Updated Condo in Raintree
2901 26TH W STREET 320 Bradenton, FL 34205
2901 26TH W STREET 320, Bradenton, FL, 34205
$210,000
For Sale
$210,000
Updated 2 bed, 2 bath condo near beaches and amenities.
Property Size940 SF
Price / SF$223.40
Days on Market613
Property Features for 2901 26TH W STREET 320
General Information
- Standard status
- Active
- Size
- 940 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1975
Listing Agency
KELLER WILLIAMS ON THE WATER
(941) 807-3565
Listed by
Kathy Cahill · License #3288864
(941) 807-3565
Source
Exitrealty
Added: Nov 15, 2024 Updated: Jul 6 at 12:11 pm Checked: Jul 19 at 5:01 am
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 KELLER WILLIAMS ON THE WATER
Investment Insights
Based on property information with market context.
This updated 2-bedroom, 2-bath condo is located in the Raintree community. The property is situated approximately 7 miles from both Bradenton Beach and Manatee Beach, and offers convenient access to SRQ Airport, IMG Academies, and local schools. The condo features an open floor plan and a screened patio suitable for relaxation. Community amenities include a heated pool, community room, library, and sauna. Security features include a locked building entrance, new impact windows, and a patio door. The kitchen is equipped with granite counters, new cabinetry, and stainless steel appliances. A breakfast bar separates the kitchen and living room. Both bathrooms have been updated, and new laminate flooring and baseboards have been installed throughout the unit. The primary suite accommodates a king bed and includes a walk-in closet and a large primary bath. Fresh paint has been applied in all rooms. The building is not age-restricted and allows small pets. The property is suitable as a vacation property or a permanent residence.
Key Highlights
- Updated 2 bedroom, 2 bath condo with new impact windows and patio door.
- Convenient location: just 7 miles to Bradenton Beach or Manatee Beach, and a short ride to SRQ Airport, IMG Academies, and top‑rated schools.
- Updated kitchen features granite counters, new cabinetry, and newer stainless steel appliances.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.9k | $23.28 |
| − Vacancy | −$1.2k | −$1.28 |
| EGI | $20.7k | $22.00 |
| − OpEx | −$9.3k | −$9.90 |
| NOI | $11.4k | $12.10 |
940 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$162.5K
$142.2K – $189.6K
NOI $11,374 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$276.4K
$241.9K – $322.5K
NOI $19,350 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Raintree Condominiums
Condominium Complex
Safe Water Planet ...
Home Appliance Store
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FAQs
What type of property is this?
Residential income property - Updated 2 bed, 2 bath condo near beaches and amenities.
Where is this residential income property located?
The property is located at 2901 26TH W STREET 320 Bradenton, FL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Updated 2 bedroom, 2 bath condo with new impact windows and patio door.; Convenient location: just 7 miles to Bradenton Beach or Manatee Beach, and a short ride to SRQ Airport, IMG Academies, and top‑rated schools.; Updated kitchen features granite counters, new cabinetry, and newer stainless steel appliances.
