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1029 7th Ave E
Bradenton, FL 34208
The Flats at Bradenton · Multifamily Property For Sale
·
50 Units
Investment Highlights
- Rare opportunity to purchase a fully renovated 50-unit multifamily asset with comprehensive upgrades completed within the past year.
- The Flats at Bradenton is nearing stabilization with full occupancy projected for March 2026, supporting an estimated stabilized cap rate of 8.5%.
- Prime Downtown Bradenton location near Sarasota and the Greater Tampa Bay Area benefits from sustained population and employment growth.
- Completed renovations to kitchens, flooring, and interiors significantly reduce near-term capital expenditure requirements and operational risk.
- Attractive basis of approximately $136,000 per unit, offering a significant reduction to replacement costs in a high-demand Gulf Coast market.
- Coastal Florida multifamily assets continue to attract a diverse investor pool, supporting liquidity and long-term appreciation potential.
Property Facts
| No. Units | 50 | Lot Size | 1.25 AC |
| Property Type | Multifamily | Building Size | 42,991 SF |
| Property Subtype | Apartment | Average Occupancy | 90% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | C | Year Built/Renovated | 1999/2025 |
| Zoning | mf - multifamily | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.25 AC |
| Building Size | 42,991 SF |
| Average Occupancy | 90% |
| No. Stories | 5 |
| Year Built/Renovated | 1999/2025 |
| Zoning | mf - multifamily |
Amenities
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Property Manager on Site
- Security System
- Gated
- Disposal Chutes
- Furnished Units Available
- Smoke Free
- Walking/Biking Trails
- Bicycle Storage
- Elevator
- Maintenance on site
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 50 | $1,375 | 650 |
Property Taxes
| Parcel Number | 32240-0000-4 | Improvements Assessment | $3,572,171 |
| Land Assessment | $439,453 | Total Assessment | $4,011,624 |
Property Taxes
Parcel Number
32240-0000-4
Land Assessment
$439,453
Improvements Assessment
$3,572,171
Total Assessment
$4,011,624
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