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Edgewater Apartments 1559 7th Ave W 6 Unit Apartment Building $1,399,000 ($233,167/Unit) 6.45% Cap Rate Bradenton, FL 34205
Investment Highlights
- Below Market Favorable Seller Financing w/ Potential Interest-Only Payments Available for Qualified Buyer
- All Units Updated w/ LVP Flooring, Granite Countertops, White Cabinetry, Stainless-Steel Appliances, Fresh Paint & Modern Bathroom Finishes
- Four New Central AC Systems in 2025 | Two Replaced in 2023/2019 | Roof Replaced in 2021
- Attractive Townhome-Style Floorplans Featuring All 2-Bed / 1.5-Bath Units w/ Covered Carports & Private Laundry Rooms with W/D Hookups
- Water-View Balconies w/ Storage Space, and Sizable Rear Patio Areas w/ Yard-Space
- Rock-Solid 1975 Masonry Construction Consisting of 6-Units in 1 Building on 1 Parcel Totaling 0.26 Acres
Executive Summary
***NEW PRICE ADJUSTMENT | POTENTIAL SELLER FINANCING | View Offering Memorandum Document for Details at MultifamilyFirm.com***
The Multifamily Firm is pleased to present the Edgewater Apartments, a renovated 6-unit multifamily asset featuring attractive townhome-style floorplans comprised entirely of 2-bedroom / 1.5-bathroom units. The property offers qualified buyers the potential for favorable seller financing at below-market terms, including possible interest-only payments. Following extensive improvements, including drywall replacement and interior restoration, all units have been updated with LVP flooring, granite countertops, white cabinetry, stainless-steel appliances, fresh paint, and modern bathroom finishes. Additionally, 4 new central AC systems were installed in 2025, with the remaining 2 replaced in 2023 & 2019 and the roof was recently replaced in 2021. Residents benefit from water-view balconies with storage space, sizable rear patio areas with yard space, covered carports, and private laundry rooms with washer/dryer hookups. Constructed of durable masonry in 1975, the property consists of 6 units in 1 building on a single 0.26-acre parcel, and offers additional upside potential with the implementation of RUBS or utility fees to further boost cash flow!
For Seller Financing & Financial Details, View the Offering Memorandum Document and please email to schedule a call to discuss further!
The Multifamily Firm is pleased to present the Edgewater Apartments, a renovated 6-unit multifamily asset featuring attractive townhome-style floorplans comprised entirely of 2-bedroom / 1.5-bathroom units. The property offers qualified buyers the potential for favorable seller financing at below-market terms, including possible interest-only payments. Following extensive improvements, including drywall replacement and interior restoration, all units have been updated with LVP flooring, granite countertops, white cabinetry, stainless-steel appliances, fresh paint, and modern bathroom finishes. Additionally, 4 new central AC systems were installed in 2025, with the remaining 2 replaced in 2023 & 2019 and the roof was recently replaced in 2021. Residents benefit from water-view balconies with storage space, sizable rear patio areas with yard space, covered carports, and private laundry rooms with washer/dryer hookups. Constructed of durable masonry in 1975, the property consists of 6 units in 1 building on a single 0.26-acre parcel, and offers additional upside potential with the implementation of RUBS or utility fees to further boost cash flow!
For Seller Financing & Financial Details, View the Offering Memorandum Document and please email to schedule a call to discuss further!
Property Facts
| Price | $1,399,000 | Apartment Style | Low-Rise |
| Price Per Unit | $233,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 6.45% | Building Size | 7,260 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1975/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.65/1,000 SF |
| Zoning | BR T4-O - BR T4-O - Bradenton Form-Based Code General Urban – Open | ||
| Price | $1,399,000 |
| Price Per Unit | $233,167 |
| Sale Type | Investment |
| Cap Rate | 6.45% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 7,260 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2025 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | BR T4-O - BR T4-O - Bradenton Form-Based Code General Urban – Open |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Washer/Dryer Hookup
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Views
- Yard
- Deck
- Linen Closet
- Patio
- Vinyl Flooring
Site Amenities
- Fenced Lot
- Waterfront
- Trash Pickup - Curbside
- Storage Space
- Bicycle Storage
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 6 | $1,825 | 910 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 33603-1000-1 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $700,311 |
Property Taxes
Parcel Number
33603-1000-1
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$700,311
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Edgewater Apartments | 1559 7th Ave W
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