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Morningside Condos Portfolio 2906 62nd St W 8 Unit Apartment Building $1,500,000 ($187,500/Unit) 7.05% Cap Rate Bradenton, FL 34209
Executive Summary
8 unit multi family condo sale in the Morningside Condo complex. All currently leased and tenanted.
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $187,500 | Lot Size | 3.00 AC |
| Sale Type | Investment | Building Size | 5,776 SF |
| Cap Rate | 7.05% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parcel Number | 51110-1058-9 |
| Price | $1,500,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 7.05% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 3.00 AC |
| Building Size | 5,776 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1984 |
| Parcel Number | 51110-1058-9 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $1,725 | - |
| 2+2 | 3 | $1,875 | - |
| 1+1 | 2 | $1,653 | - |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
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Morningside Condos Portfolio | 2906 62nd St W
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