4530 27th W St Bradenton, FL 34207-1103
- Residential income homes
- 2,541 SF
- 0.50 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 4530 27th W St
- Year built
- 1978
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.50 lot acres
- Property size
- 2,541 SF
- Zone code
- RDD-6
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 52279.1005-5
- APU
- 5227910055
Description
This exceptional investment opportunity presents a fully occupied four-unit apartment building located at 4530 & 4534 27th St W, Bradenton, FL 34207. The property boasts a substantial 0.95-acre lot encompassing two duplex structures, each featuring two three-bedroom, two-bathroom units with a one-car garage. Three out of the four units have undergone recent renovations. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $69,732 and a compelling 6.64% capitalization rate. The asking price is $1,050,000. Individual utility meters are in place for each unit, simplifying management. The property's convenient location near major Bradenton corridors offers excellent potential for rental income and future appreciation. This multifamily investment is comprised of two separate parcels (APN: 5227900007 & 5227910055), providing added flexibility and potential for future development. The total square footage is 4,965. Showings are by appointment only, following the submission of a fully executed offer. Do not disturb tenants.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $320,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $320,000
- Mixed-Use
- $315,000
- Hospitality
- $325,000
- Educational
- $295,000
- Residential Income
- $370,000
- Energy
- $325,000
- Income-Based Land
- $365,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- Bradenton
- County
- Manatee
- State
- Florida
- Longitude
- -82.5893
- Latitude
- 27.4592
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA