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 |
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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