Active
5518 25TH ST W
$3,500,000
Features:
Property Details
Remarks
20 Units-10 Duplexes in Bradenton This investment opportunity consists of a 20 unit / 10 duplex one story multifamily community located on a 2.12 +/- acre parcel in Bradenton, Fl. The RDD-6 zoned oversized lot is 300 feet by 308 feet deep and comprises 92,399 sf +/-. RDD-6 Residential Duplex District allows for medium density residential uses of single family and duplex development of 6 units per acre. All duplex apartments are two bedroom, one bathroom units. Each duplex building is 1,534 sf and each unit is 767 sf. The buildings are concrete block construction built in 1975. See attachment for Manatee County building permits issued on the property. This property offers immediate income with future remodeling or redevelopment potential. The property remains fully leased. Current NOI of the property is $ 234,146.00. See attachment for Income and expense spreadsheet. The property is located conveniently to shops, restaurants, offices and other amenities. The property is less than 2 miles to IMG, 1 mile to Detweilers, and a short drive to SR 70 and Tamiami Trail.
Financial Considerations
Price:
$3,500,000
HOA Fee:
N/A
Tax Amount:
$20269.37
Price per SqFt:
$228.16
Tax Legal Description:
BEG 45 FT S OF THE NE COR OF THE SE1/4 OF NE1/4 OF SEC 15, AND RUN TH W 2310 FT ALG THE S LN OF A GRADED RD FOR A POB, TH RUN S AND PARALLEL TO THE E LN OF SD SE1/4 OF THE NE1/4 A DISTANCE OF 300 FT, TH W A DISTANCE OF 311.65 FT, M/L, TO THE E LN OF 26TH STREET, TH RUN N 300 FT ALG THE E LN OF 26TH STREET, TH RUN E A DISTANCE OF 311.65 FT TO THE POB, LESS R/W
Exterior Features
Lot Size:
92399
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1969
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
- Address5518 25TH ST W
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