Active

$548,500

Features:
  • 5 Bedrooms
  • 4 Bathrooms
  • 2580 sq ft
Overview
  • ID: MFRA4623766
  • Bedrooms: 5
  • Bathrooms: 4
  • Size: 2580 sq ft
Property Details
Remarks
Investor alert!! Seller is open to AN INTEREST RATE BUY DOWN scenario. Well maintained 100 year old property totally Tenant occupied! This would be a wonderful addition to any serious investor's portfolio. Nestled in the heart of Bradenton, this unique fourplex at 612 26th St W offers a promising combination of location, versatility, and income potential. This project has a strong rental history and high demand, making it a fantastic opportunity for both seasoned investors and first-time buyers looking to generate rental income. This charming 1920's property boasts unique units with modern amenities, perfect for small families or professionals seeking a serene living space. Sellers have added a community laundry room for tenants. So much potential for UPGRADES for further upside include updating units, garages to be restored, new windows, HVAC instead of wall units in the back for added value and increased potential for rents. Sellers completed a full exterior repaint of the complex in October of 2024. The unit composition is two 1 bedroom 1 bath units located upstairs and one 2 bedroom 1 bath and one 1 bedroom 1 bath downstairs. Sufficient onsite /off-street parking available for tenants. Gross rent is appx $65K annually. Seller intends to use in a 1031 exchange. This property was unaffected in the last 3 hurricanes flood disclosure in MLS. Stellar location where residents will enjoy the proximity to Downtown Bradenton, just a 6-minute drive away, where local culture and dining options abound. Proximity to the Riverwalk Bradenton is also a plus as it features beautiful views, parks, playgrounds, and picnic areas. This property is also close to the Manatee Village Historical Park train depot. Anna Maria Island, with its pristine beaches, is a mere 20-minute drive, offering an idyllic escape on weekends. The area is well-served by schools such as Ballard Elementary and Manatee High School, making it an ideal location for educational growth. The neighborhood is walkable for strolls along the water to nearby parks and shops. Bradenton is an area on the rise with plenty of future growth potential with ongoing development in an ever-growing community. The current management company is willing to continue the management of the fourplex after the sale. SERIOUS INQUIRIES ONLY, DO NOT DISTURB TENANTS, POF TO VIEW/INSPECT.
Financial Considerations
Price:
$548,500
HOA Fee:
N/A
Tax Amount:
$6625
Price per SqFt:
$212.6
Tax Legal Description:
LOT 8, BLK 1, WESTFIELD. TOGETHER WITH A PORTION OF A ALLEY ADJACENT TO LOT 8, VACATED IN OR 1072 P 656. PI#35278.0000/1
Exterior Features
Lot Size:
7841
Lot Features:
Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Common, Driveway
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
4
Heating:
Ductless
Cooling:
Other, Wall/Window Unit(s)
Appliances:
Dryer, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1920
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Private Mailbox
Additional Features 2:
Lease restrictions will be based on the county buyer to verify.
Map
  • Address
    612 26TH ST W #1 - 4
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 925,000
avt
Daniel Dourado
$ 579,000
avt
Daniel Dourado
$ 1,400,000
img
  • Featured
  • Active
Quadruplex

208-210-212 ELIZABETH AVE #A,B

  • 9
  • 6
  • 371 m²
avt
Daniel Dourado
$ 990,000
avt
Daniel Dourado
$ 690,000
avt
Daniel Dourado
$ 650,000
avt
Daniel Dourado
$ 385,000
avt
Daniel Dourado
$ 825,000
avt
Daniel Dourado
$ 949,900
avt
Daniel Dourado
$ 450,000
avt
Daniel Dourado
$ 880,000
avt
Daniel Dourado
$ 750,000