520 S Broadway Ave - Apartments FOR SALE


Bartow, FL 33830
$650,000 USD
863-557-3300
520 S Broadway Ave, Bartow, FL for Sale
$650,000 USD
Apartments - FOR SALE
1/34
null | 9.57% Cap Rate

520 S Broadway Ave
Bartow, FL 33830


HIGHLIGHTS

  • Well Maintained and upgraded
  • Walking and biking distance to Downtown Bartow
  • Charming Historic Area
  • Solid Income
  • Laundry income @ almost $100.00 a week with 2 washer and 2 dryer

OVERVIEW

An exceptional investment awaits at 520 Broadway in the thriving Bartow, FL. This 4,285 SF multifamily property presents a rare opportunity for investors looking to capitalize on an 8 year cash return on initial investment. Annual income is based on (3)- 2Bed/1bath units, (1) 1Bed/Bath unit, and (1) studio w full bath. Total income is $6,600 Month $79,000.00 annual. Utilities are included water and electric are a cost to Landlord at approximately $9,000 a year total. Plus Laundry income of almost $5,200 annual with 2 washer and 2 dryers. Ideally located in a vibrant neighborhood, the property benefits from proximity to local amenities, schools, and transportation hubs, ensuring high tenant demand and occupancy rates. The spacious units offer modern comforts and attract quality tenants, promising a steady income stream. As Bartow continues to expand, this property stands out as a strategic asset with significant appreciation potential. Don't miss your chance to invest in a dynamic and promising market!

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$152 USD /SF

# OF UNITS

5

PRICE/UNIT

$130,000

CAP RATE

9.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Broadway Inn

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

9 units or less

APN/PARCEL ID

25-30-08-000000-033170

ASK ABOUT THIS PROPERTY

Michael BrennerCentury 21 Myers RealtyMore Info
863-557-3300

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

Michael BrennerCentury 21 Myers RealtyMore Info
863-557-3300

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