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1821 13th St W 10 Unit Apartment Building $999,000 ($99,900/Unit) Bradenton, FL 34205
EXECUTIVE SUMMARY
This Investment Opportunity is Priced to Sell! Current Apartment Complex is comprised of 10 Units, each apartment is approximately 279 Sq.Ft. Suits are in good condition with little maintenance overall. Apartments consistently stay rented and asking rental rate is $1,000 per Unit. Building sits on .3489 acres with Downtown Urban Zoning of T4-R which allows for a height of 2.5 stories if so desired. Building is located at the corner of 13th Street West and 19th Ave West just South of Bradentons Downtown Urban Core and just East of 14th Street West. Due to the lack of small affordable apartments in this area, the Subject Property remains 80% to 100% occupied at all times. Surface parking lot has 16 parking spaces. Easy to manage and easy to keep full! Wonderful property to add to your investment portfolio! Pro-forma runs a 7.6% CAP Rate.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$120,000
|
$13.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$18,000
|
$1.98
|
| Effective Gross Income |
$102,000
|
$11.22
|
| Taxes |
$7,603
|
$0.84
|
| Operating Expenses |
$18,300
|
$2.01
|
| Total Expenses |
$25,903
|
$2.85
|
| Net Operating Income |
$76,097
|
$8.37
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $13.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $18,000 |
| Annual Per SF | $1.98 |
| Effective Gross Income | |
|---|---|
| Annual | $102,000 |
| Annual Per SF | $11.22 |
| Taxes | |
|---|---|
| Annual | $7,603 |
| Annual Per SF | $0.84 |
| Operating Expenses | |
|---|---|
| Annual | $18,300 |
| Annual Per SF | $2.01 |
| Total Expenses | |
|---|---|
| Annual | $25,903 |
| Annual Per SF | $2.85 |
| Net Operating Income | |
|---|---|
| Annual | $76,097 |
| Annual Per SF | $8.37 |
PROPERTY FACTS
| Price | $999,000 | Lot Size | 1.04 AC |
| Price Per Unit | $99,900 | Building Size | 3,682 SF |
| Sale Type | Investment | Average Occupancy | 85% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 4.35/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | T4-R | ||
| Price | $999,000 |
| Price Per Unit | $99,900 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.04 AC |
| Building Size | 3,682 SF |
| Average Occupancy | 85% |
| No. Stories | 1 |
| Year Built | 1954 |
| Parking Ratio | 4.35/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | T4-R |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | $1,000 | 300 |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $454,852 | |
| Land Assessment | $0 | Annual Taxes | $7,603 ($2.06/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$454,852
Annual Taxes
$7,603 ($2.06/SF)
Tax Year
2025
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1821 13th St W
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