1559 7th Ave W - Apartments FOR SALE


Bradenton, FL 34205
$1,399,000 USD
941-444-6160
1559 7th Ave W, Bradenton, FL for Sale
$1,399,000 USD
Apartments - FOR SALE
1/8
null | 7% Cap Rate

1559 7th Ave W
Bradenton, FL 34205


HIGHLIGHTS

  • Below Market Favorable Seller Financing w/ Potential Interest-Only Payments Available for Qualified Buyer
  • Attractive Townhome-Style Floorplans Featuring All 2-Bed / 1.5-Bath Units w/ Covered Carports & Private Laundry Rooms with W/D Hookups
  • All Units Updated w/ LVP Flooring, Granite Countertops, White Cabinetry, Stainless-Steel Appliances, Fresh Paint & Modern Bathroom Finishes
  • Water-View Balconies w/ Storage Space, and Sizable Rear Patio Areas w/ Yard-Space
  • Four New Central AC Systems in 2025 | Two Replaced in 2023/2019 | Roof Replaced in 2021
  • Rock-Solid 1975 Masonry Construction Consisting of 6-Units in 1 Building on 1 Parcel Totaling 0.26 Acres

OVERVIEW

***NEW PRICE ADJUSTMENT | POTENTIAL SELLER FINANCING | View Offering Memorandum Document for Details at MultifamilyFirm.com*** The Multifamily Firm is pleased to present the Edgewater Apartments, a renovated 6-unit multifamily asset featuring attractive townhome-style floorplans comprised entirely of 2-bedroom / 1.5-bathroom units. The property offers qualified buyers the potential for favorable seller financing at below-market terms, including possible interest-only payments. Following extensive improvements, including drywall replacement and interior restoration, all units have been updated with LVP flooring, granite countertops, white cabinetry, stainless-steel appliances, fresh paint, and modern bathroom finishes. Additionally, 4 new central AC systems were installed in 2025, with the remaining 2 replaced in 2023 & 2019 and the roof was recently replaced in 2021. Residents benefit from water-view balconies with storage space, sizable rear patio areas with yard space, covered carports, and private laundry rooms with washer/dryer hookups. Constructed of durable masonry in 1975, the property consists of 6 units in 1 building on a single 0.26-acre parcel, and offers additional upside potential with the implementation of RUBS or utility fees to further boost cash flow! For Seller Financing & Financial Details, View the Offering Memorandum Document and please email to schedule a call to discuss further!

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$193 USD /SF

# OF UNITS

6

PRICE/UNIT

$233,167

CAP RATE

7%

% 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

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

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

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