Multifamily
Bradenton Villas
1116 59th Ave Cir E, Bradenton, FL 34203
Listing Price: $3,550,000
Cap Rate
5.90%
Number of Units
18
Price/Unit
$197,222
Price/Gross SF
$208.70
Gross SF
17,010
Investment Overview
18-unit multifamily asset located between Tampa and Sarasota in Bradenton, FL
Bradenton Villas
Investment Highlights
- 18-unit multifamily asset located between Tampa and Sarasota in Bradenton, FL
- Unique location, with nine contiguous, individually-parceled duplexes comprising an entire cul-de-sac
- Highly desirable unit mix with 100% Three-Bedroom / Two-Bath Units
- Turnkey asset with majority of units recently upgraded
- Upgrades include all new wood-look tile plank flooring, shaker-style cabinetry, stainless steel appliances with built-in microwaves, quartz countertops with undermount sinks, bathroom vanities and fixtures
- Upside achievable via three remaining unit interior renovations, and elimination of loss to lease which may realize 24.9% increase in EGI by end of Year Two
- Concrete Block Construction with all roofs replaced in 2020
- Units include wash/dryer appliances
Exclusively Listed By
Listing Price: $3,550,000
Cap Rate
5.90%
Number of Units
18
Price/Unit
$197,222
Price/Gross SF
$208.70
Gross SF
17,010
Investment Highlights
- 18-unit multifamily asset located between Tampa and Sarasota in Bradenton, FL
- Unique location, with nine contiguous, individually-parceled duplexes comprising an entire cul-de-sac
- Highly desirable unit mix with 100% Three-Bedroom / Two-Bath Units
- Turnkey asset with majority of units recently upgraded
- Upgrades include all new wood-look tile plank flooring, shaker-style cabinetry, stainless steel appliances with built-in microwaves, quartz countertops with undermount sinks, bathroom vanities and fixtures
- Upside achievable via three remaining unit interior renovations, and elimination of loss to lease which may realize 24.9% increase in EGI by end of Year Two
- Concrete Block Construction with all roofs replaced in 2020
- Units include wash/dryer appliances
Investment Overview
18-unit multifamily asset located between Tampa and Sarasota in Bradenton, FL
Exclusively Listed By
