Bradenton, FL 34209,407 62ND ST W
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Bradenton, FL 34209,407 62ND ST W
Bradenton, FL 34209,407 62ND ST W
Bradenton, FL 34209,407 62ND ST W
Bradenton, FL 34209,407 62ND ST W

$1,255,000

Est. payment /mo

$1,350,000

7.0%
Est.Price: ?

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407 62ND ST W Bradenton, FL 34209

12 Beds

12 Baths

6,600 SqFt

SOLD DATE : 06/19/2023

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

Garage Off Street, Open

Utilities Available Public

Waterfront false

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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Stellar MLS
Listed by SAVVY AVENUE, LLC
Bought with STELLAR NON-MEMBER OFFICE

Richard Hehl

Broker Associate | License ID: 3000622

+1(727) 458-3463

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