624 19th St W | 624 19th St W
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624 19th St W 624 19th St W
3 Unit Apartment Building $762,500 ($254,167/Unit) 8.20% Cap Rate Bradenton, FL 34205
Executive Summary
Historic 3/3 main home with two studio apartments in separate building with huge upside potential. This 1935 property retains all its original character and details. All three units are currently rented and grossing $5,585 per month. Simply raising rents to market would yield an additional $900 a month. With some updates, the main house alone could fetch upwards of $5,000 monthly or even more if positioned as a vacation rental. Within walking distance of downtown Bradenton, and 10 minutes to I-75 and 15 minutes to the beaches. Tenants pay all utilities, and there is a common laundry room and garage.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $762,500 | Apartment Style | Single Family Home |
| Price Per Unit | $254,167 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 2,704 SF |
| Cap Rate | 8.20% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $762,500 |
| Price Per Unit | $254,167 |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Lot Size | 0.25 AC |
| Building Size | 2,704 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1935 |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Bay Window
- Crown Molding
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Attic
- Built-In Bookshelves
- Den
- Dining Room
- Garden
- Lawn
- Linen Closet
- Pantry
- Porch
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 1 | $3,645 | 2,354 |
| Studios | 1 | $1,445 | 440 |
| Studios | 1 | $945.00 | 200 |
1 of 1
zoning
| Zoning Code | BR_R-1 |
| BR_R-1 |
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624 19th St W | 624 19th St W
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