935 15th St W - Apartments FOR SALE


Bradenton, FL 34205
$1,375,000 USD
813-559-2015
935 15th St W, Bradenton, FL for Sale
$1,375,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

935 15th St W
Bradenton, FL 34205


HIGHLIGHTS

  • 6-Unit Multifamily Community Located in Downtown Bradenton, FL
  • 6.5% Takeover Cap Rate with Adjusted Taxes and Full Expense Load
  • Additional Income Streams from Laundry Facility and Storage Units
  • Roofs Replaced in 2018; Water Heaters & AC Systems Replaced in 2023
  • Only 6-Minutes from Downtown Bradenton (0.9 Mi) Which Offers a Range of Dining, Shopping & Attractions
  • Nearby Entertainment Includes LECOM Park (0.6 Mi), Pier 22 (0.9 Mi), and The Bradenton Riverwalk (0.9 Mi)

OVERVIEW

15th Street Apartments presents an outstanding opportunity to acquire a well-maintained, income-generating multifamily asset in the heart of downtown Bradenton, Florida. This 6-unit community offers a desirable mix of one-, two-, and three-bedroom floorplans, appealing to a broad range of tenants and maximizing occupancy potential. With a strong takeover cap rate of 6.5% (adjusted for taxes and full expense load), investors can enjoy solid cash flow from day one, plus added revenue from an on-site laundry facility and rentable storage units. Recent capital improvements, including roofs replaced in 2018 and new water heaters and HVAC systems in 2023, ensure operational stability and reduced maintenance costs for years to come. Positioned just six minutes from downtown Bradenton, residents enjoy easy access to an array of dining, shopping, and entertainment options. Local highlights include LECOM Park—spring training home of the Pittsburgh Pirates—Pier 22, and the Bradenton Riverwalk, all within a 1.5-mile radius. The Sarasota-Bradenton metro area ranks among the top six fastest-growing regions in the U.S. with robust projected job growth, underscoring long-term rental demand. Additionally, major retailers such as Starbucks, Lowe’s, Publix, Walmart, Sam’s Club, Costco, and Ellenton Premium Outlets are just minutes away, along with quick access to Sarasota-Bradenton International Airport. This turnkey asset offers both immediate income and long-term upside in a thriving Florida market.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

6

PRICE/UNIT

$229,167

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15th Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

T-4O

APN/PARCEL ID

43748-0005-9

ASK ABOUT THIS PROPERTY

Cary BrownFranklin StreetMore Info
813-559-2015

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Cary BrownFranklin StreetMore Info
813-559-2015

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