928 16th St W - Apartments FOR SALE


Bradenton, FL 34205
$595,000 USD
631-404-6060
928 16th St W, Bradenton, FL for Sale
$595,000 USD
Apartments - FOR SALE
1/7
null | 6.42% Cap Rate

928 16th St W
Bradenton, FL 34205


HIGHLIGHTS

  • Rare Multifamily Asset: Two-Bedroom House w/ Garage & 3-Unit Apartment Building on 1 Parcel
  • Consists of 4-Units, in 2 Buildings, on 1 Parcel Totaling 0.24 Acres
  • Value-Add Offering with Significant Upside on Rents | Non-Flood Zone Location (Zone X) Substantially Reducing Insurance Costs
  • Smart Investment Opportunity: Reside in House & Leverage 3-Unit Rents to Pay the Mortgage & Build Equity
  • House Separately Metered for Water/Sewer and Electric, w/ Tenants Paying Direct to Utility Provider
  • Within Minutes of Downtown Bradenton & the Riverwalk, a Scenic Waterfront Park with a Promenade, Playgrounds, Amphitheater, Splash Pad & More!

OVERVIEW

*** View OFFERING MEMORANDUM at MultifamilyFirm.com for Full Financial Information & Details!! *** The Multifamily Firm is pleased to present the 926 West Apartments, a rare multifamily asset in Bradenton, Florida, consisting of a House and a 3-unit Apartment Building on one parcel totaling 0.24 acres. Featuring a favorable unit mix of one, two-bed / two-baths, two, one-bed / one-baths, and one studio, the property provides a smart investment opportunity to reside in the housing unit while leveraging the rents from the 3-unit building to pay the mortgage & build equity. The house boasts solid masonry construction, an attached garage, central AC, a washer/dryer, a large fenced yard, and ample outdoor spaces. The rear building offers separate entrances for each unit, private outdoor areas, and coin-operated laundry. Located in a non-flood zone (Zone X) for reduced insurance costs, the property is just minutes from Downtown Bradenton and the area’s iconic waterfront destination, the Riverwalk. For full details & financial information, please view the property Offering Memorandum document at MultifamilyFirm.com

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

4

PRICE/UNIT

$148,750

CAP RATE

6.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

926 West Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R3A

APN/PARCEL ID

43810-0000-1

ASK ABOUT THIS PROPERTY

Phil GinexiThe Multifamily Firm, LLCMore Info
631-404-6060

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Phil GinexiThe Multifamily Firm, LLCMore Info
631-404-6060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.