Cash-Flowing Duplex
216 60TH AVENUE W DRIVE Bradenton, FL 34207
216 60TH AVENUE W DRIVE, Bradenton, FL, 34207
$399,000
Pending
For Sale
$399,000
Pending
Fully occupied duplex with two 2-bedroom, 1-bath units, each leased through January 2026.
Property Size1,650 SF
Days on Market505
Property Features for 216 60TH AVENUE W DRIVE
General Information
- Standard status
- Pending
- Size
- 1,650 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1974
Listing agency
EXP REALTY LLC
(443) 398-1458
Listed by
Amy Schneider · License #3540629
(443) 398-1458
Source
Exitrealty
Added: Mar 3, 2025 Updated: Jul 21 at 4:36AM Checked: Jul 21 at 4:36AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This fully occupied duplex offers two separate 2-bedroom, 1-bath units, each currently leased through January 2026. Unit 216 has recent updates including a modern kitchen, refreshed bathroom, new paint, and hurricane-rated windows. The AC is described as approximately two years old, and the exterior has been freshly painted. The roof was completed in 2011.
The property is located in Bradenton, close to shops and restaurants, with a short drive to the beaches and the Sarasota airport. Both units have private fenced-in backyards, with separation by the fence for added privacy.
The duplex presents a turn-key, income-producing configuration with both units already in place and generating rental income under existing leases that must be honored.
The property is located in Bradenton, close to shops and restaurants, with a short drive to the beaches and the Sarasota airport. Both units have private fenced-in backyards, with separation by the fence for added privacy.
The duplex presents a turn-key, income-producing configuration with both units already in place and generating rental income under existing leases that must be honored.
Key Highlights
- Fully occupied duplex with two 2‑bedroom, 1‑bath units, both leased through January 2026 (leases must be honored).
- Monthly rents: Unit 216 at $1,800 and Unit 218 at $1,750.
- Unit 216 recently updated with a modern kitchen, refreshed bathroom, new paint, and hurricane‑rated windows.
Local Financial Insights For Multifamily LT 5
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 | $32.7k | $19.80 |
| − Vacancy | −$1.7k | −$1.03 |
| EGI | $31.0k | $18.77 |
| − OpEx | −$9.3k | −$5.63 |
| NOI | $21.7k | $13.14 |
1,650 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$309.6K
$270.9K – $361.3K
NOI $21,675 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$285.2K
$249.6K – $332.8K
NOI $19,965 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$485.2K
$424.6K – $566.1K
NOI $33,965 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully occupied duplex with two 2-bedroom, 1-bath units, each leased through January 2026.
Where is this duplex located?
The property is located at 216 60TH AVENUE W DRIVE 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: Fully occupied duplex with two 2‑bedroom, 1‑bath units, both leased through January 2026 (leases must be honored).; Monthly rents: Unit 216 at $1,800 and Unit 218 at $1,750.; Unit 216 recently updated with a modern kitchen, refreshed bathroom, new paint, and hurricane‑rated windows.
