5518 25TH ST W Bradenton, FL 34207
15,340 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,340 sqft
Price per Sqft $228
Subdivision Acreage
MLS Listing ID A4656187
HOA Y/N No
Year Built 1969
Annual Tax Amount $20,269
Lot Size 2.120 Acres
Acres 2.12
Lot Dimensions 300x308
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
This investment opportunity consists of a 20 unit / 10 duplex one story multifamily community located on a 2.12 +/- acre parcel in Bradenton, Fl. The RDD-6 zoned oversized lot is 300 feet by 308 feet deep and comprises 92,399 sf +/-. RDD-6 Residential Duplex District allows for medium density residential uses of single family and duplex development of 6 units per acre. All duplex apartments are two bedroom, one bathroom units. Each duplex building is 1,534 sf and each unit is 767 sf. The buildings are concrete block construction built in 1975. See attachment for Manatee County building permits issued on the property. This property offers immediate income with future remodeling or redevelopment potential. The property remains fully leased. Current NOI of the property is $ 234,146.00. See attachment for Income and expense spreadsheet. The property is located conveniently to shops, restaurants, offices and other amenities. The property is less than 2 miles to IMG, 1 mile to Detweilers, and a short drive to SR 70 and Tamiami Trail.
Location
State FL
County Manatee
Community Acreage
Area 34207 - Bradenton/Fifty Seventh Avenue
Zoning RDD6
Direction W
Interior
Cooling Central Air
Building
Story 1
Foundation Slab
Lot Size Range 2 to less than 5
Structure Type Block
New Construction false
Others
Ownership Corporation
Special Listing Condition None
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