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INVESTMENT HIGHLIGHTS
- Property & Unit Amenities
- Access to Area Amenities
- Strong Demographics
- Desirable Location
- Strong Higher Education Presence
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire Oak Park Apartments, a 145-unit apartment community in Bradenton, Florida (the “Property”). Constructed in 1981, Oak Park Apartments, is a desirable asset in the Central Bradenton neighborhood of Bradenton. Positioned with convenient access to Sarasota Bay, the Manatee River, and Tampa Bay, Oak Park Apartments contains one (1) single-story community building, seven (7) two-story residential buildings and contains one-hundred forty-five (145) units comprising thirty-two (32), 1-Bedroom/1-Bathroom units, one-hundred twelve (112), 2-Bedroom/2- Bathroom units and one (1), large 2-Bedroom/2-Bathroom unit with 117,050 rentable square feet on a large 9.64-acre parcel of land. The professionally managed residential community features gated community access, a central courtyard with abundant green space, a swimming pool, picnic and grilling area, and a laundry facility. The community also offers ample on-site parking for residents. Located at 2019 5th Street West in Bradenton’s Central Bradenton neighborhood, the Property is located one block from S Tamiami Trail (US Route 41) and is convenient to the Downtown Commercial District. Oak Park Apartments is seconds from the junction of US Highway 301, the area’s primary commuter corridor, and S Tamiami Trail (US Route 41), the area’s primary commercial corridor offering a wide array of shopping, dining, and grocery options, and several other state roads and highways. Bradenton’s downtown also features a plethora of employment and entertainment opportunities. Bradenton is positioned along the Manatee River and offers convenient access to the Gulf of Mexico, Sarasota, St. Petersburg, and Tampa. Bradenton is home to pristine beaches, and the surrounding area is continually ranked among the top travel destinations in the United States, funneling tourism dollars into the local economy.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 9.64 AC |
| No. Units | 145 | Building Size | 117,050 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1981 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | R3A | ||
| Sale Type | Investment |
| No. Units | 145 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 9.64 AC |
| Building Size | 117,050 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1981 |
| Opportunity Zone |
Yes |
| Zoning | R3A |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Gated
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | - | 650 |
| 2+2 | 113 | - | 850 |
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Oak Park Apartments | 2019 5th St W
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