1007 W 57th Ave W - Apartments FOR SALE


Bradenton, FL 34207
$5,400,000 USD
813-387-4754
1007 W 57th Ave W, Bradenton, FL for Sale
$5,400,000 USD
Apartments - FOR SALE
1/16
null | 6.41% Cap Rate

1007 W 57th Ave W
Bradenton, FL 34207


HIGHLIGHTS

  • Every Unit has a stackable washer and dryer, patios as well as water views for select units
  • Major renovations across the property including brand new roofs as well as exterior paint
  • Just a short drive from some of Florida’s most beautiful beaches including, Bradenton Beach, Longboat Key and Siesta Key
  • Assumable Loan with a blended rate under 5%

OVERVIEW

2008 vintage, townhome-style property. Unit Mix – All two bedroom one and one-half bath room at 967 square feet. Situated just seconds from multiple major retail corridors giving tenants easy access to employment, entertainment, shopping and easy access to the local schools. The fast growing metro of Northport-Bradenton-Sarasota is expected to continue to say strong population growth trends in conjunction with expected per capita incoming to increase 16% through 2027 (Institute of Economic Forecasting - UCF).

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$193 USD /SF

# OF UNITS

29

PRICE/UNIT

$186,207

CAP RATE

6.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rainbow Lake Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

64

LAND DETAILS

LAND ACRES

5.85 AC

LAND SF

255,000 SF

ZONING

RMF9

APN/PARCEL ID

58820-0180-9

ASK ABOUT THIS PROPERTY

Jason HagueMarcus & MillichapMore Info
813-387-4754

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

Jason HagueMarcus & MillichapMore Info
813-387-4754

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