comments

Located near the picturesque Manatee River sits the Sandollar Apartment Home Site. This quaint craftsman style building consists of 6 units. Featuring Two 1 Bed/1 Bath and Four 2 bed/1 Bath units, the site is always fully rented due to it's highly desirable location in the Historic Riverview neighborhood. A secure and dependable asset for anyone looking for a stable cap rate of return on a well-maintained rental building!

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $7,475 (Annual)
Tax Value Land $45,000
Tax Value Improvements $390,187
Assessed Value - Total($) $435,187 (Annual)
Gross Operating Income $63,600 (Annual)
Net Operating Income $45,520 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 3595600002
Zoning: RSF-6
Percent Occupied: 100%
Property Located Between: 3rd Ave NW & 45th St NW
Highway Access: US-41
Airports: Sarasota-Bradenton Internationa, Tampa International
Area Description: Located in Northwest Bradenton near 43rd Street in the Riverview Blvd. nieghborhood area
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1926
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Craftsman Cottage Style with Vinyl Siding
Parking Type: Structure
Parking Description: Surface Parking Lot out front with loop driveway
Total Parking Spaces: 9
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Engineered System
Internet Access: DSL
Interior Description: - Three One Bed/One bath units - Three Two Bed/One bath units
Zoning Description: RSF-6
Lot Frontage: 100
Lot Depth: 115
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: SABELMARIE LLC
Legal Description: LOTS 5,6,7,8 BLK B G A STEVENS SUB PI#35956.0000/2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,351 84,303 163,195
Median Age: 45.44 45.36 43.56
Households: 3,811 36,046 68,686

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