Downtown Bradenton Apartment
603 /729 6th Ave W, Bradenton, FL 34205
For Sale
$800,000
Income property with four studio units and four two-bedroom, one-bath apartments in Downtown Bradenton.
Property Size2,912 SF
Price / SF$274.73
Days on Market110
Property Features for 603 /729 6th Ave W
General Information
Standard status
Size
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
ALL BROKERS REALTY, INC.
Listed By:
Sam Watkins, PA
(941) 714-0555
Source:
Whitesandsfl
Added: Jul 23
Changed: Nov 2
Last Checked: Nov 8 at 8:52AM
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 ALL BROKERS REALTY, INC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment building contains 4 studio apartments and 4 two-bedroom, 1-bath units, creating a 8-unit residential income configuration.
The property is located in Downtown Bradenton and is described as being convenient to government offices, restaurants, and retail.
Each unit type is clearly defined as studios and two-bedroom, one-bath apartments, offering a straightforward tenant mix within a compact building size.
The property is located in Downtown Bradenton and is described as being convenient to government offices, restaurants, and retail.
Each unit type is clearly defined as studios and two-bedroom, one-bath apartments, offering a straightforward tenant mix within a compact building size.
Key Highlights
- Income property built in 1946
- 4 studio apartments plus 4 two‑bedroom, 1‑bath units
- Located in Downtown Bradenton near government offices, restaurants, and retail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,235
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,700
$704.7K
Cap Rate 7%
$503,357
$503.4K
Cap Rate 9%
$391,500
$391.5K
Market Conditions
NOI Build-Up for 2,912 SF
Gross rent
$67.8K $23.28/SF
− Vacancy
−$3.7K −$1.28/SF
EGI
$64.1K $22.00/SF
− OpEx
−$28.8K −$9.90/SF
NOI
$35.2K $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%
$704,700
Cap Rate 7%
$503,357
Cap Rate 9%
$391,500
Alternative Uses
Best Use
Apartment 5plus
$503.4K
$440.4K – $587.3K
NOI $35,235 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$856.3K
$749.3K – $999.1K
NOI $59,943 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,707
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
$236,900
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Manatee County, FL
Properties on Market for Apartment buildings in Manatee County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Income property with four studio units and four two-bedroom, one-bath apartments in Downtown Bradenton.
Where is this apartment building located?
The property is located at 603 /729 6th Ave W Bradenton, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Income property built in 1946; 4 studio apartments plus 4 two‑bedroom, 1‑bath units; Located in Downtown Bradenton near government offices, restaurants, and retail
