Address
2406 11TH STREET W Bradenton, FL
Price
$ 995,000
Property Attributes
- MLS#T3271474
- TypeIncome
- CountyMANATEE
- CityBradenton
- AreaBradenton
- NeighborhoodEdgewood 3Rd Add
- Zip34205
- StyleMulti-Family
- Year Built1987
- Taxes12305
- Price$ 995,000
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage9266
- Lot Size0.7 Acres
Listing Provided Courtesy Of:
GRAYSTONE REAL ESTATE
Property Description
Great cash flowing multi-family property with value add upside! 2406 11th St W, Bradenton, FL 34205 is a 9 unit multi-family property located approximately 20 minutes north of Sarasota and 30 minutes south of downtown St. Petersburg. The property is located in Manatee County and considered part of the greater Tampa Bay MSA. The building consists of concrete block masonry construction with stucco exterior and concrete foundation. Roof was permitted and re-roofed seven years ago and consists of pitched wood truss framing and sheet metal roofing. Each living unit boasts large living spaces and great unit mix. There are six 2 bed/1 bath apartments, each measuring approx. 950 sqft. There are also three 3 bed/1 bath apartments, each measuring approx. 1,200 sqft. Attached to building is a coin operated laundry facility and locked storage shed. There exists major opportunity for value-add rent increase. The property rents are significantly under market with 2/1 units $125+ higher and 3/1 units $250+ higher for similar properties in the immediate area. The property has continually operated at 100% occupancy with many long term tenants. One of the biggest benefits that this building offers is that it includes central A/C and each unit is separately metered and billed for electricity and water. This allows for the owner to focus on fixed operating expenses without the worry of unexpected increases from overuse or main line leaks. The property also boasts an oversized parking lot and sits at the end of a street, allowing for minimal noise and car/ foot traffic.
| Price History | |
|---|---|
| 10/19/2020 | Listed $995,000 |
General Features
| Construction Materials | Block, Concrete, Stucco |
|---|---|
| Cooling | Central Air |
| Exterior Features | Lighting, Other, Sidewalk, Storage |
| Heating | Central |
| Lease Term | 12 Months |
| Levels | One |
| MLS Area | 34205 - Bradenton |
| Other Structures | Storage |
| Parking Features | Guest, Off Street, Open, Oversized |
| Patio/Porch Features | Covered, Front Porch, Porch |
| Property Description | Mid Rise |
| Property SubType | Multi-Family |
| Property Type | Residential Income |
| Roof | Metal |
| Sewer | Public Sewer |
| Special Listing Conditions | None |
| Status | Active |
| Subdiv Community Name | Edgewood |
| Subdivision Name | EDGEWOOD 3RD ADD |
| Terms | Cash, Conventional |
| Total Num Buildings | 1 |
| Total Units | 9 |
| Township | 34S |
| Utilities | Electricity Connected, Public, Water Connected |
| View | Trees/Woods |
| Year Built | 1987 |
| Zoning | R3A |
Interior Features
| Laundry Features | Inside, Laundry Room |
|---|---|
| Living Area | 9266.00 |
| Unit Count | 2 |
Exterior Features
| Building Area Total | 9522.00 |
|---|---|
| Foundation Details | Slab |
| Lot Features | Cul-De-Sac, Street Dead-End, Street Paved |
| Lot Size Acres | 0.70 |
| Lot Size Square Feet | 30274 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 34205
Price
Taxes
Visits
Year Built
Walkscore
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Flagler County Association of Realtors®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
