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Sold for $562,500 on 12/01/22
  • $562,500

    1003 3rd St W, Bradenton, FL 34205

    1beds
    2baths
    1,968sqft
    Multi Family
    Built in 1949
    -- sqft lot
    $549,400 Zestimate®
    $286/sqft
    $1,582 Estimated rent

    What's special

    Income producing 5-PLEX...8.25% cap AS IT SITS, with significant upside. With a small rent bump you're in the 9 range, but also with the extreme upside of being in the downtown Bradenton corridor and prime for gentrification. It happening in all directions, not hard to find proof. A further bonus, it's in the Opportunity Zone for massive tax benefits longer term. All units are rented to happy tenants who wish to stay, This property is stable, and property management is avail for a reasonable rate if so desired. Tenants pay all utilities and are current with no delinquencies on file. Buy it, tuck it away for long term gains, and clip a coupon over 8% along the way. Easy as it gets.

    Zillow last checked: 7 hours ago

    Listing updated: March 13, 2023 at 01:08am

    Listing Provided by:

    Jason Skowronski 941-812-6090,

    COMPASS FLORIDA LLC 941-279-3630

    Bought with:

    Ray Ivory, 0699505

    RE/MAX FOXFIRE - HWY 40

    Source: Stellar MLS,MLS#: A4545835MLS LogoOriginating MLS: Port Charlotte

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    Heating
    • Central, Wall Units / Window Unit
    Cooling
    • Central Air, Wall/Window Unit(s)
    Features
    • Ceiling Fan(s)
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,968 sqft

    Property

    Features
    • Exterior features: Other
    Lot
    • Size: 5,184 sqft
    Details
    • Parcel number: 4289900005
    • Zoning: R3A R1D
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Block
    • Foundation: Stem Wall
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1949

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public

    Community & neighborhood

    Location
    • Region: Bradenton
    • Subdivision: 2765; SINGLETARY ET AL

    HOA & financial

    HOA
    • Has HOA: No
    Other fees
    • Pet fee: $0 monthly
    Other financial information
    • Total actual rent: 0

    Other

    Other facts
    • Listing terms: Cash,Conventional,Private Financing Available
    • Ownership: Fee Simple
    • Road surface type: Asphalt, Paved
    Services availability
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    Estimated market value

    $549,400