5518 25th St W
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5518 25th St W
20 Unit Apartment Building $3,500,000 ($175,000/Unit) 7% Cap Rate Bradenton, FL 34207
Executive Summary
This investment opportunity consists of a 20 unit / 10 duplex one story multifamily community located on a 2.12 +/- acre parcel in Bradenton, Fl. The RDD-6 zoned oversized lot is 300 feet by 308 feet deep and comprises 92,399 sf +/-. RDD-6 Residential Duplex District allows for medium density residential uses of single family and duplex development of 6 units per acre. All duplex apartments are two bedroom, one-bathroom units. Each duplex building is 1,534 sf and each unit is 767 sf. The buildings are concrete block construction built in 1975. See attachment for Manatee County building permits issued on the property. This property offers immediate income with future remodeling or redevelopment potential. The property remains fully leased. Current NOI of the property is $ 234,146.00. See attachment for Income and expense spreadsheet. The property is located conveniently to shops, restaurants, offices and other amenities. The property is less than 2 miles to IMG, 1 mile to Detweilers, and a short drive to SR 70 and Tamiami Trail.
Please do not disturb the tenants. Interior showings will occur upon a fully executed offer/contract.
Buyer's agent commission compensation shall be paid by Buyer.
Please do not disturb the tenants. Interior showings will occur upon a fully executed offer/contract.
Buyer's agent commission compensation shall be paid by Buyer.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,500,000 | Apartment Style | Garden |
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.09 AC |
| Cap Rate | 7% | Building Size | 18,710 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1977 |
| Price | $3,500,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.09 AC |
| Building Size | 18,710 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1977 |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
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PROPERTY TAXES
| Parcel Number | 60965-0000-1 | Improvements Assessment | $795,000 |
| Land Assessment | $255,000 | Total Assessment | $1,050,000 |
PROPERTY TAXES
Parcel Number
60965-0000-1
Land Assessment
$255,000
Improvements Assessment
$795,000
Total Assessment
$1,050,000
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5518 25th St W
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