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VIEW PHOTOS
$4,400,000

Units 912A-1018B 60TH AVENUE TER W

48 Beds 24 Baths 1,472 Sq.Ft.

Description

THE SUNNY ACRES Portfolio Investor Package is for sale. **** DO NOT GO ON PROPERTY. DO NOT DISTURB TENANTS*** 24 UNITS ALL
OCCUPIED. Property is a contiguous property spanning nearly 3 acres that consists of 12 DUPLEXES. 3 courtyard style entrances each with 4 duplexes per entrance. Separate driveways and dead end courtyard streets. All of the units are 2 bedroom, 1 bath, with individual carports and individual laundry room/utility closet. All utilities are separately metered. Tenants pay electric, water, and internet. All units are located adjacent to one another on a large parcel in the heart of West Bradenton. Tremendous cash flow. Grosses 360k per year. Low taxes and low insurance (avg. 775$ per unit per year) makes an incredible Net ROI. All units are rented and cash flowing. Excellent quadrant with all duplexes grouped together, well kept, and top notch management company in place. Management company has set expectations and great relationship with tenants in community. Units vary in finishes. Majority are completely upgraded or moderately upgraded, and there are still several with basic or original finishes. Pictures represent the range of condition. No pics of original finishes. 1/3rd of the units recently had the exteriors painted and shutters added and one brand new entrance parking lot recently. Many NEW ACs and other miscellaneous improvements. Rents range from $1000-1650 month. Rent rolls and details available on request. Assume it as it is and collect income, continue the improvement project and build your rental return to create more income potential opportunities. The average price of duplexes is consistent with individual duplexes in the zip code that are in above average condition. The main difference is that the comparable duplexes all range from 900-1100 in gross rent and these duplexes are all renting well above those averages. Comparable duplexes are randomly located throughout town. This package is all located in one spot and you can establish and maintain consistency. Includes all of the following address on 60th Ave Terrace West Bradenton; 912A, 912B, 914A, 914B, 916A, 916B, 918A, 918B, 1004A, 1004B, 1006A, 1006B, 1008A, 1008B, 1010A, 1010B, 1012A, 1012B, 1014A, 1014B, 1016A,1016B, 1018A, 1018B. Inquire with agent with any additional questions. **** DO NOT GO ON PROPERTY. DO NOT DISTURB TENANTS**** Please. Serious inquiries only. Proof of funds required. See terms for additional instructions regarding offers, income, financing, and such.

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Location

Units 912A-1018B 60TH AVENUE TER W, BRADENTON, FL 34207

Status

Sold
Mia McKeehan

Mia McKeehan

TITLE

Realtor®, Real Estate Negotiation Expert, Accredited Buyer's Representative (ABR®)

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Property Amenities

Interior
Laundry room Laundry Room
Appliances Range, Refrigerator
Flooring Ceramic Tile
Total Bedrooms: 48
Other Interior Features Other
Area & Lot
Lot Area 2.73 Acres
Living area 1,472 Sq.Ft.
MLS® ID A4582612
Year Built 1972
High School Bayshore High
Middle School W.D. Sugg Middle
Elementary School Blanche H. Daughtrey Elementary
Type Multi-Family
Status Sold
Exterior
Air conditioning Central Air
Heat type Central
Water Source Public
Sewer Public Sewer
Other Exterior Features Other
Parking Covered
Roof Shingle
Utilities Electricity Connected
Finance
Sales Price $4,400,000
Real Estate Tax $28,103 yearly

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