612 26th St W #1 - 4 , BRADENTON, FL 34205
BRADENTON, FL 34205
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.
Details
| MLS# | A4623766 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Suite Number | 1 |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1920 |
| Days On Site | 78 |
| Listing Provided By | NEXTHOME EXCELLENCE | Desiree Doggett |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,580 |
| Garage | 3 |
| Story(s) | 2 |
| Units | 4 |
| Zoning | X |
| Acreage | 0.18 |
Market Activity 34205
Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of January 14, 2025 at 10:43:41 AM PST 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
| State | FL |
|---|---|
| County | Manatee |
| City | BRADENTON |
| Zip Code | 34205 |
| Area | 34205 Bradenton |
| Subarea | Creekview Condominium |
| Community Name | WESTFIELD |
| School District | Manatee High |
| Elementary School | Ballard Elementary |
| Middle School | W.D. Sugg Middle |
| High School | Manatee High |
| Listing VS Median (in WESTFIELD) | |
Price: $554,000 low | high Med: $319,999 SqFt: 2,580 low | high Med: 1,238 $ / SqFt: $215 low | high Med: $258 On Site: 78 low | high Med: 57.000000 | |