For Sale
$1,395,000
5426 18Th St Bradenton, FL 34207
Assisted living facility, strong cash flow.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- 6,539 SF, two-building assisted/independent living facility on a 0.7-acre lot in Bradenton, FL (APN 6039700159).
- Nine units with eighteen beds, Class B construction (built 1980, renovated 2019), currently under a triple-net (NN) lease expiring October 31, 2024 (month-to-month thereafter).
- $1,395,000 asking price ($213.34/SF, $155,000/unit), 88% occupancy, current NOI $90,000, pro-forma NOI $110,000 (6.45% cap rate, pro-forma 7.89%).
- Zoned for homes for the aged (7400), includes a 22KW generator (5-year warranty, installed 2019), vacant 1,100 SF cottage and additional vacant land offering expansion potential. Tenant responsible for all utilities, taxes, landscaping, interior repairs, and insurance.
Property Details for 5426 18Th St
- Property type
- Specialty properties, Schools
- Square Feet
- 6,539 SF
- Class
- B
- Year Built/Renovated
- 1980/2019
- Buildings
- 2
- Stories
- 1
- Lot Size (sq. ft)
- 30,492 SF
- Units
- 9
Location Insight
- City
- Bradenton
- County
- Manatee
- State
- Florida
- Latitude
- 27.4446187
- Longitude
- -82.5801577
Nearby Similar for Sale
FAQs
- What type of property is this?
- Specialty property - Assisted living facility, strong cash flow.
- Where is the specialty property located?
- The property is located at 5426 18Th St Bradenton, FL.
- What is the asking price?
- The asking price for this property is $1,395,000.
- What are key features of this property?
- This property features: 6,539 SF, two-building assisted/independent living facility on a 0.7-acre lot in Bradenton, FL (APN 6039700159).; Nine units with eighteen beds, Class B construction (built 1980, renovated 2019), currently under a triple-net (NN) lease expiring October 31, 2024 (month-to-month thereafter).; $1,395,000 asking price ($213.34/SF, $155,000/unit), 88% occupancy, current NOI $90,000, pro-forma NOI $110,000 (6.45% cap rate, pro-forma 7.89%).
- How can I contact the broker?
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