1015 58Th Avenue Dr E Bradenton, FL 34203

1,988 SF Built 1979

Property ID

US18-8954744

$395,000 1,988 SF

1015 58Th Avenue Dr E, Bradenton, FL 34203
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Stabilized small-multifamily asset consisting of two (2) identical 3-bedroom / 2-bathroom units, both renovated and fully occupied. The property benefits from strong in-place cash flow, tenant-paid utilities, and limited near-term capital exposure following a new roof installation in 2023. The asset generates $43,200 in gross annual scheduled income with an estimated NOI of approximately $30,770 after a conservative 5% vacancy allowance, reflecting a ~7.8% in-place cap rate at the $395,000 asking price. Lease Structure: • Both units are currently leased and performing • Rents at $1,800/month per unit • Standard residential leases • Tenants pay water and utilities • Owner-managed; no management expense reflected This offering represents a compelling entry point for investors seeking stabilized yield in a sub-$400K multifamily asset, with multiple exit and financing strategies including DSCR debt, long-term hold, or future owner-occupancy. Investment Highlights: • Two remodeled 3BR/2BA units with identical layouts • Fully occupied, in-place income from day one • New roof (2023) limits capex risk • Efficient expense structure with tenant-paid utilities • Suitable for 1031 exchange, portfolio expansion, or house-hack strategy