Village of the Arts Multi-Family Investment!

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30174917
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 10 Units
Building Size (RSF): 7,398 SF
Gross Land Area: 0.90 Acres
Sale Price: $499,000
Unit Price: $49,900 Per Unit
Property Use Type: Investment
Building Name: Shady Oaks
Sale Terms: Cash to Seller
Cap Rate: 8.56%
Average Occupancy Rate: 100
Last Updated: 11/17/2017

Overview / Comments

Take advantage of a solid investment opportunity! These at 10 units located in downtown Bradenton's Village of the Arts. Florida's fastest growing arts communities and a rapidly gentrifying neighborhood just blocks from the waterfront and the Beautiful Riverwalk Park. Extremely well maintained and always full, since affordable housing is in such high demand.

On Site Laundromat Provides for additional Owner Income on top of Rental Charges

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: City of Bradenton
Tax ID/APN: 4365200007
Zoning: T4-OPEN
Percent Occupied: 100%
Community Amenities: On-Site Maintenance
Property Located Between: 9th St and 14th St. on the southern edge of Downtown Bradenton
Highway Access: SR64 immediately to the north
Airports: Bradenton-Sarasota, St. Pete - Clearwater, Tampa International
Site Description: Located along the main corridor in the Village of the Arts
Area Description: Urban Core, Downtown Edge district, Arts Community
Total Number of Buildings: 3
Property Condition: Good
Number of Stories: 2
Year Built: 1973
Construction/Siding: Block
Parking Type: Surface
Parking Description: Open Parking
Laundry: Shared
Air Conditioning: Window Unit
Internet Access: Cable, DSL
Zoning Description: T4-O General Urban Open Zone consists of mixed uses, providing a variety of housing choices, but also allows office and neighborhood-serving commercial uses
Lot Frontage: 150
Lot Depth: 275
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Finonan, LLC

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,681 96,399 191,353
Median Age: 37.67 41.13 43.14
Households: 5,730 39,571 79,984
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