45th St.W Multi Family Dwelling

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30284371
Property Subtypes: Duplex/Fourplex
Status: Pending
Building Status: Proposed
Number of Units: 6 Units
Building Size (RSF): 3,452 SF
Gross Building Area: 6,050 SF
Gross Land Area: 0.54 Acres
Sale Price: $449,000
Unit Price: $74,833.33 Per Unit
Property Use Type: Investment
Building Name: 45th St. W Multi Family Dwelling
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 8.78%
Last Updated: 8/7/2018

Overview / Comments

Excellent investor opportunity to own six units on over a half acre of land in a great location. Located in South Bradenton, the property has convenient access off of Cortez Rd and is only 7 miles from Bradenton Beach. The 45th St. W Multi Family Dwelling is comprised of the three buildings and six total units built in 1971. The unit mix consists of two 2/1, three 1/1 and one large studio on over half acre lot. Owners have done a wonderful job of staying up capital improvements and other maintenance items. Roofs replaced in 2010, 2011 and 2014. Hot water heaters replaced in 2012. A/C units updated in 2011, 2012 and 2015 are both central and widow units. Municipal water and sewer for utilities. Long term happy tenants in place. Excellent Cap Rate!

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 5219200002
Percent Occupied: 100%
Total Number of Buildings: 3
Property Condition: Good
Year Built: 1971
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,045 115,946 180,930
Median Age: 42.64 43.91 44.19
Households: 8,366 50,649 76,791


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