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$554,000

Est. payment - /mo

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5 BD

4 BA

2,580 SqFt

Pending

612 26TH ST W #1 - 4 Bradenton, FL 34205

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Nancy Conde

nancy.conde@lptrealty.com +1(407) 486-6611

UPDATED:

10/30/2024 01:20 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,580 sqft

Price per Sqft $214

Subdivision Westfield

MLS Listing ID A4623766

Bedrooms 5

Construction Status Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1920

Annual Tax Amount $6,625

Lot Size 7,840 Sqft

Acres 0.18

Property Description

Under contract-accepting backup offers. Investor alert!! Tenant occupied and grazing an 8 CAP in this market! This would be a wonderful addition to any serious investor's portfolio. The sellers have taken wonderful care of the property, which reduces the immediate need for repairs or renovation to allow a smooth transition to the new owners. Nestled in the heart of Bradenton, this unique fourplex at 612 26th St W offers a promising combination of location, versatility, and income potential. This project has a strong rental history and high demand, making it a fantastic opportunity for both seasoned investors and first-time buyers looking to generate rental income. This charming 1920's property boasts unique units with modern amenities, perfect for small families or professionals seeking a serene living space. Sellers have added a community laundry room for tenants. The units can be updated, and garages restored in the back for added value and increased potential for rents. Sellers completed a full exterior repaint of the complex in October of 2024. The unit composition is two 1 bedroom 1 bath units located upstairs and one 2 bedroom 1 bath and one 1 bedroom 1 bath downstairs. Sufficient onsite /off-street parking available for tenants. Gross rent is appx $68K annually. Seller intends to use in a 1031 exchange. This property was unaffected in the last 3 hurricanes. Stellar location where residents will enjoy the proximity to Downtown Bradenton, just a 6-minute drive away, where local culture and dining options abound. Proximity to the Riverwalk Bradenton is also a plus as it features beautiful views, parks, playgrounds, and picnic areas. This property is also close to the Manatee Village Historical Park train depot. Anna Maria Island, with its pristine beaches, is a mere 20-minute drive, offering an idyllic escape on weekends. The area is well-served by schools such as Ballard Elementary and Manatee High School, making it an ideal location for educational growth. The neighborhood is walkable for strolls along the water to nearby parks and shops. Bradenton is an area on the rise with plenty of future growth potential with ongoing development in an ever-growing community. The current management company is willing to continue the management of the fourplex after the sale.

Location

State FL

County Manatee

Community Westfield

Zoning X

Direction W

Rooms

Other Rooms Family Room

Interior

Interior Features Ceiling Fans(s), Kitchen/Family Room Combo, Primary Bedroom Main Floor, PrimaryBedroom Upstairs

Heating Wall Units / Window Unit

Cooling Other, Wall/Window Unit(s)

Furnishings Unfurnished

Fireplace false

Appliance Dryer, Microwave, Range, Refrigerator, Washer

Laundry Common Area, Inside, Laundry Room

Exterior

Exterior Feature Private Mailbox

Garage Common, Driveway

Garage Spaces 3.0

Utilities Available Cable Available, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available, Water Connected

Waterfront false

Roof Type Shingle

Porch Covered, Front Porch, Patio, Porch, Rear Porch

Parking Type Common, Driveway

Attached Garage true

Garage true

Private Pool No

Building

Lot Description Paved

Entry Level Two

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Wood Frame

New Construction false

Construction Status Inspections

Schools

Elementary Schools Ballard Elementary

Middle Schools W.D. Sugg Middle

High Schools Manatee High

Others

Pets Allowed Cats OK, Dogs OK

Senior Community No

Ownership Fee Simple

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional

Special Listing Condition None

Listed by NEXTHOME EXCELLENCE

Learn More About LPT Realty

Nancy Conde

Agent | License ID: SL3463040

+1(407) 486-6611

Nancy Conde

612 26TH ST W #1 - 4 Bradenton, FL 34205

Nancy Conde

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Learn More About LPT Realty

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612 26TH ST W #1 - 4