Active

$489,000

Features:
  • 5 Bedrooms
  • 3 Bathrooms
  • 1272 sq ft
Overview
  • ID: MFRA4686373
  • Bedrooms: 5
  • Bathrooms: 3
  • Size: 1272 sq ft
Property Details
Remarks
Prime Investment Opportunity in Bradenton’s Village of the Arts Located in the highly sought-after Village of the Arts, this unique property is in the process of being finalized as a legal triplex, with the current owner working with the City of Bradenton to convert the garage into a fully approved third unit. Offering flexibility for an end user to live in one unit and rent others or an investor with options for short-term, long-term, or seasonal rentals, this property presents strong income potential in a vibrant, high-demand area. Unit Breakdown: Unit 1: 2-bedroom, 1-bath featuring an updated kitchen with stainless steel appliances, laminate flooring, decorative fireplace, and in-unit laundry Unit 2: 1-bedroom, 1-bath with updated kitchen, newer central A/C (2023), and access to outdoor laundry Unit 3 (In Progress): Garage conversion into a 1-bedroom, 1-bath unit with shared outdoor laundry Positioned on just under a quarter-acre corner lot, the property offers both off-street and on-street parking, along with expansive outdoor space ideal for tenants or guests. Enjoy shaded relaxation beneath a mature oak tree, plus multiple patios in the front, rear, and behind the garage. Key Improvements: Roof replaced in 2017 A/C (Unit 2) replaced in 2023 Prime Location: 5 minutes to downtown Bradenton, shopping, and dining 10 minutes to Sarasota-Bradenton International Airport 15 minutes to downtown Sarasota Approximately 8 miles to Gulf beaches This is a rare opportunity to acquire a versatile income-producing property in one of Bradenton’s most artistic and rapidly growing neighborhoods.
Financial Considerations
Price:
$489,000
HOA Fee:
N/A
Tax Amount:
$4964.83
Price per SqFt:
$384.43
Tax Legal Description:
LOTS 11,12 BETTS & CLARK SUB PI#44253.0000/3
Exterior Features
Lot Size:
8612
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
3
Heating:
Other
Cooling:
Other
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1950
Construction Type:
Asbestos, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Private Yard
Additional Features 2:
N/A
Map
  • Address
    1008 16TH AVE W
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