$4,825,000 $25,902 est/mo Sourced by Back At You

Units 912a-1018b 60th Avenue Terrace W,BRADENTON, FL 34207

BRADENTON FL, 34207

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Description

Under contract-accepting backup offers. 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.

Details

MLS#A4582612
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusPending
Year1972
Days On Site298
Listing Provided ByFINE PROPERTIES | Joseph Patoray, LLC
Buying Commision2%

Features

Bed(s)48
Bath(s)24
SQ Feet1,472
Car PortYes
Units24
ZoningRDD6
Acreage2.70

Market Activity 34207

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of July 19, 2024 at 5:36:53 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountyManatee
CityBRADENTON
Zip Code34207
Area34207 Bradenton | Fifty Seventh Avenue
SubareaSunny Lake Estates
Community NameSUNNY LAKES ESTATES
School DistrictBayshore High
Elementary SchoolBlanche H. Daughtrey Elementary
Middle SchoolW.D. Sugg Middle
High SchoolBayshore High
Listing VS Median (in SUNNY LAKES ESTATES)
Price:
$4,825,000
low | high
Med:
$324,500
100% of Average
SqFt:
1,472
low | high
Med:
1,506
47.724184782609% of Average
$ / SqFt:
$3,278
low | high
Med:
$217
100% of Average
On Site:
298
low | high
Med:
54.500000
100% of Average
Sourced by Back At You
Listing Updated: October 7, 2023 at 9:29:19 PM PDT
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