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Hotel-Motel

Paradise Bay

4406 102nd St W, Bradenton, FL 34210

Listing Price: Request For Offer

Number of Rooms
14
RevPAR
$1
Gross SF
7,390
Year Built
1958

Investment Overview

Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire Paradise Bay in Bradenton, FL. Paradise Bay is a well-maintained 14-unit property constructed in 1958, and has a unit mix consisting of eight (8) efficiency’s, five (5) one-bedroom units, and one (1) two-bedroom unit. This property is located off Cortez Rd West, a major thoroughfare that connects Paradise Bay to Bradenton Beach and Anna Maria Island, both of which are less than 10 minutes from the property. Furthermore, the property is positioned to cater to both beach service workers and downtown Bradenton business professionals due to it being within a less than 20-minute radius of over 15,000 jobs both on the island and in the heart of downtown/south Bradenton. Paradise Bay offers an investor the opportunity to acquire a well-located asset in an expanding market where the value is created through increasing the current rents and following the business plan highlighted in the offering memorandum. Upon completion of this business plan, an investor will allow themselves the potential to achieve an NOI of 53% and achieve cash-on-cash returns north of 10%.

Investment Highlights

  • Potential to Increase Net Operating Income by 53% After Completing Interior and Exterior Renovation Plan
  • Potential to Achieve Cash-On-Cash Returns North of 10% After Stabilization
  • Property is Centrally Located to Many of the Major Employers in the Sarasota/Bradenton Area (Blake Medical Hospital, IMG Academy, Tropicana Juice Plant, Beall's Inc.)

Exclusively Listed By

Hotel-Motel

Paradise Bay

Listing Price: Request For Offer

Number of Rooms
14
RevPAR
$1
Gross SF
7,390
Year Built
1958

Investment Highlights

  • Potential to Increase Net Operating Income by 53% After Completing Interior and Exterior Renovation Plan
  • Potential to Achieve Cash-On-Cash Returns North of 10% After Stabilization
  • Property is Centrally Located to Many of the Major Employers in the Sarasota/Bradenton Area (Blake Medical Hospital, IMG Academy, Tropicana Juice Plant, Beall's Inc.)

Investment Overview

Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire Paradise Bay in Bradenton, FL. Paradise Bay is a well-maintained 14-unit property constructed in 1958, and has a unit mix consisting of eight (8) efficiency’s, five (5) one-bedroom units, and one (1) two-bedroom unit. This property is located off Cortez Rd West, a major thoroughfare that connects Paradise Bay to Bradenton Beach and Anna Maria Island, both of which are less than 10 minutes from the property. Furthermore, the property is positioned to cater to both beach service workers and downtown Bradenton business professionals due to it being within a less than 20-minute radius of over 15,000 jobs both on the island and in the heart of downtown/south Bradenton. Paradise Bay offers an investor the opportunity to acquire a well-located asset in an expanding market where the value is created through increasing the current rents and following the business plan highlighted in the offering memorandum. Upon completion of this business plan, an investor will allow themselves the potential to achieve an NOI of 53% and achieve cash-on-cash returns north of 10%.

Exclusively Listed By

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