Duplex with Private
For Sale
$425,000
Pending
2204 54th Avenue Dr W, Bradenton, FL 34207
Two spacious residences offer private garage parking, flexible leases, and fenced outdoor areas.
Property Size2,310 SF
Days on Market59
Property Features for 2204 54th Avenue Dr W
General Information
Standard status
Pending
Size
2,310 SF
Property subtype
Multi-Family
Building Details
Year Built
1978
Listing Agency:
RE/MAX Palm Realty Of Venice
(941) 451-2025
Listed By:
Client Concierge
(941) 822-0708
Source:
Dwellingwell
Added: Sep 4
Changed: Oct 31
Last Checked: Nov 1 at 5:12AM
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 RE/MAX Palm Realty Of Venice
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Investment Insights
Based on property information with market context.
This 2,310-square-foot duplex contains two generously sized residences, each with three bedrooms, two bathrooms, a dedicated washer and dryer closet, linen storage, and an eat-in kitchen with space for a full dining table. Each unit also has its own full garage. The property sits on a 12,000-square-foot lot with a fully fenced backyard.
Built in 1978 with block construction over a concrete slab, the building has a roof replaced in 2010 and two A/C units replaced within the last five years. Both residences are occupied by long-term tenants on month-to-month leases, providing lease flexibility for an investor or owner-occupant. The property is located at 2204 54th Avenue Dr W in Bradenton, Florida.
Built in 1978 with block construction over a concrete slab, the building has a roof replaced in 2010 and two A/C units replaced within the last five years. Both residences are occupied by long-term tenants on month-to-month leases, providing lease flexibility for an investor or owner-occupant. The property is located at 2204 54th Avenue Dr W in Bradenton, Florida.
Key Highlights
- 2,310‑square‑foot duplex on a 12,000‑square‑foot lot
- Each unit includes a full garage
- Both residences offer 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,345
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,900
$606.9K
Cap Rate 7%
$433,500
$433.5K
Cap Rate 9%
$337,167
$337.2K
Market Conditions
NOI Build-Up for 2,310 SF
Gross rent
$45.7K $19.80/SF
− Vacancy
−$2.4K −$1.03/SF
EGI
$43.4K $18.77/SF
− OpEx
−$13.0K −$5.63/SF
NOI
$30.3K $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 Rate 5%
$606,900
Cap Rate 7%
$433,500
Cap Rate 9%
$337,167
Alternative Uses
Best Use
Multifamily LT 5
$433.5K
$379.3K – $505.8K
NOI $30,345 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$399.3K
$349.4K – $465.8K
NOI $27,950 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$679.3K
$594.4K – $792.5K
NOI $47,551 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
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Business Placement
Demographics for 34207, FL
35,281
Population
19,411
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
84%
High-School Grad
6.2 sq mi
ZIP Area
5,690
Density / Sq Mi
$49,162
Median Household Income
$33,035
Median Earnings
$1,270
Median Rent
$122,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two spacious residences offer private garage parking, flexible leases, and fenced outdoor areas.
Where is this duplex located?
The property is located at 2204 54th Avenue Dr W Bradenton, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,310‑square‑foot duplex on a 12,000‑square‑foot lot; Each unit includes a full garage; Both residences offer 3 bedrooms and 2 bathrooms
