2309 Manatee Ave W - Apartments FOR SALE


Bradenton, FL 34205
$5,200,000 USD
813-697-1475
2309 Manatee Ave W, Bradenton, FL for Sale
$5,200,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

2309 Manatee Ave W
Bradenton, FL 34205


HIGHLIGHTS

  • Value-Add Potential
  • Property & Unit Amenities
  • Desirable Location
  • Access to Area Amenities
  • Strong Higher Education Presence
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire Bradenton Palms, a 32-unit apartment community in Bradenton, Florida (the “Property”). Constructed in 1980, Bradenton Palms is a desirable asset in Bradenton’s north end. Positioned with convenient access to Sarasota Bay, the Manatee River, and Tampa Bay, Bradenton Palms contains one (1) single-story community building, four (4) two-story residential buildings and contains thirty-two (32), 2-Bedroom/1-Bathroom residential units with 28,800 rentable square feet on a 1.51-acre parcel of land. The professionally managed residential community features two points of community access, a swimming pool, picnic and grilling area, and a laundry facility. The community also offers ample on-site parking for residents. Located at 2309 Manatee Avenue West in Bradenton’s north end, the Property is located along SR 64, an integral east-west corridor and is convenient to the Downtown Commercial District. Bradenton Palms offers convenient access to both US Highway 301, the area’s primary commuter highway, and S Tamiami Trail (US Route 41), the area’s primary commercial corridor offering a wide array of shopping, dining, and grocery options, and several other state roads and highways. Bradenton’s downtown also features a plethora of employment and entertainment opportunities. Bradenton is positioned along the Manatee River and offers convenient access to the Gulf of Mexico, Sarasota, St. Petersburg, and Tampa. Bradenton is home to pristine beaches, and the surrounding area is continually ranked among the top travel destinations in the United States, funneling tourism dollars into the local economy.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

32

PRICE/UNIT

$162,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bradenton Palms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

R4

APN/PARCEL ID

44564-0021-9

ASK ABOUT THIS PROPERTY

Adam PodbelskiHorvath & TremblayMore Info
813-697-1475

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Adam PodbelskiHorvath & TremblayMore Info
813-697-1475

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