Updated
New
For Sale
$490,000
6116 10TH STREET E, Bradenton, FL 34203
Both residences are occupied, and each includes an indoor laundry room and a split-bedroom layout.
Property Size1,992 SF
Price / SF$245.98
Days on Market5
Property Features for 6116 10TH STREET E
General Information
Standard status
Active
Size
1,992 SF
Property subtype
Duplex
Occupancy
100%
Financials
Asking Price
$490,000
Gross Income
$54,180
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
inside laundry room
Building Details
Year Built
1979
Listing Agency:
FINE PROPERTIES
(941) 782-0000
Listed By:
Lisa Flynn · License #3317173
(941) 900-6810
Source:
Endlesssummerrealty
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:23PM
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 FINE PROPERTIES
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Investment Insights
Based on property information with market context.
This 1,992-square-foot duplex in Bradenton contains two updated residences, each arranged with three bedrooms, two full bathrooms, an indoor laundry room, and a split-bedroom floor plan. The property was built in 1979, and a replacement roof was installed in 2022.
Both units are occupied by long-term tenants who have expressed interest in staying. The established tenancy and two-unit configuration are key features of this residential income property at 6116 10th Street E.
Both units are occupied by long-term tenants who have expressed interest in staying. The established tenancy and two-unit configuration are key features of this residential income property at 6116 10th Street E.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 1,992 square feet; built in 1979
- Roof installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,168
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,360
$523.4K
Cap Rate 7%
$373,829
$373.8K
Cap Rate 9%
$290,756
$290.8K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$39.4K $19.80/SF
− Vacancy
−$2.1K −$1.03/SF
EGI
$37.4K $18.77/SF
− OpEx
−$11.2K −$5.63/SF
NOI
$26.2K $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%
$523,360
Cap Rate 7%
$373,829
Cap Rate 9%
$290,756
Alternative Uses
Best Use
Multifamily LT 5
$373.8K
$327.1K – $436.1K
NOI $26,168 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$344.3K
$301.3K – $401.7K
NOI $24,103 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$585.8K
$512.6K – $683.4K
NOI $41,005 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 34203, FL
39,853
Population
20,709
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
87%
High-School Grad
15.5 sq mi
ZIP Area
2,571
Density / Sq Mi
$68,030
Median Household Income
$39,829
Median Earnings
$1,437
Median Rent
$302,500
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?
Duplex - Both residences are occupied, and each includes an indoor laundry room and a split-bedroom layout.
Where is this duplex located?
The property is located at 6116 10TH STREET E Bradenton, FL.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; 1,992 square feet; built in 1979; Roof installed in 2022
