Updated Duplex with Private
For Sale
$395,000
714 60TH Avenue W, Bradenton, FL 34207
Residential Income, BRADENTON, FL
Property Size1,512 SF
Lot Size0.21 Acres
Price / SF$261.24
Days on Market48
Property Features for 714 60TH Avenue W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RDD6
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Laundry Room, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1
Pets allowed
Yes
Interior features
Ceiling Fans(s)
Subdivision
SUNNY LAKES ESTATES
Directions
14th st E to 60th ave W
Standard status
Active
APN
6007400002
Size
1,512 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 111 SUNNY LAKES ESTATES PI#60074.0000/2
Tax Annual Amount
3662
Legal Description
LOT 111 SUNNY LAKES ESTATES PI#60074.0000/2
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private laundry rooms
fully fenced
Building Details
Year built
1972
Number of units
2
Building materials
Block
Roof type
Shingle
Listing Agency:
FINE PROPERTIES
(941) 782-0000
Listed By:
Patricia Ronderos · License #3047674
(941) 504-0381
Added: Jul 22
Changed: Sep 3
Last Checked: Sep 7 at 11:06AM
MLS# A4700813
Copyright © 2026 Sarasota Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,512-square-foot duplex, constructed in 1972, offers two residences with remodeled kitchens completed in 2023, tile flooring throughout, newer windows, and separate private laundry rooms. The building has block construction, a shingle roof, central heating, and central air. The roof was replaced in July 2022, the AC serving Unit #714 was replaced in 2024, and both electrical panels were replaced in July 2024.
Set on a 0.21-acre corner lot in Bradenton, the property is fully fenced and connected to public water and public sewer. Both units are currently rented. The property is identified with RDD6 zoning and includes two bathrooms, four bedrooms, ceiling fans, and dedicated laundry space.
Set on a 0.21-acre corner lot in Bradenton, the property is fully fenced and connected to public water and public sewer. Both units are currently rented. The property is identified with RDD6 zoning and includes two bathrooms, four bedrooms, ceiling fans, and dedicated laundry space.
Key Highlights
- Two‑unit duplex totaling 1,512 square feet on a 0.21‑acre corner lot
- Both residences are currently rented
- Remodeled kitchens completed in 2023 with tile flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,862
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$397,240
$397.2K
Cap Rate 7%
$283,743
$283.7K
Cap Rate 9%
$220,689
$220.7K
Market Conditions
NOI Build-Up for 1,512 SF
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.
Gross rent
$29.9K $19.80/SF
− Vacancy
−$1.6K −$1.03/SF
EGI
$28.4K $18.77/SF
− OpEx
−$8.5K −$5.63/SF
NOI
$19.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$397,240
Cap Rate 7%
$283,743
Cap Rate 9%
$220,689
Alternative Uses
Best Use
Multifamily LT 5
$283.7K
$248.3K – $331.0K
NOI $19,862 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$261.4K
$228.7K – $304.9K
NOI $18,295 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$444.6K
$389.1K – $518.7K
NOI $31,124 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fenced corner-lot property with remodeled kitchens, tile flooring, and current occupancy in both residences.
Where is this duplex located?
The property is located at 714 60TH Avenue W Bradenton, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,512 square feet on a 0.21‑acre corner lot; Both residences are currently rented; Remodeled kitchens completed in 2023 with tile flooring throughout
