Units 912a-1018b 60th Avenue Terrace W , BRADENTON, FL 34207
BRADENTON, FL 34207
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 Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1972 |
| Days On Site | 381 |
| Listing Provided By | FINE PROPERTIES | Joseph Patoray, LLC |
Features
| Bed(s) | 48 |
|---|---|
| Bath(s) | 24 |
| SQ Feet | 1,472 |
| Car Port | Yes |
| Units | 24 |
| Zoning | RDD6 |
| Acreage | 2.70 |
Market Activity 34207
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Learn More About This Property
| State | FL |
|---|---|
| County | Manatee |
| City | BRADENTON |
| Zip Code | 34207 |
| Area | 34207 Bradenton | Fifty Seventh Avenue |
| Subarea | Sunny Lake Estates |
| Community Name | SUNNY LAKES ESTATES |
| School District | Bayshore High |
| Elementary School | Blanche H. Daughtrey Elementary |
| Middle School | W.D. Sugg Middle |
| High School | Bayshore High |
| Listing VS Median (in SUNNY LAKES ESTATES) | |
Price: $4,825,000 low | high Med: $362,500 SqFt: 1,472 low | high Med: 1,742 $ / SqFt: $3,278 low | high Med: $209 On Site: 381 low | high Med: 28.500000 | |