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Units 912A-1018B 60TH AVENUE TERRACE W
BRADENTON , FL 34207
MLS#: A4582612
$4,825,000
Property
Beds
48
Full Baths
None
1/2 Baths
None
Year Built
1972
Sq.Footage
1,472
THE SUNNY ACRES Portfolio Investor Package is for sale. **** DO NOT GO ON PROPERTY. DO NOT DISTURB TENANTS*** 24 UNITS ALL OCCUPIED. Property is a contiguous property spanning nearly 3 acres that consists of 12 DUPLEXES. 3 courtyard style entrances each with 4 duplexes per entrance. Separate driveways and dead end courtyard streets. All of the units are 2 bedroom, 1 bath, with individual carports and individual laundry room/utility closet. All utilities are separately metered. Tenants pay electric, water, and internet. All units are located adjacent to one another on a large parcel in the heart of West Bradenton. Tremendous cash flow. Grosses 360k per year. Low taxes and low insurance (avg. 775$ per unit per year) makes an incredible Net ROI. All units are rented and cash flowing. Excellent quadrant with all duplexes grouped together, well kept, and top notch management company in place. Management company has set expectations and great relationship with tenants in community. Units vary in finishes. Majority are completely upgraded or moderately upgraded, and there are still several with basic or original finishes. Pictures represent the range of condition. No pics of original finishes. 1/3rd of the units recently had the exteriors painted and shutters added and one brand new entrance parking lot recently. Many NEW ACs and other miscellaneous improvements. Rents range from $1000-1650 month. Rent rolls and details available on request. Assume it as it is and collect income, continue the improvement project and build your rental return to create more income potential opportunities. The average price of duplexes is consistent with individual duplexes in the zip code that are in above average condition. The main difference is that the comparable duplexes all range from 900-1100 in gross rent and these duplexes are all renting well above those averages. Comparable duplexes are randomly located throughout town. This package is all located in one spot and you can establish and maintain consistency. Includes all of the following address on 60th Ave Terrace West Bradenton; 912A, 912B, 914A, 914B, 916A, 916B, 918A, 918B, 1004A, 1004B, 1006A, 1006B, 1008A, 1008B, 1010A, 1010B, 1012A, 1012B, 1014A, 1014B, 1016A,1016B, 1018A, 1018B. Inquire with agent with any additional questions. **** DO NOT GO ON PROPERTY. DO NOT DISTURB TENANTS**** Please. Serious inquiries only. Proof of funds required. See terms for additional instructions regarding offers, income, financing, and such.
Features & Amenities
Interior
-
Other Interior Features
Other
-
Total Bedrooms
48
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central
Exterior
-
Garage
No
-
Construction Materials
Block
-
Other Exterior Features
Other
-
Parking
Covered
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
2.7
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$4,825,000
-
Tax Amount
28102.5
-
Zoning
RDD6
-
Sq. Footage
1, 472
-
Price/SqFt
$3,277
HOA
-
Association
No
School District
-
Elementary School
Blanche H. Daughtrey Elementary
-
Middle School
W.D. Sugg Middle
-
High School
Bayshore High
Property Features
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Manatee
Elementary School
Blanche H. Daughtrey Elementary
Middle School
W.D. Sugg Middle
High School
Bayshore High
Listing Courtesy of Joseph Patoray, LLC , FINE PROPERTIES
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Business Coach | Executive Sales Associate | Realtor®
MichaelGraf
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