Bradenton, FL 34207,Units 912A-1018B 60TH AVENUE TER W
Bradenton, FL 34207,Units 912A-1018B 60TH AVENUE TER W
Bradenton, FL 34207,Units 912A-1018B 60TH AVENUE TER W
Bradenton, FL 34207,Units 912A-1018B 60TH AVENUE TER W
Bradenton, FL 34207,Units 912A-1018B 60TH AVENUE TER W
Bradenton, FL 34207,Units 912A-1018B 60TH AVENUE TER W
See all 100 photos

$4,400,000

$4,825,000

8.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

48 Beds

24 Baths

1,472 SqFt


SOLD DATE : 10/18/2023

Key Details

Sold Price $4,400,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,472 sqft

Price per Sqft $2,989

Subdivision Sunny Lakes Estates

MLS Listing ID A4582612

Sold Date 10/18/23

Bedrooms 48

HOA Y/N No

Originating Board Stellar MLS

Year Built 1972

Annual Tax Amount $28,102

Lot Size 2.700 Acres

Acres 2.7

Lot Dimensions 90x220

Property Sub-Type Multi-Family

Property Description

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.

Location

State FL

County Manatee

Community Sunny Lakes Estates

Zoning RDD6

Direction W

Rooms

Other Rooms Storage Rooms

Interior

Interior Features Other

Heating Central

Cooling Central Air

Flooring Ceramic Tile

Fireplace false

Appliance Range, Refrigerator

Laundry Laundry Room

Exterior

Exterior Feature Other

Parking Features Covered

Utilities Available Electricity Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 2 to less than 5

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Schools

Elementary Schools Blanche H. Daughtrey Elementary

Middle Schools W.D. Sugg Middle

High Schools Bayshore High

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Special Listing Condition None

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Stellar MLS
Listed by FINE PROPERTIES
Bought with BEYOND REALTY LLC
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