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311 58th Ave E 2 Unit Apartment Building $545,000 ($272,500/Unit) 7.34% Cap Rate Bradenton, FL 34203
Investment Highlights
- New ly renovated. New appliances and cabinets inside. New air conditioners and water heaters.
- 100% tenant occupied. 2 long term lease agreements in place.
- Beautiful coastal design with ocean life decorations and exotic plants.
Executive Summary
Newly renovated 2plex for sale. Great rental cash flow! $4,200 rental income per month. 2 long term lease agreements in place. 100% tenant occupied. Perfect opportunity for your investment income. Beautiful coastal design with ocean life decorations and exotic plants. New appliances and cabinets inside. New air conditioners and water heaters. Each newly renovated apartment features 3 bedrooms, 2 bathrooms, 1 living room and 1 laundry room and 990 sq.ft. 2 parking spaces and 1 fence separated back yard is assigned to each apartment. 3 year best Home Warranty plan for buyer’s protection is included into the purchase price. This investors' special turn key property will last you a long time !
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$50,280
|
$25.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$50,280
|
$25.39
|
| Taxes |
$4,267
|
$2.16
|
| Operating Expenses |
$6,000
|
$3.03
|
| Total Expenses |
$10,267
|
$5.19
|
| Net Operating Income |
$40,013
|
$20.21
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $50,280 |
| Annual Per SF | $25.39 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $50,280 |
| Annual Per SF | $25.39 |
| Taxes | |
|---|---|
| Annual | $4,267 |
| Annual Per SF | $2.16 |
| Operating Expenses | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $3.03 |
| Total Expenses | |
|---|---|
| Annual | $10,267 |
| Annual Per SF | $5.19 |
| Net Operating Income | |
|---|---|
| Annual | $40,013 |
| Annual Per SF | $20.21 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Window Coverings
Site Amenities
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $2,100 | 990 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 57989-0040-2 | Total Assessment | $270,195 (2025) |
| Land Assessment | $42,925 (2025) | Annual Taxes | $4,267 ($2.16/SF) |
| Improvements Assessment | $227,270 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
57989-0040-2
Land Assessment
$42,925 (2025)
Improvements Assessment
$227,270 (2025)
Total Assessment
$270,195 (2025)
Annual Taxes
$4,267 ($2.16/SF)
Tax Year
2026 Payable 2026
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Rental Harmony Management LLC
311 58th Ave E
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