The Boulevard Apartment Homes
Multifamily | 92 Units
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire The Boulevard Apartment Homes, a 92-unit apartment community in Bradenton, Florida (the “Property”). Constructed in 1976, The Boulevard Apartment Homes is a desirable asset in the West Samoset neighborhood of Bradenton. Positioned with convenient access to Sarasota Bay, the Manatee River and Tampa Bay, The Boulevard Apartment Homes comprises six (6) two-story buildings and contains ninety-two (92) units comprising eighty-four (84), 2-Bedroom/2-Bathroom units and eight (8), 2-Bedroom/1.5-Bathroom Townhouse units with 87,080 rentable square feet on a 4.82-acre parcel of land. The professionally managed residential community features a central courtyard with abundant green space, a swimming pool with a screened lanai, picnic and grilling areas, a bark park, and playground. The community also offers ample on-site parking for residents.
Located at 3810 5th Street East in Bradenton’s West Samoset neighborhood, the Property is located one block from S Tamiami Trail (US Route 41) and is convenient to the Downtown Commercial District. The Boulevard Apartment Homes is seconds from S Tamiami Trail (US Route 41), one of the area’s primary commercial corridors offering a wide array of shopping, dining and grocery options, and several other state roads and highways. Bradenton’s downtown also features a plethora of employment and entertainment opportunities. Bradenton is positioned along Manatee River and offers convenient access to the Gulf of Mexico, Sarasota, St. Petersburg and Tampa.
Bradenton is home to pristine beaches, and the surrounding area is continually ranked among the top travel destinations in the United States, funneling tourism dollars into the local economy.
Investment highlights
THE ASSET
Constructed in 1976, The Boulevard Apartment Homes comprises six (6) two-story buildings and contains ninety-two (92) units comprising eighty-four (84), 2-Bedroom/2-Bathroom units and eight (8), 2-Bedroom/1.5-Bathroom Townhouse units with 87,080 rentable square feet on a 4.82-acre parcel of land.
PROPERTY & UNIT AMENITIES
The professionally managed residential community features a central courtyard with abundant green space, a swimming pool with a screened lanai, picnic and grilling areas, a bark park, and playground. The community also offers ample on-site parking for residents. The well-maintained units offer spacious, open floor plans with direct entry, carpet and vinyl plank flooring, large closets, fully equipped kitchens, in-unit laundry (washer and dryer), central air conditioning, a private screened patio or balcony, and private locked storage.
DESIRABLE LOCATION
The Property is well positioned in the West Samoset neighborhood of Bradenton. The Property is adjacent to a Dollar General Market and DD’s Discounts anchored shopping center and is surrounded by single and multitenant residential properties. The Property is 0.3-miles from S Tamiami Trail (US Route 41), the area’s primary commercial and commuter corridor and is also close to downtown Bradenton, the Manatee River, Bradenton beaches, and is 7-miles from Interstate 75.
ACCESS TO AREA AMENITIES
The Property is situated just south of downtown Bradenton, seconds from S Tamiami Trail (US Route 41), the area’s primary commercial thoroughfare, and is 1.4-miles from 1st Street W (US Route 301) and 53rd Avenue E (SR 70), and is close to SR 684 and 64, providing direct access to the barrier islands. The location offers convenient access to an array of amenities including grocery stores, national restaurants and retailers, local businesses and services, and numerous bars and cafés. Additionally, the area is home to the Sarasota Bradenton International Airport, the Gulf of Mexico, the area’s barrier islands, and countless golf courses.
STRONG HIGHER EDUCATION PRESENCE
The Property enjoys convenient access to several colleges and universities including New College of Florida, University of South Florida Sarasota-Manatee Campus, State College of Florida, Keiser University, Everglades University Sarasota, Ringling College of Art and Design, and Manatee Technical College.
DEMOGRAPHICS
Approximately 116,900 people live within 3-miles of the Property with an average household income of $76,407. More than 207,200 people live within 5-miles of the Property with an average household income of $88,003. The area anticipates population growth at a rate of 1.4% per year for the next 5 years.
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