BRADENTON

1003 3RD ST W, BRADENTON, FL 34205

$562,500

Income producing 5-PLEX...8.25% cap AS IT SITS, with significant upside. With a small rent bump you're in the 9 range, but also with the extreme upside of being in the downtown Bradenton corridor and prime for gentrification. It happening in all directions, not hard to find proof. A further bonus, it's in the Opportunity Zone for massive tax benefits longer term. All units are rented to happy tenants who wish to stay, This property is stable, and property management is avail for a reasonable rate if so desired. Tenants pay all utilities and are current with no delinquencies on file. Buy it, tuck it away for long term gains, and clip a coupon over 8% along the way. Easy as it gets.

1
bed

2
baths

1,968 Sq.Ft. LIVING AREA

5,184 Sq.Ft. lot

Features & Amenities

Interior

total bedrooms1
Total bathrooms2
other interior Features Ceiling Fans(s)

Area & Lot

Status Sold
Date Sold December 1, 2022
Living Area1,968 Sq.Ft.
Lot Area5,184 Sq.Ft.
MLS® IDA4545835
TypeMulti-Family
YEAR BUILT1949

Exterior

water SourcePublic
utilitiesPublic
roofShingle
HEAT TYPECentral, Wall Units / Window Unit
AIR CONDITIONINGCentral Air, Wall/Window Unit(s)
sewerPublic Sewer
SubstructureStem Wall
other exterior FeaturesOther

Financial

Sales Price$562,500
Real Estate Tax $2,012/yr
Zoning R3A R1D

Partner With Wendy

Wendy’s market knowledge, integrity, resourcefulness, and personalized approach makes it easy for buyers and sellers to accomplish their real estate goals in Sarasota.

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