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Edgewater Apartments 1559 7th Ave W 6 Unit Apartment Building $1,677,777 ($279,630/Unit) 6.05% Cap Rate Bradenton, FL 34205
INVESTMENT HIGHLIGHTS
- Potential Seller Financing w/ Potential Interest-Only Payments for a Qualified Buyer
- All Units Updated w/ LVP Flooring, Granite Countertops, White Cabinetry, Stainless-Steel Appliances, Fresh Paint & Modern Bathroom Finishes
- Water-View Balconies w/ Built-In Storage, and Sizable Rear Patio Areas w/ Yard-Space Potential | Covered Carports & Private Laundry Rooms
- Attractive Two-Story Townhome-Style Floorplans | Featuring Superior 2-Bedroom / 1.5-Bathroom Units
- Substantial HVAC Upgrades Completed | Four Central AC's Replaced in 2025 | Two Replaced in 2023/2019
- Rock-Solid 1975 Masonry Construction Consisting of 6-Units in 1 Building on 1 Parcel Totaling 0.26 Acres
EXECUTIVE SUMMARY
View Offering Memorandum Document for Financial Details!
The Multifamily Firm is pleased to present the Edgewater Apartments, a renovated 6-unit apartment building in Bradenton, Florida, being offered with potential favorable seller financing. Each unit features an attractive two-story townhome-style layout with 2-bedroom / 1.5-bathroom floorplans and has been updated with LVP flooring, granite countertops, white cabinetry, stainless-steel appliances, modern bathroom finishes & more! Mechanical upgrades further strengthen the asset, with four central AC systems replaced in 2025 and two additional systems replaced in 2023 and 2019. Edgewater Apartments offers a light value-add component through the ability to recapture water expense by implementing RUBS or utility fees, with additional upside through select cosmetic enhancements. Residents benefit from water-view balconies with built-in storage, sizable rear patios with yard-space conversion potential, covered carports, and private laundry rooms with W/D hookups; an elevated amenity package rarely found in a 6-unit property. Constructed in 1975 with solid masonry block, the property consists of one building on a 0.26-acre parcel, delivering a stabilized, updated, and well-located coastal multifamily investment with meaningful upside.
View Offering Memorandum Document for Financial Details!
The Multifamily Firm is pleased to present the Edgewater Apartments, a renovated 6-unit apartment building in Bradenton, Florida, being offered with potential favorable seller financing. Each unit features an attractive two-story townhome-style layout with 2-bedroom / 1.5-bathroom floorplans and has been updated with LVP flooring, granite countertops, white cabinetry, stainless-steel appliances, modern bathroom finishes & more! Mechanical upgrades further strengthen the asset, with four central AC systems replaced in 2025 and two additional systems replaced in 2023 and 2019. Edgewater Apartments offers a light value-add component through the ability to recapture water expense by implementing RUBS or utility fees, with additional upside through select cosmetic enhancements. Residents benefit from water-view balconies with built-in storage, sizable rear patios with yard-space conversion potential, covered carports, and private laundry rooms with W/D hookups; an elevated amenity package rarely found in a 6-unit property. Constructed in 1975 with solid masonry block, the property consists of one building on a 0.26-acre parcel, delivering a stabilized, updated, and well-located coastal multifamily investment with meaningful upside.
View Offering Memorandum Document for Financial Details!
PROPERTY FACTS
| Price | $1,677,777 | Apartment Style | Low-Rise |
| Price Per Unit | $279,630 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 6.05% | 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 | $1,677,777 |
| Price Per Unit | $279,630 |
| Sale Type | Investment |
| Cap Rate | 6.05% |
| 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 | $1,963 | 910 |
1 1
Walk Score®
Very Walkable (75)
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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