For Sale
$875,000

4946 25Th StBradenton, FL 34207

Five townhomes, 7.28% cap rate, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a portfolio of five, fully leased, two-story townhomes located in the desirable Grand Oaks condominium community in Bradenton, Florida. Each unit boasts two bedrooms and 1.5 bathrooms, featuring modern kitchens and baths, in-unit laundry, private lanais, enclosed backyards, and two assigned parking spaces. The property offers a 7.28% capitalization rate with a Net Operating Income (NOI) of $63,715 on a total of 5,350 square feet of net rentable space, priced at $163.55 per square foot. The asking price for the entire portfolio is $875,000, or $175,000 per unit. Built in 1979, these well-maintained townhomes are situated within a gated community that provides a resort-like atmosphere, complete with a community pool and fitness center. The condominium association manages exterior maintenance, landscaping, trash removal, and water/sewer services, minimizing owner responsibilities. All units are currently occupied under annual leases, presenting a stable income stream with potential for future rental increases. The property features 5,720 square feet of air rights. This is a fee simple ownership. Detailed financial information is available upon request. A letter of intent is recommended, subject to inspections.

Highlights

  • 100% occupied with upside rental potential.
  • No tenant delinquencies; all tenants underwent thorough background checks.
  • Remote management friendly.
  • Highly desirable townhome design featuring private lanais and backyards.
  • Durable masonry construction, less than three stories, resulting in favorable insurance rates.
  • Well-managed condo association boasting healthy reserves.

Property Details for 4946 25Th St

Property type
Apartment buildings
Square Feet
5,350 SF
Class
C
Year Built
1979
Stories
2
Units
5

Location Insight

City
Bradenton
County
Manatee
State
Florida
Latitude
27.4539781
Longitude
-82.5869226
4946 25Th St, Bradenton, Florida

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4946 25Th St
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