Description
Investor alert!! Well maintainted 100 year old property totally Tenant occupied and grazing an 7 CAP in this market! This would be a wonderful addition to any serious investor's portfolio. The sellers have taken wonderful care of the property, which reduces the immediate need for repairs or renovation to allow a smooth transition to the new owners. Nestled in the heart of Bradenton, this unique fourplex at 612 26th St W offers a promising combination of location, versatility, and income potential. This project has a strong rental history and high demand, making it a fantastic opportunity for both seasoned investors and first-time buyers looking to generate rental income. This charming 1920's property boasts unique units with modern amenities, perfect for small families or professionals seeking a serene living space. Sellers have added a community laundry room for tenants. So much potential for UPGRADES including: updated units, garages restored, new windows, HVAC instead of wall units in the back for added value and increased potential for rents. Sellers completed a full exterior repaint of the complex in October of 2024. The unit composition is two 1 bedroom 1 bath units located upstairs and one 2 bedroom 1 bath and one 1 bedroom 1 bath downstairs. Sufficient onsite /off-street parking available for tenants. Gross rent is appx $68K annually. Seller intends to use in a 1031 exchange. This property was unaffected in the last 3 hurricanes. Stellar location where residents will enjoy the proximity to Downtown Bradenton, just a 6-minute drive away, where local culture and dining options abound. Proximity to the Riverwalk Bradenton is also a plus as it features beautiful views, parks, playgrounds, and picnic areas. This property is also close to the Manatee Village Historical Park train depot. Anna Maria Island, with its pristine beaches, is a mere 20-minute drive, offering an idyllic escape on weekends. The area is well-served by schools such as Ballard Elementary and Manatee High School, making it an ideal location for educational growth. The neighborhood is walkable for strolls along the water to nearby parks and shops. Bradenton is an area on the rise with plenty of future growth potential with ongoing development in an ever-growing community. The current management company is willing to continue the management of the fourplex after the sale. House is on a floating foundation. Flooring in Unit 1 is sloping and needs repair- Seller has obtained a repair quote and scope of work from Alpha foundations and Seller is willing to add a concession for the repair. SERIOUS INQUIRIES ONLY, DO NOT DISTURB TENANTS, POF TO VIEW/INSPECT.
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5BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
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2,580SQFT
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$215$/SQFT
School Information
Description
Investor alert!! Well maintainted 100 year old property totally Tenant occupied and grazing an 7 CAP in this market! This would be a wonderful addition to any serious investor's portfolio. The sellers have taken wonderful care of the property, which reduces the immediate need for repairs or renovation to allow a smooth transition to the new owners. Nestled in the heart of Bradenton, this unique fourplex at 612 26th St W offers a promising combination of location, versatility, and income potential. This project has a strong rental history and high demand, making it a fantastic opportunity for both seasoned investors and first-time buyers looking to generate rental income. This charming 1920's property boasts unique units with modern amenities, perfect for small families or professionals seeking a serene living space. Sellers have added a community laundry room for tenants. So much potential for UPGRADES including: updated units, garages restored, new windows, HVAC instead of wall units in the back for added value and increased potential for rents. Sellers completed a full exterior repaint of the complex in October of 2024. The unit composition is two 1 bedroom 1 bath units located upstairs and one 2 bedroom 1 bath and one 1 bedroom 1 bath downstairs. Sufficient onsite /off-street parking available for tenants. Gross rent is appx $68K annually. Seller intends to use in a 1031 exchange. This property was unaffected in the last 3 hurricanes. Stellar location where residents will enjoy the proximity to Downtown Bradenton, just a 6-minute drive away, where local culture and dining options abound. Proximity to the Riverwalk Bradenton is also a plus as it features beautiful views, parks, playgrounds, and picnic areas. This property is also close to the Manatee Village Historical Park train depot. Anna Maria Island, with its pristine beaches, is a mere 20-minute drive, offering an idyllic escape on weekends. The area is well-served by schools such as Ballard Elementary and Manatee High School, making it an ideal location for educational growth. The neighborhood is walkable for strolls along the water to nearby parks and shops. Bradenton is an area on the rise with plenty of future growth potential with ongoing development in an ever-growing community. The current management company is willing to continue the management of the fourplex after the sale. House is on a floating foundation. Flooring in Unit 1 is sloping and needs repair- Seller has obtained a repair quote and scope of work from Alpha foundations and Seller is willing to add a concession for the repair. SERIOUS INQUIRIES ONLY, DO NOT DISTURB TENANTS, POF TO VIEW/INSPECT.
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