Individually Metered Duplex
6520/6522 12TH W STREET Bradenton, FL 34207
6520/6522 12TH W STREET, Bradenton, FL, 34207
$440,000
For Sale
$440,000
Fully rented 2-bedroom, 1-bath duplex with separate electric and water meters on each unit.
Property Size1,500 SF
Price / SF$293.33
Days on Market437
Property Features for 6520/6522 12TH W STREET
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1976
Listing agency
KORMAN REALTY LLC
(954) 598-3277
Listed by
Michael Korman · License #3316647
(954) 598-3277
Source
Exitrealty
Added: May 12, 2025 Updated: Jul 21 at 7:23PM Checked: Jul 22 at 9:39AM
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
Investment Insights
Based on property information with market context.
This income-producing duplex includes two 2-bedroom, 1-bath units and totals 1,500 square feet of living space. The property is fully rented and features individual metering for electric and water, which supports straightforward, low-maintenance utility management.
The duplex is located at 6520/6522 12TH W STREET in Bradenton, Florida, and is situated in Flood Zone X. The property is also within a TIF zone, where tax increment is used to fund public improvements intended to support economic development and revitalization within the designated area.
The two neighboring duplexes to the north and south, also owned by the seller, are available for purchase, providing potential for an expanded portfolio based on availability and buyer preference.
The duplex is located at 6520/6522 12TH W STREET in Bradenton, Florida, and is situated in Flood Zone X. The property is also within a TIF zone, where tax increment is used to fund public improvements intended to support economic development and revitalization within the designated area.
The two neighboring duplexes to the north and south, also owned by the seller, are available for purchase, providing potential for an expanded portfolio based on availability and buyer preference.
Key Highlights
- Income‑producing duplex built in 1976, fully rented
- 2‑bed, 1‑bath units with 1,500 total SF living space
- Rents raised to $1,300 per side (each unit individually metered)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.7k | $19.80 |
| − Vacancy | −$1.6k | −$1.03 |
| EGI | $28.1k | $18.77 |
| − OpEx | −$8.4k | −$5.63 |
| NOI | $19.7k | $13.14 |
1,500 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully rented 2-bedroom, 1-bath duplex with separate electric and water meters on each unit.
Where is this duplex located?
The property is located at 6520/6522 12TH W STREET 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, fully rented; 2‑bed, 1‑bath units with 1,500 total SF living space; Rents raised to $1,300 per side (each unit individually metered)
