16-Unit Furnished
New
For Sale
$5,995,000
2704 49TH Avenue W, Bradenton, FL 34207
A furnished hospitality property with a heated swimming pool and a mix of two- and three-bedroom accommodations.
Property Size15,812 SF
Lot Size2.03 Acres
Price / SF$379.14
Days on Market6
Property Features for 2704 49TH Avenue W
General Information
Standard status
Active
Size
15,812 SF
Lot size
2.03 Acres
Property subtype
Commercial
Units
Unit Mix
12 x 2BR/2BA, 4 x 3BR/2BA
Multifamily Units
16
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
heated swimming pool
Building Details
Year Built
2025
Buildings
2
Listing Agency:
COMPASS FLORIDA LLC
Listed By:
Cash Ealey · License #3357166
(813) 230-2447
Source:
Realtygroupfl
Added: Oct 18
Changed: Oct 21
Last Checked: Oct 21 at 2:08AM
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 COMPASS FLORIDA LLC
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Investment Insights
Based on property information with market context.
Cedar Run Resort is a furnished short-term rental property with 16 units across two buildings totaling approximately 15,812 square feet. The unit mix includes 12 two-bedroom, two-bath units and four three-bedroom, two-bath units. Building 1 was renovated between 2020 and 2022, and Building 2 was completed in 2025. The grounds include a heated swimming pool and landscaped areas; the property occupies approximately 2.03 acres.
Located in Bradenton, the resort is near beaches, shopping, dining, and major transportation corridors.
Located in Bradenton, the resort is near beaches, shopping, dining, and major transportation corridors.
Key Highlights
- 16 furnished short‑term rental units across two buildings
- Unit mix: 12 two‑bedroom/two‑bath units and four three‑bedroom/two‑bath units
- Two buildings totaling approximately 15,812 square feet on approximately 2.03 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,322
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,826,440
$3.8M
Cap Rate 7%
$2,733,171
$2.7M
Cap Rate 9%
$2,125,800
$2.1M
Market Conditions
NOI Build-Up for 15,812 SF
Gross rent
$368.1K $23.28/SF
− Vacancy
−$20.2K −$1.28/SF
EGI
$347.9K $22.00/SF
− OpEx
−$156.5K −$9.90/SF
NOI
$191.3K $12.10/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,826,440
Cap Rate 7%
$2,733,171
Cap Rate 9%
$2,125,800
Alternative Uses
Best Use
Apartment 5plus
$2.73M
$2.39M – $3.19M
NOI $191,322 @ 7.0% cap · market cap 3.19%
Second Best
Hotel Hospitality
$869.1K
$760.5K – $1.01M
NOI $60,837 @ 7.0% cap · market cap 1.01%
Theoretical Best
Office A
$4.65M
$4.07M – $5.42M
NOI $325,487 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
16
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
954
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Resort - A furnished hospitality property with a heated swimming pool and a mix of two- and three-bedroom accommodations.
Where is this resort located?
The property is located at 2704 49TH Avenue W Bradenton, FL.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: 16 furnished short‑term rental units across two buildings; Unit mix: 12 two‑bedroom/two‑bath units and four three‑bedroom/two‑bath units; Two buildings totaling approximately 15,812 square feet on approximately 2.03 acres
