$562,500
$600,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
2 Baths
1,968 SqFt
SOLD DATE : 12/01/2022
Key Details
Sold Price $562,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,968 sqft
Price per Sqft $285
Subdivision 2765; Singletary Et Al
MLS Listing ID A4545835
Sold Date 12/01/22
Bedrooms 1
HOA Y/N No
Year Built 1949
Annual Tax Amount $2,012
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Multi-Family
Source Stellar MLS
Property Description
Income producing 5-PLEX...8.25% cap AS IT SITS, with significant upside. With a small rent bump you're in the 9 range, but also with the extreme upside of being in the downtown Bradenton corridor and prime for gentrification. It happening in all directions, not hard to find proof. A further bonus, it's in the Opportunity Zone for massive tax benefits longer term. All units are rented to happy tenants who wish to stay, This property is stable, and property management is avail for a reasonable rate if so desired. Tenants pay all utilities and are current with no delinquencies on file. Buy it, tuck it away for long term gains, and clip a coupon over 8% along the way. Easy as it gets.
Location
State FL
County Manatee
Community 2765; Singletary Et Al
Area 34205 - Bradenton
Zoning R3A R1D
Direction W
Interior
Interior Features Ceiling Fans(s)
Heating Central, Wall Units / Window Unit
Cooling Central Air, Wall/Window Unit(s)
Fireplace false
Exterior
Exterior Feature Other
Utilities Available Public
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Stem Wall
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Private Financing Available
Listing Terms Cash, Conventional, Private Financing Available
Special Listing Condition None
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Bought with FOXFIRE REALTY
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