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407 62ND ST W Bradenton, FL 34209
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Key Details
Sold Price $1,255,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,600 sqft
Price per Sqft $190
Subdivision Coral Heights Third Add
MLS Listing ID A4565890
Sold Date 06/19/23
Bedrooms 12
HOA Y/N No
Originating Board Stellar MLS
Year Built 1977
Annual Tax Amount $10,825
Lot Size 0.490 Acres
Acres 0.49
Property Description
Highly profitable and extremely well-maintained multi-family income property located right off Manatee Ave West! The property is located in a very desirable area within walking distance to shops, restaurants, bus lines and close to the Gulf Beaches. This (2) building, (6) unit apartment complex with courtyard and private parking lot is an amazing opportunity for any investor ready to make a long-term profit instantly! Each unit is an 1100 Sq Ft, 2BR/2BA apartment with screened in lanai and separate washer/dryer room. All units are occupied and co-terminously leased with several tenants who have been leasing for 10+ years. Significant improvements have been made over the last few years, the property has had both roofs replaced, a new fence and almost all units have been renovated with new paint, new carpet, tile, fixtures, etc. In maintaining the property, we have provided all preventative maintenance, maintenance as needed and ongoing improvements over the years of ownership. This is a great property in an outstanding location with tenants that are long-term and reliable. The extreme rental supply shortage, coupled with the desirability of this property, is a fantastic opportunity! This positive cash flow investment, from day one of ownership, will sell quickly. As a "must see" income property that rarely comes along, don't delay and schedule a showing before an exceptional opportunity is sold! Sold "as is" with the right to inspect.
Location
State FL
County Manatee
Community Coral Heights Third Add
Zoning GC
Direction W
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Window Treatments
Heating Central
Cooling Central Air
Flooring Carpet, Tile
Fireplace false
Appliance Dishwasher, Disposal, Range, Refrigerator
Exterior
Exterior Feature Lighting, Sidewalk, Sliding Doors
Parking Features Off Street, Open
Utilities Available Public
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description City Limits, Level, Near Public Transit, Sidewalk, Paved
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block, Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with STELLAR NON-MEMBER OFFICE
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