Side-by-Side Duplex with Private
For Sale
$399,000
1004 27TH Avenue W, Bradenton, FL 34205
Two side-by-side units each have private entrances, spacious living areas, and full kitchens.
Property Size900 SF
Price / SF$443.33
Days on Market227
Property Features for 1004 27TH Avenue W
General Information
Standard status
Active
Size
900 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1954
Tenancy
Multi
Listed By:
Rachelle Golden · License #3151050
(941) 538-8998
Source:
Michaelsaunders
Added: Mar 19
Changed: Oct 28
Last Checked: Oct 30 at 6:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rachelle Golden
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Investment Insights
Based on property information with market context.
This side-by-side duplex offers two separate units with private entrances, spacious living areas, and full kitchens. Unit A is configured with two bedrooms and two bathrooms, while Unit B features two bedrooms and one full bathroom. The current owner has not rented the units, allowing the next owner the option to begin rental operations immediately.
The property includes ample parking and benefits from a rear portion of the lot currently being utilized by a neighboring auto shop for vehicle parking. The expansive rear lot may support future development concepts, including potential expansion of the existing duplex or construction of additional units; any future development would require independent verification of zoning, permitting, and approvals with the appropriate county authorities.
The location provides convenient access to shopping, restaurants, Gulf Coast beaches, schools, medical facilities, and major roadways, and is also near LECOM Park, the Spring Training home of the Pittsburgh Pirates.
The property includes ample parking and benefits from a rear portion of the lot currently being utilized by a neighboring auto shop for vehicle parking. The expansive rear lot may support future development concepts, including potential expansion of the existing duplex or construction of additional units; any future development would require independent verification of zoning, permitting, and approvals with the appropriate county authorities.
The location provides convenient access to shopping, restaurants, Gulf Coast beaches, schools, medical facilities, and major roadways, and is also near LECOM Park, the Spring Training home of the Pittsburgh Pirates.
Key Highlights
- Side‑by‑side duplex built in 1954 with two private entrances for each unit.
- Unit A: 2 bedrooms and 2 bathrooms with a full kitchen and spacious living area.
- Unit B: 2 bedrooms and 1 full bathroom with a full kitchen and spacious living area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,823
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,460
$236.5K
Cap Rate 7%
$168,900
$168.9K
Cap Rate 9%
$131,367
$131.4K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$17.8K $19.80/SF
− Vacancy
−$930 −$1.03/SF
EGI
$16.9K $18.77/SF
− OpEx
−$5.1K −$5.63/SF
NOI
$11.8K $13.14/SF
Area
Manatee County, FL
Vacancy
5.22%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,460
Cap Rate 7%
$168,900
Cap Rate 9%
$131,367
Alternative Uses
Best Use
Multifamily LT 5
$168.9K
$147.8K – $197.1K
NOI $11,823 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$155.6K
$136.1K – $181.5K
NOI $10,890 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$264.7K
$231.6K – $308.8K
NOI $18,526 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
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Business Placement
Demographics for 34205, FL
33,789
Population
16,610
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
87%
High-School Grad
6.5 sq mi
ZIP Area
5,198
Density / Sq Mi
$51,170
Median Household Income
$37,037
Median Earnings
$1,323
Median Rent
$236,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side units each have private entrances, spacious living areas, and full kitchens.
Where is this duplex located?
The property is located at 1004 27TH Avenue W Bradenton, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1954 with two private entrances for each unit.; Unit A: 2 bedrooms and 2 bathrooms with a full kitchen and spacious living area.; Unit B: 2 bedrooms and 1 full bathroom with a full kitchen and spacious living area.
