926 West Apartments | 928 16th St W
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926 West Apartments 928 16th St W
4 Unit Apartment Building $595,000 ($148,750/Unit) 6.33% Cap Rate Bradenton, FL 34205
Investment Highlights
- Rare Multifamily Asset: Two-Bedroom House w/ Garage & 3-Unit Apartment Building on 1 Parcel
- Value-Add Offering with Significant Upside on Rents | Non-Flood Zone Location (Zone X) Substantially Reducing Insurance Costs
- House Separately Metered for Water/Sewer and Electric, w/ Tenants Paying Direct to Utility Provider
- Consists of 4-Units, in 2 Buildings, on 1 Parcel Totaling 0.24 Acres
- Smart Investment Opportunity: Reside in House & Leverage 3-Unit Rents to Pay the Mortgage & Build Equity
- Within Minutes of Downtown Bradenton & the Riverwalk, a Scenic Waterfront Park with a Promenade, Playgrounds, Amphitheater, Splash Pad & More!
Executive Summary
The Multifamily Firm is pleased to present the 926 West Apartments, a rare multifamily asset in Bradenton, Florida, consisting of a House and a 3-Unit Apartment Building on 1 parcel totaling 0.24 acres. Featuring a favorable unit mix of One, 2 Bed / 2 Bath, Two, 1 Bed / 1 Bath and One Studio, the property provides a smart investment opportunity to reside in the house unit, while leveraging the rents from the 3-unit building to pay the mortgage & build equity. The house boasts solid masonry construction, an attached garage, central AC, washer/dryer, a large fenced yard, and ample outdoor spaces. The rear building offers separate entrances for each unit, private outdoor areas, and coin-operated laundry. Located in a non-flood zone (Zone X) for reduced insurance costs, the property is just minutes from Downtown Bradenton and the area’s iconic waterfront destination, the Riverwalk.
For full details & financial information, please view the property Offering Memorandum!
For full details & financial information, please view the property Offering Memorandum!
Property Facts
| Price | $595,000 | Building Class | C |
| Price Per Unit | $148,750 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 3,130 SF |
| Cap Rate | 6.33% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2.24/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $595,000 |
| Price Per Unit | $148,750 |
| Sale Type | Investment |
| Cap Rate | 6.33% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 3,130 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.24/1,000 SF |
| Opportunity Zone |
Yes |
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Storage Space
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PROPERTY TAXES
| Parcel Number | 43810-0000-1 | Improvements Assessment | $366,296 |
| Land Assessment | $55,250 | Total Assessment | $421,546 |
PROPERTY TAXES
Parcel Number
43810-0000-1
Land Assessment
$55,250
Improvements Assessment
$366,296
Total Assessment
$421,546
zoning
| Zoning Code | R3A (residential zoning district for medium-density housing) |
| R3A (residential zoning district for medium-density housing) |
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926 West Apartments | 928 16th St W
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