Pool-Home
For Sale
$775,000
4415 60TH STREET W COURT, Bradenton, FL 34210
Separate living quarters provide flexible accommodation for guests, family, or rental use.
Property Size1,884 SF
Price / SF$411.36
Days on Market600
Property Features for 4415 60TH STREET W COURT
General Information
Standard status
Active
Size
1,884 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,611
Building Details
Year Built
2002
Listing Agency:
DALTON WADE INC
(727) 385-4625
Listed By:
Melissa Davis · License #3256225
(727) 385-4625
Source:
Exitrealty
Added: Jan 8, 2025
Changed: Aug 31
Last Checked: Aug 31 at 3:16PM
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 DALTON WADE INC
Investment Insights
Based on property information with market context.
This 1,884-square-foot duplex-style property, built in 2002, combines a three-bedroom, two-bath main residence with a separate one-bedroom, one-bath in-law suite. The primary home includes an open living area, while the suite offers its own entrance, living room, full kitchen, and fenced outdoor area. The property also features a screened lanai, heated pool, gazebo, and private fenced backyard. The pool was added in 2024, the A/C was replaced in 2023, and the roof was replaced in 2022.
Located at 4415 60th Street W Court in Bradenton, the property is 5 miles from the beaches and near shopping, restaurants, and hospitals. The main residence is operated as a short-term rental, and the in-law suite is leased month-to-month. There is no HOA, CDD, flood insurance requirement, or minimum rental requirement.
Located at 4415 60th Street W Court in Bradenton, the property is 5 miles from the beaches and near shopping, restaurants, and hospitals. The main residence is operated as a short-term rental, and the in-law suite is leased month-to-month. There is no HOA, CDD, flood insurance requirement, or minimum rental requirement.
Key Highlights
- 1,884‑square‑foot duplex‑style property built in 2002
- Main residence offers 3 bedrooms and 2 full bathrooms
- Separate 1‑bedroom, 1‑bath in‑law suite with private entrance and full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,749
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$494,980
$495.0K
Cap Rate 7%
$353,557
$353.6K
Cap Rate 9%
$274,989
$275.0K
Market Conditions
NOI Build-Up for 1,884 SF
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.
Gross rent
$37.3K $19.80/SF
− Vacancy
−$1.9K −$1.03/SF
EGI
$35.4K $18.77/SF
− OpEx
−$10.6K −$5.63/SF
NOI
$24.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$494,980
Cap Rate 7%
$353,557
Cap Rate 9%
$274,989
Alternative Uses
Best Use
Multifamily LT 5
$353.6K
$309.4K – $412.5K
NOI $24,749 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$325.7K
$285.0K – $379.9K
NOI $22,796 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$554.0K
$484.8K – $646.4K
NOI $38,782 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Explore this area
Business Placement
Demographics for 34210, FL
16,447
Population
11,870
Households
1.4
Avg Household Size
54
Median Age
37%
College-Educated
93%
High-School Grad
8.9 sq mi
ZIP Area
1,848
Density / Sq Mi
$64,306
Median Household Income
$37,216
Median Earnings
$1,552
Median Rent
$279,500
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?
Duplex - Separate living quarters provide flexible accommodation for guests, family, or rental use.
Where is this duplex located?
The property is located at 4415 60TH STREET W COURT Bradenton, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 1,884‑square‑foot duplex‑style property built in 2002; Main residence offers 3 bedrooms and 2 full bathrooms; Separate 1‑bedroom, 1‑bath in‑law suite with private entrance and full kitchen
