4946 25Th StBradenton, FL 34207

Property Details for 4946 25Th St

Year built

1979

Property size (Sq ft)

5,350 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Bradenton

County

Manatee

State

Florida

Latitude

27.454

Longitude

-82.5869

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