Four-Unit Multifamily Condominium
New
For Sale
$150,000
4105 LAKE BAYSHORE Dr, Bradenton, FL 34205
Four condominium residences combine existing occupancy with one unit requiring complete restoration.
Property Size912 SF
Days on Market4
Property Features for 4105 LAKE BAYSHORE Dr
General Information
Standard status
Active
Size
912 SF
Property subtype
Investment
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Asking Price
$150,000
Taxes and HOA fees
Annual Taxes
$617
Building Details
Building Size
912 SF
Year Built
1975
Listing Agency:
(941) 807-7617
Listed By:
James Markey · License #3232341
(941) 807-7617
Source:
Elliman
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 5 at 10:23AM
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 James Markey
Investment Insights
Based on property information with market context.
This multifamily condominium offering comprises four separate two-bedroom, one-bath residences in a building constructed in 1975. Three units are currently rented, while the fourth requires full restoration. The residences are located at 4105 Lake Bayshore Drive #405, 4121 Lake Bayshore Drive #413, 4135 Lake Bayshore Drive #504, and 4075 Lake Bayshore Drive #306.
The condominium building permits occupancy by all ages and has no rental waiting period. The property is near shopping, restaurants, medical facilities, parks, IMG Academy, downtown Bradenton, and the beaches of Anna Maria Island. WalkScore is 50, BikeScore is 39, and TransitScore is 33, reflecting somewhat walkable, somewhat bikeable, and some-transit access.
The condominium building permits occupancy by all ages and has no rental waiting period. The property is near shopping, restaurants, medical facilities, parks, IMG Academy, downtown Bradenton, and the beaches of Anna Maria Island. WalkScore is 50, BikeScore is 39, and TransitScore is 33, reflecting somewhat walkable, somewhat bikeable, and some-transit access.
Key Highlights
- Four 2‑bedroom, 1‑bath condominium units
- Three units currently rented; fourth requires full restoration
- Residences at 4105, 4121, 4135, and 4075 Lake Bayshore Drive
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 | $21.2k | $23.28 |
| − Vacancy | −$1.2k | −$1.28 |
| EGI | $20.1k | $22.00 |
| − OpEx | −$9.0k | −$9.90 |
| NOI | $11.0k | $12.10 |
912 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$157.6K
$137.9K – $183.9K
NOI $11,035 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$268.2K
$234.7K – $312.9K
NOI $18,773 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four condominium residences combine existing occupancy with one unit requiring complete restoration.
Where is this multifamily property located?
The property is located at 4105 LAKE BAYSHORE Dr Bradenton, FL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath condominium units; Three units currently rented; fourth requires full restoration; Residences at 4105, 4121, 4135, and 4075 Lake Bayshore Drive
