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1912-2002 7th Ave W
Bradenton, FL 34205
Royal Palm Apartments · Multifamily Property For Sale · 28 Units

INVESTMENT HIGHLIGHTS

  • Significant potential for growth, with a clear pathway to a 7.95% cap rate by the second year
  • Renovated units include updated appliances, new cabinets, modern light fixtures, countertops, and sinks
  • 1.4 miles from Manatee Memorial Hospital
  • Property features an interior corridor design
  • Situated just 1 mile from downtown Bradenton
  • Average household income within a five-mile radius is $69,988

PROPERTY FACTS

No. Units 28
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 1.04 AC
Building Size 20,296 SF
No. Stories 2
Year Built 1925
Parking Ratio 1.72/1,000 SF
Zoning R3A - designates areas for high-density multiple-family residential development.

AMENITIES

UNIT AMENITIES

  • Tile Floors
  • Hardwood Floors
  • Tub/Shower

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 10 - 500
1+1 17 - 600
2+1 1 - 800

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 34271-0000-7
  • 34240-0000-2
  • 34268-0000-3
Land Assessment
$306,000
Improvements Assessment
$1,256,974
Total Assessment
$1,798,015
  • Listing ID: 34757258

  • Date on Market: 2/7/2025

  • Last Updated:

  • Address: 1912-2002 7th Ave W, Bradenton, FL 34205

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