Multifamily
Royal Palm Apartments
1912 7th Ave W, Bradenton, FL 34205
Listing Price: $3,750,000
Cap Rate
6.25%
GRM
9.03
Investment Overview
A 28-unit apartment community located in Bradenton, Florida
Royal Palm Apartments
Investment Highlights
- A 28-unit apartment community located in Bradenton, Florida
- Significant potential for growth, with a clear pathway to a 7.48% cap rate by the second year
- Property features an interior corridor design
- Renovated units include updated appliances, new cabinets, modern light fixtures, countertops, and sinks
- Over $100,000 invested in recent capital improvements, including new plumbing and all-new mini-split air conditioning systems, as well as upgraded kitchens
- Situated just 1 mile from downtown Bradenton
- 1.4 miles from Manatee Memorial Hospital
- Average household income within a five-mile radius is $69,988
Exclusively Listed By
Financing By
Investment Highlights
- A 28-unit apartment community located in Bradenton, Florida
- Significant potential for growth, with a clear pathway to a 7.48% cap rate by the second year
- Property features an interior corridor design
- Renovated units include updated appliances, new cabinets, modern light fixtures, countertops, and sinks
- Over $100,000 invested in recent capital improvements, including new plumbing and all-new mini-split air conditioning systems, as well as upgraded kitchens
- Situated just 1 mile from downtown Bradenton
- 1.4 miles from Manatee Memorial Hospital
- Average household income within a five-mile radius is $69,988
Investment Overview
A 28-unit apartment community located in Bradenton, Florida
Exclusively Listed By
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
