The Flats at Bradenton 1029 7th Ave E 50 Unit Apartment Building $6,800,000 ($136,000/Unit) 8.26% Cap Rate Bradenton, FL 34208

Acquire a fully renovated 50-unit apartment complex community at 1029 7th Avenue E in Bradenton, Florida, a highly sought-after Gulf Coast market. Spanning 50 one-bedroom, one-bathroom units, The Flats at Bradenton has undergone a comprehensive renovation within the past 12 months. Improvements include all new kitchens, new flooring throughout, and fresh interior and exterior paint. Firmly in-place operational infrastructure includes an on-site maintenance and leasing manager, a dedicated leasing office, and on-site laundry facilities, supporting efficient management and tenant retention.

Approaching stabilization, the asset is 45/50 units leased, or 90%, and projected to reach 100% occupancy in March 2026. Since reopening, the property has demonstrated consistent lease-up within its submarket, reflecting solid rental demand and effective repositioning. Estimated year one NOI is approximately $561,344, producing an 8.3% unlevered yield. The acquisition basis of approximately $136,000 per unit represents a meaningful discount to replacement cost in a coastal Florida market where construction and land costs continue to rise. With renovations complete and income visibility improving, execution risk is significantly reduced.

Bradenton’s residential market continues to attract population growth and new economic activity, driven by in-migration, employment expansion, and lifestyle appeal. The Flats at Bradenton benefit from a walkable Downtown Bradenton location with proximity to regional hospitals, Gulf Coast beaches, and major employers. It is approximately 25 miles from the Greater Tampa Bay Area and 12 miles north of Sarasota, one of the most desirable cities in Florida.

Stabilized multifamily assets in high-growth Florida markets continue to attract a broad buyer pool, including private investors, 1031 exchange buyers, family offices, and institutional capital, creating attractive exit optionality. Recent renovations, stabilization, strong yield profile, and durable market tailwinds position 1029 7th Avenue E as a compelling multifamily investment opportunity with current income and long-term appreciation potential.

Please reach out to the listing agent for more details.