Income-Producing Duplex with Separate
6524/6526 12TH W STREET Bradenton, FL 34207
6524/6526 12TH W STREET, Bradenton, FL, 34207
$440,000
For Sale
$440,000
Fully rented 2-bed/1-bath duplex with separately metered electric and water for each unit.
Property Size1,500 SF
Price / SF$293.33
Days on Market437
Property Features for 6524/6526 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 11:24PM Checked: Jul 22 at 8:49AM
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.
Income-producing duplex located at 6524/6526 12TH W STREET, BRADENTON, FL 34207, featuring two fully rented 2 bed/1 bath units. The property totals 1,500 living square feet and provides separate utility metering, with electric and water separately metered for each unit.
The duplex is located within a TIF zone, where tax increment funds public improvements intended to support economic development and revitalization efforts within the designated area. It is also identified as being in Flood Zone X.
Neighboring duplexes to the north and south, also income-producing and under the same ownership, are available for purchase as well, providing an option for portfolio expansion.
The duplex is located within a TIF zone, where tax increment funds public improvements intended to support economic development and revitalization efforts within the designated area. It is also identified as being in Flood Zone X.
Neighboring duplexes to the north and south, also income-producing and under the same ownership, are available for purchase as well, providing an option for portfolio expansion.
Key Highlights
- Fully rented 2‑bed/1‑bath duplex, built in 1976
- 1,500 total living SF across both units
- Each unit has separately metered electric and water
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-bed/1-bath duplex with separately metered electric and water for each unit.
Where is this duplex located?
The property is located at 6524/6526 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: Fully rented 2‑bed/1‑bath duplex, built in 1976; 1,500 total living SF across both units; Each unit has separately metered electric and water
