4946 25Th St Bradenton, FL 34207
- Apartment buildings
- 5,350 SF
Current Use by Public Records
- Apartment buildings
Property Details for 4946 25Th St
- Year built
- 1979
- Property size
- 5,350 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a portfolio of five, fully leased, two-story townhomes located in the desirable Grand Oaks condominium community in Bradenton, Florida. Each unit boasts two bedrooms and 1.5 bathrooms, featuring modern kitchens and baths, in-unit laundry, private lanais, enclosed backyards, and two assigned parking spaces. The property offers a 7.28% capitalization rate with a Net Operating Income (NOI) of $63,715 on a total of 5,350 square feet of net rentable space, priced at $163.55 per square foot. The asking price for the entire portfolio is $875,000, or $175,000 per unit. Built in 1979, these well-maintained townhomes are situated within a gated community that provides a resort-like atmosphere, complete with a community pool and fitness center. The condominium association manages exterior maintenance, landscaping, trash removal, and water/sewer services, minimizing owner responsibilities. All units are currently occupied under annual leases, presenting a stable income stream with potential for future rental increases. The property features 5,720 square feet of air rights. This is a fee simple ownership. Detailed financial information is available upon request. A letter of intent is recommended, subject to inspections.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bradenton
- County
- Manatee
- State
- Florida
- Longitude
- -82.5869
- Latitude
- 27.454
