4530 27Th StBradenton, FL 34207

Property Details for 4530 27Th St

Year built

1978

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.50 AC

Property size (Sq ft)

2,541 SF

Zone code

RDD-6

Property type

Residential income properties

Property subtype

Residential income homes

APN

52279.1005-5

APU

5227910055

Description

This exceptional investment opportunity presents a fully occupied four-unit apartment building located at 4530 & 4534 27th St W, Bradenton, FL 34207. The property boasts a substantial 0.95-acre lot encompassing two duplex structures, each featuring two three-bedroom, two-bathroom units with a one-car garage. Three out of the four units have undergone recent renovations. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $69,732 and a compelling 6.64% capitalization rate. The asking price is $1,050,000. Individual utility meters are in place for each unit, simplifying management. The property's convenient location near major Bradenton corridors offers excellent potential for rental income and future appreciation. This multifamily investment is comprised of two separate parcels (APN: 5227900007 & 5227910055), providing added flexibility and potential for future development. The total square footage is 4,965. Showings are by appointment only, following the submission of a fully executed offer. Do not disturb tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $746,150

  6.5%

  $688,754

  7%

  $639,557

• Comparable approach

  Method

  Valuation

  Relative Method

  $739,473

  Geo Method

  $719,297

• Alternative Use

  Use

  Valuation

  Residential

  $688,754

  Hospitality

  $630,895

  Educational

  $524,897

  Medical

  $542,949

  Retail

  $816,507

Location Insight

City

Bradenton

County

Manatee

State

Florida

Latitude

27.4592

Longitude

-82.5893

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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