Catylist ID:
#30813238
Fully Leased 7 Cap Investment Mixed Use Site!
Multi-Family
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: | 30813238 |
| Property Subtypes: | Low-Rise/Garden |
| Number of Units: | 8 Units |
| Building Size (RSF): | 5,568 SF |
| Gross Land Area: | 0.20 Acres |
| Sale Price: | $2,350,000 |
| Unit Price: | $293,750 Per Unit |
| Property Use Type: | Investment |
| Building Name: | Fully Leased 7 Cap Investment Mixed Use Site! |
| Usable Size (USF): | 6,008 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 7.07% |
| Average Occupancy Rate: | 100 |
| Last Updated: | 5/21/2023 |
Overview / Comments
|
Fully leased Mixed Use Investment property! This attractive asset features a 2 story layout with 4 professional storage / storefronts on the bottom floor, Three apartments on the upper floor & an additional studio apartment. Completely renovated to code and redone inside and out in 2020, this site is pristine. And sure to remain at full occupancy for years to come due to high demand and low availability. A site layout proves that it is low maintenance and high yield. - Mixed Use design for tenant diversification - Fully renovated in 2020 - 100% occupancy - On Site management - 2 of 4 apartments are furnished - 10 minute drive to the beaches! |
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Manatee |
| Taxing Authority: | Manatee County |
| Tax ID/APN: | 5131700006 |
| Zoning: | GENERAL COMMERCIAL |
| Percent Occupied: | 100% |
| Community Amenities: | On-Site Maintenance |
| Highway Access: | I-75 |
| Airports: | Bradenton-Sarasota, St. Pete-Clearwater, Tampa International |
| Area Description: | Located in North Manatee County, One block north of Cortez Road and One block west of 59th St. W. |
| Total Number of Buildings: | 1 |
| Property Condition: | Excellent |
| Number of Stories: | 2 |
| Year Built: | 1978 |
| Year Renovated: | 2020 |
| Roof Type: | Gable |
| Construction/Siding: | Stucco |
| Exterior Description: | Masonry & Stucco Finish |
| Parking Type: | Surface |
| Parking Description: | Surface lot with 8 marked spaces |
| Total Parking Spaces: | 8 |
| Laundry: | In Each Unit |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Internet Access: | Cable |
| Interior Description: | 2 of 4 apartments are furnished |
| Zoning Description: | Manatee County - General Commercial |
| Lot Frontage: | 80 |
| Lot Depth: | 107 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | Hooray Inc |
| Legal Description: | LOTS 15,16 BLK 2 CORTEZ GARDENS FIRST SEC PI#51317.0000/6 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 14,262 | 82,944 | 157,984 |
| Median Age: | 48.93 | 47.22 | 45.29 |
| Households: | 6,921 | 38,412 | 68,643 |
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