1559 7th Ave W - Apartments FOR SALE


Bradenton, FL 34205
$1,677,777 USD
941-444-6160
1559 7th Ave W, Bradenton, FL for Sale
$1,677,777 USD
Apartments - FOR SALE
1/7
null | 6.05% Cap Rate

1559 7th Ave W
Bradenton, FL 34205


HIGHLIGHTS

  • Potential Seller Financing w/ Potential Interest-Only Payments for a Qualified Buyer
  • Attractive Two-Story Townhome-Style Floorplans | Featuring Superior 2-Bedroom / 1.5-Bathroom Units
  • All Units Updated w/ LVP Flooring, Granite Countertops, White Cabinetry, Stainless-Steel Appliances, Fresh Paint & Modern Bathroom Finishes
  • Substantial HVAC Upgrades Completed | Four Central AC's Replaced in 2025 | Two Replaced in 2023/2019
  • Water-View Balconies w/ Built-In Storage, and Sizable Rear Patio Areas w/ Yard-Space Potential | Covered Carports & Private Laundry Rooms
  • Rock-Solid 1975 Masonry Construction Consisting of 6-Units in 1 Building on 1 Parcel Totaling 0.26 Acres

OVERVIEW

View Offering Memorandum Document for Financial Details! The Multifamily Firm is pleased to present the Edgewater Apartments, a renovated 6-unit apartment building in Bradenton, Florida, being offered with potential favorable seller financing. Each unit features an attractive two-story townhome-style layout with 2-bedroom / 1.5-bathroom floorplans and has been updated with LVP flooring, granite countertops, white cabinetry, stainless-steel appliances, modern bathroom finishes & more! Mechanical upgrades further strengthen the asset, with four central AC systems replaced in 2025 and two additional systems replaced in 2023 and 2019. Edgewater Apartments offers a light value-add component through the ability to recapture water expense by implementing RUBS or utility fees, with additional upside through select cosmetic enhancements. Residents benefit from water-view balconies with built-in storage, sizable rear patios with yard-space conversion potential, covered carports, and private laundry rooms with W/D hookups; an elevated amenity package rarely found in a 6-unit property. Constructed in 1975 with solid masonry block, the property consists of one building on a 0.26-acre parcel, delivering a stabilized, updated, and well-located coastal multifamily investment with meaningful upside. View Offering Memorandum Document for Financial Details!

FOR SALE DETAILS

PRICE

$1,677,777 USD

PRICE/SF

$231 USD /SF

# OF UNITS

6

PRICE/UNIT

$279,630

CAP RATE

6.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Edgewater Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

BR T4-O

APN/PARCEL ID

33603-1000-1

ASK ABOUT THIS PROPERTY

Phil GinexiThe Multifamily Firm, LLCMore Info
941-444-6160

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Phil GinexiThe Multifamily Firm, LLCMore Info
941-444-6160

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