1503 9th Ave W | Bradenton, FL 34205
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- LoopNet Team
1503 9th Ave W
Bradenton, FL 34205
Multifamily Property For Sale
·
19 Units
INVESTMENT HIGHLIGHTS
- 1503 9th Ave W is a 19-Unit Multifamily Property Located in Downtown Bradenton, FL
- 6.5%+ Takeover Cap Rate with Adjusted Taxes and Increase for Insurance
- Current Average Lease Rent: $1,098 // Current Average Base Market Rent: $1,160 // Pro Forma Average Rent: $1,232
- Unit Mix Includes a Variety of Studio, 1-, 2-, & 3-Bedroom Units // All Roofs Replaced in 2023
- Value-Add Opportunity with $134+ in Average Monthly Rental Upside Through Renovations and Loss-to-Lease Recapture
- Sarasota/Bradenton Ranks #6 on the 20 Fastest-Growing US Metro Areas in 2024 & Job Growth Over the Next 10 Years is Forecast to Reach 44.6%
PROPERTY FACTS
| No. Units | 19 | Lot Size | 0.63 AC |
| Property Type | Multifamily | Building Size | 9,444 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1922 |
| Building Class | C | ||
| Zoning | BR_T4-O | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 9,444 SF |
| No. Stories | 1 |
| Year Built | 1922 |
| Zoning | BR_T4-O |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 13 | - | 400 |
| 1+1 | 4 | - | 550 |
| 2+1 | 1 | - | 1,000 |
| 3+1 | 1 | - | 800 |
PROPERTY TAXES
| Parcel Number | 43775-0005-9 | Improvements Assessment | $1,162,350 |
| Land Assessment | $344,250 | Total Assessment | $1,506,600 |
PROPERTY TAXES
Parcel Number
43775-0005-9
Land Assessment
$344,250
Improvements Assessment
$1,162,350
Total Assessment
$1,506,600
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