Fully Rented 2-Bed
For Sale
$440,000
6520 /6522 12th St W, Bradenton, FL 34207
Income-producing duplex in Bradenton with individually metered electric and water and two 2-bedroom, 1-bath units.
Property Size1,500 SF
Price / SF$293.33
Days on Market134
Property Features for 6520 /6522 12th St W
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1976
Tenancy
Multi
Listing Agency:
KORMAN REALTY LLC
Listed By:
Michael Korman · License #3316647
(954) 598-3277
Source:
Whitesandsfl
Added: Jun 17
Changed: Oct 25
Last Checked: Oct 7 at 5:07PM
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 KORMAN REALTY LLC
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Investment Insights
Based on property information with market context.
This income-producing duplex offers two separate 2-bedroom, 1-bath units with a total of 1,500 sq. ft. of living space. Both sides are currently fully rented. Electric and water are individually metered, which can help simplify ongoing utility management. The property is also described as being in Flood Zone X.
Located at 6520 12th St W in Bradenton, the duplex is situated within a TIF zone, where tax increment proceeds are used to fund public improvements within the designated area. The seller also notes that two neighboring duplexes to the north and south are available for purchase.
For tenants or operators, the unit mix provides two similar residential layouts under one ownership structure, with separate metering for each side. For buyers, the duplex is positioned as a turn-key option with occupancy already in place, alongside the potential to acquire adjacent duplexes owned by the same seller.
Located at 6520 12th St W in Bradenton, the duplex is situated within a TIF zone, where tax increment proceeds are used to fund public improvements within the designated area. The seller also notes that two neighboring duplexes to the north and south are available for purchase.
For tenants or operators, the unit mix provides two similar residential layouts under one ownership structure, with separate metering for each side. For buyers, the duplex is positioned as a turn-key option with occupancy already in place, alongside the potential to acquire adjacent duplexes owned by the same seller.
Key Highlights
- Income‑producing duplex built in 1976 in Bradenton; fully rented with two units
- 2 bed / 1 bath per side with 1,500 total SF of living space
- Rents increased to $1,300 per side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,705
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,100
$394.1K
Cap Rate 7%
$281,500
$281.5K
Cap Rate 9%
$218,944
$218.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$29.7K $19.80/SF
− Vacancy
−$1.6K −$1.03/SF
EGI
$28.1K $18.77/SF
− OpEx
−$8.4K −$5.63/SF
NOI
$19.7K $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 Rate 5%
$394,100
Cap Rate 7%
$281,500
Cap Rate 9%
$218,944
Alternative Uses
Best Use
Multifamily LT 5
$281.5K
$246.3K – $328.4K
NOI $19,705 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$259.3K
$226.9K – $302.5K
NOI $18,150 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$441.1K
$386.0K – $514.6K
NOI $30,877 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
553
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 - Income-producing duplex in Bradenton with individually metered electric and water and two 2-bedroom, 1-bath units.
Where is this duplex located?
The property is located at 6520 /6522 12th St W Bradenton, FL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Income‑producing duplex built in 1976 in Bradenton; fully rented with two units; 2 bed / 1 bath per side with 1,500 total SF of living space; Rents increased to $1,300 per side
