1015 58th Ave Dr E Bradenton, FL 34203

Building Details

Year Built

1979

Listing office Mcbride Kelly & Associates Llc m***@mkarealty.com Show Phone

Listing date Feb 26, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

This stabilized multifamily asset features two identical, renovated units, each with 3 bedrooms and 2 bathrooms. The property is fully occupied and generates $43,200 in gross annual scheduled income. The estimated net operating income is approximately $30,770, reflecting a cap rate of approximately 7.8%. Both units are currently leased and performing, with rents at $1,800 per month per unit under standard residential leases. Tenants are responsible for water and utilities. A new roof was installed in 2023. The property is suitable for investors seeking stabilized yield in a multifamily asset, with potential exit and financing strategies including DSCR debt, long-term hold, or future owner-occupancy. It is also suitable for 1031 exchange, portfolio expansion, or house-hack strategy. The property size is 1988 square feet.

Key Highlights

• Strong in‑place cash flow with an estimated NOI of $30,770 and a ~7.8% in‑place cap rate.
• Two remodeled, fully occupied 3BR/2BA units providing immediate income.
• Tenant‑paid utilities create an efficient expense structure.

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FAQs

What type of property is this?

Duplex - Fully occupied duplex generating $43,200 gross annual income.

Where is this duplex located?

The property is located at 1015 58th Ave Dr E Bradenton, FL.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: Strong in‑place cash flow with an estimated NOI of $30,770 and a ~7.8% in‑place cap rate.; Two remodeled, fully occupied 3BR/2BA units providing immediate income.; Tenant‑paid utilities create an efficient expense structure.