612 26Th StBradenton, FL 34205

Property Details for 612 26Th St

Year built

1920

Lot size

0.18 AC

Property size (Sq ft)

2,734 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This fee-simple multifamily investment property, located at 612 26th St W, Bradenton, FL 34205, presents a compelling value-add opportunity. The 2-story, 1920s-era building comprises four units: one 2-bedroom/1-bathroom and three 1-bedroom/1-bathroom units, totaling 2,580 net rentable square feet on a 0.18-acre lot. The asking price is $554,000, representing $138,500 per unit and $202.63 per square foot. The property boasts a 7.60% cap rate with a pro-forma cap rate of 8.11%. Features include an on-site laundry room, ample off-street parking, and recently painted exteriors. Significant upside potential exists through the restoration of three concrete block garages located at the rear of the property. The building has a strong rental history and has remained unaffected by recent hurricanes, providing consistent cash flow. Its convenient location is minutes from Downtown Bradenton and the Riverwalk, and within five minutes of supermarkets and major retailers. The property is also approximately two miles west of Manatee Memorial Hospital. This is a unique and charming investment opportunity in a desirable location. The total building square footage is 2,734 square feet.

Location Insight

City

Bradenton

County

Manatee

State

Florida

Latitude

27.4943

Longitude

-82.5875

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].