406 11th St W | Palmetto, FL 34221
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406 11th St W
Palmetto, FL 34221
Thomasville Apartments (63-Units) · Multifamily Property For Sale
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63 Units
Investment Highlights
- With Cap Ex Budget Built-In 11.02-16.90% Cash-on-Cash Return in Year 1-3 | With Cap Ex Budget Built-In CAP Rate of 8.70-10.24% in Year 1-3
- All Utilities Separately Metered & Paid by Tenants | Concrete Block Construction w/ Masonry Exterior & Interior Walls
- 3-Mins from the Bradenton Area Convention Center Undergoing $48M Expansion with a Future 252-Room Premium Upscale Marriot Hotel
- 63-Units for $119K/Unit | Exceptional Value Add Opportunity w/ Upside Over $425/Month/Unit | 100% Two Bedroom Units w/ Two Similar Floorplans
- Non-Flood Zone Location (Zone X) | Within 5-Mins of Waterfront, Manatee Memorial, a 295-Bed Hospital, The "Riverwalk" in Downtown Bradenton
- 10-Mins from the Sunshine Skyway Bridge, Interstate 75, Ellenton Ice Complex & Ellenton Premium Outlets
Property Facts
| No. Units | 63 | Lot Size | 3.48 AC |
| Property Type | Multifamily | Building Size | 38,784 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1982/2023 |
| Building Class | C | Parking Ratio | 3.25/1,000 SF |
| Zoning | RM6 - RM6 Multifamily | ||
| No. Units | 63 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.48 AC |
| Building Size | 38,784 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1982/2023 |
| Parking Ratio | 3.25/1,000 SF |
| Zoning | RM6 - RM6 Multifamily |
Property Taxes
| Parcel Number | 26316-0000-0 | Improvements Assessment | $4,937,625 |
| Land Assessment | $1,204,875 | Total Assessment | $6,142,500 |
Property Taxes
Parcel Number
26316-0000-0
Land Assessment
$1,204,875
Improvements Assessment
$4,937,625
Total Assessment
$6,142,500
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