407 62ND STREET W BRADENTON FL 34209 MLS #A4626611

407 62ND STREET W
BRADENTON, FL, 34209
$1,799,000
12 Beds
12 Baths
6,600 SqFt
0.49 Acres
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Highly profitable and extremely well-maintained multi-family income property located right off Manatee Ave West! The property is located in a very desirable area in close proximity to shops, restaurants, bus lines, to the Gulf Beaches. This (2) building, (6) unit apartment complex with a courtyard and private parking lot is an amazing opportunity for any investor ready to make a long-term profit instantly! Each unit is an 1100 Sq Ft, 2BR/2BA apartment with a screened in lanai and separate washer/dryer hook-up. All units are occupied and conterminously leased with several tenants who have been leasing for 10+ years. Significant improvements have been made over the last few years, the property has had both roofs replaced, a new fence, and almost all units have been renovated with new paint, new carpet, tile, fixtures, etc. In maintaining the property, we have provided all preventative maintenance, maintenance as needed, and ongoing improvements. This is a great property in an outstanding location with tenants that are long-term and reliable. The extreme rental supply shortage, coupled with the desirability of this property, is a fantastic opportunity! Block construction/shingle roofs. Individual metered for water and electricity. No Cast Iron Pipes. This positive cash flow investment, from day one of ownership, A “must-see” income property that rarely comes along! Sold “as is” with the right to inspect.

Property Details

Price:
$1,799,000
MLS #:
A4626611
Status:
Active
Beds:
12
Baths:
12
Address:
407 62ND STREET W
Type:
Single Family
Subtype:
1/2 Duplex
Subdivision:
CORAL HEIGHTS THIRD ADD
Neighborhood:
34209 – Bradenton/Palma Sola
City:
BRADENTON
Listed Date:
Oct 31, 2024
State:
FL
Finished Sq Ft:
6,600
Total Sq Ft:
6,600
ZIP:
34209
Lot Size:
21,331 sqft / 0.49 acres (approx)
Year Built:
1977
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Schools

Interior

Appliances
Range, Refrigerator
Bathrooms
12 Full Bathrooms
Cooling
Central Air
Flooring
Carpet, Tile
Heating
Central, Electric
Laundry Features
Inside, Laundry Room, Same Floor As Condo Unit, Washer Hookup

Exterior

Construction Materials
Block, Stucco
Exterior Features
Lighting, Sidewalk, Sliding Doors
Parking Features
Off Street, Open
Roof
Shingle

Financial

Tax Year
2022
Taxes
$10,825

Map

Community

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407 62ND STREET W
BRADENTON, FL