5 Plex Multifamily - Fully Leased- Price Reduction!

Multi-Family for Sale
Catylist Listing ID: 30809740
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 5 Units
Building Size (RSF): 2,131 SF
Gross Land Area: 12,000 SF
Sale Price: $799,000
Unit Price: $159,800 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 11/30/2022

Overview / Comments

Fully leased 5 plex centrally located in Bradenton. Property consists of one triplex and one duplex, all 1 bedroom, 1 bath units.
There are 5 electric meters and one water meter. All 5 apartments have window AC units.
Large fenced back yard for common use and onsite parking for residents.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 4478000005
Zoning: RMF
Percent Occupied: 100%
Property Located Between: Tamiami Trail and 9th St. West
Highway Access: Tamiami Trail (14th St.) US 301
Airports: Sarasota Bradenton Airport
Site Description: Two buildings, one duplex and one triplex with onsite parking. Large fenced yard behind apartments for common use.
Area Description: residential neighborhood
Total Number of Buildings: 2
Property Condition: Average
Number of Stories: 1
Year Built: 1948
Roof Type: Hip
Construction/Siding: Stucco
Parking Type: Other
Heat Source: Wall Units
Fuel: Electric
Air Conditioning: Window Unit
Zoning Description: Multifamily 3 to 9 units
Lot Frontage: 115
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,771 103,183 200,958
Median Age: 38.61 41.31 43.48
Households: 7,646 43,153 84,306

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