Multifamily Investment Opportunity in
904 33RD AVENUE E, Bradenton, FL 34208
- Added:
- Mar 25, 2026
- Days on Market:
- 60
- Last Refresh:
- May 23 at 9:06 pm
Property Features for 904 33RD AVENUE E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RDD6
- Bedrooms
- 90
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Driveway
- Interior features
- Open Floorplan
- Exterior features
- Private Yard, Sidewalk
- Standard status
- Pending
- APN
- 4732500959
- Size
- 30,240 SF
- Lot size
- 4.43 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 52842
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1984
- Number of units
- 30
- Flooring type
- Tile, Vinyl
- Building materials
- Block, Concrete
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Tito Urbano Perez License #3470017 (407) 907-0350
Listing office FLORIDA REALTY INVESTMENTS 3451 Technological Ave #11, Orlando, FL (407) 207-2220
Listing date Mar 25, 2026
MLS# TB8490564
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 30‑unit multifamily property consisting of fifteen concrete block duplex buildings.
- Spacious 3‑bedroom / 2‑bathroom units (approximately 1,008 sq ft) feature central air conditioning and washer/dryer hookups.
- Tenant‑paid utilities (electric and water) minimize landlord expenses.
- Located in Manatee County, near Downtown Bradenton, retail, and employment hubs.
- Concrete block construction with pitched shingle roofs and slab foundations.
- Each unit features a master bedroom with private back entrance and en‑suite bathroom.
Overview
The Cul De Sac Apartments, located at 904, 1007, 903 33rd Ave E, Bradenton, Florida, presents a multifamily investment opportunity. Constructed in 1984, the property comprises fifteen concrete block duplex buildings, totaling 30,240 square feet, situated on a 4.43-acre parcel. Each of the thirty units features a 3-bedroom, 2-bathroom layout, offering approximately 1,008 square feet of living space. Units are equipped with central air conditioning and washer/dryer hookups. The construction features concrete block with pitched shingle roofs and slab foundations. The floorplans include a master bedroom with a private back entrance and en-suite bathroom. Each unit has separate meters for electric and water, with tenants responsible for their usage. The landlord covers trash service. The property has city water and city sewer service. Located in Manatee County, the property is near Downtown Bradenton, retail areas, and employment centers. Its location also provides proximity to Sarasota and St. Petersburg. The property's tenant-paid utilities and large 3-bedroom floorplans make it an addition to any multifamily portfolio.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$4.07M
NOI $365,897 @ 9.00% cap · cautious / downside scenario
Moderate
$5.23M
NOI $365,897 @ 7.00% cap · market / base-case scenario
Aggressive
$7.32M
NOI $365,897 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $704.0k | $23.28 |
| − Vacancy | −$38.7k | −$1.28 |
| EGI | $665.3k | $22.00 |
| − OpEx | −$299.4k | −$9.90 |
| NOI | $365.9k | $12.10 |
30,240 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$5.23M
$4.57M – $6.10M
NOI $365,897 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.89M
$7.78M – $10.37M
NOI $622,484 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Bradenton
- County
- Manatee
- State
- Florida
- Longitude
- -82.554062
- Latitude
- 27.470731
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 30-unit multifamily property with tenant-paid utilities and spacious floorplans.
Where is this apartment building located?
The property is located at 904 33RD AVENUE E Bradenton, FL.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: 30‑unit multifamily property consisting of fifteen concrete block duplex buildings.; Spacious 3‑bedroom / 2‑bathroom units (approximately 1,008 sq ft) feature central air conditioning and washer/dryer hookups.; Tenant‑paid utilities (electric and water) minimize landlord expenses.
