928 16th St W
Bradenton, FL 34205
Opportunity Zone Location! Price Reduction! · Multifamily Property For Sale · 4 Units

Located in an Opportunity Zone allowing for the ability to forego capital gains taxes after a 10-year hold! The 926 West Apartments consists of four total units, in two buildings, on one parcel of land just south of the Manatee River and downtown Bradenton. The property features One, large 2 bedroom / 2 bathroom unit at the front of the parcel, and Two, 1 bedroom / 1 bathroom units, & One, studio/efficiency unit, at the rear end of the parcel. Most of the tenants that reside at the property are stabilized, long-term tenants, that have consistently proven to be great tenants, by always paying rent on time, and taking care of their unit. Throughout the current ownership tenure, numerous updates have been performed to the property. In the house unit, a new refrigerator, shower door, shower head and exhaust fan were just installed last year. In 2014, the house unit was also updated with a new central AC system, and a new dishwasher. Unit 1 was recently updated with a new central AC system, refrigerator and dishwasher in 2017. Unit 2 had two new window AC units installed in September of 2016, and the carpeting was just replaced in March of this year. Unit 3 had a new window AC installed in July, new laminate flooring installed in September of 2016, and a new shower upgraded in late part of 2012. Lastly, the exterior of the property was equipped with a new coin-operated dryer in January of 2017, and a new roof on the rear structure was installed in April of 2012. All said, the 926 West Apartments is an amazing opportunity to acquire a stabilized & strong cash-flowing multifamily asset with professional 3rd party management already in place, that can be assumed or dismantled upon acquisition at the buyer discretion.