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31174639
28721588

1559 7th Ave W, Bradenton, FL 34205

PG
FL SL3266689
The Multifamily Firm
KK
FL SL3256975
The Multifamily Firm
Listed by The Multifamily Firm
$1,299,000
201 days on market
Updated 39 days ago

Edgewater Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,260
Net Rentable (SqFt) 6,180
Units 6
Cap Rate 7.00%
Price per SqFt $179
Class B
Year Built 1975
Year Renovated 2025
Buildings 1
Stories 2
Acreage 0.260
Zoning BR T4-O
Parking Spaces 12 spaces
Parking Per SqFt 1.65
Investment Type Value Add
Ownership Fee Simple
Sale Condition N/A

$100K PRICE ADJUSTMENT | Below Market Seller Financing | All 2 BD / 1.5 BA Units

Marketing description

$100K PRICE ADJUSTMENT | POTENTIAL SELLER FINANCING | View Offering Memorandum Document for Details!

The Multifamily Firm is pleased to present the Edgewater Apartments, a renovated 6-unit multifamily asset featuring attractive townhome-style floorplans comprised entirely of 2-bedroom / 1.5-bathroom units. The property offers qualified buyers the potential for favorable seller financing at below-market terms, including possible interest-only payments. Following extensive improvements, including drywall replacement and interior restoration, all units have been updated with LVP flooring, granite countertops, white cabinetry, stainless-steel appliances, fresh paint, and modern bathroom finishes. Additionally, 4 new central AC systems were installed in 2025, with the remaining 2 replaced in 2023 & 2019 and the roof was recently replaced in 2021. Residents benefit from water-view balconies with storage space, sizable rear patio areas with yard space, covered carports, and private laundry rooms with washer/dryer hookups. Constructed of durable masonry in 1975, the property consists of 6 units in 1 building on a single 0.26-acre parcel, and offers additional upside potential with the implementation of RUBS or utility fees to further boost cash flow!

For Seller Financing & Financial Details, View the Offering Memorandum Document and please email if you would like to schedule a call to discuss further!

Investment highlights

  • Below Market Favorable Seller Financing w/ Potential Interest-Only Payments Available for Qualified Buyer
  • Attractive Townhome-Style Floorplans Featuring All 2-Bed / 1.5-Bath Units, All w/ Covered Carports and Private Laundry Rooms with W/D Hookups
  • Significantly Renovated, Including Drywall Replacement & Interior Restoration
  • All Units Updated w/ LVP Flooring, Granite Countertops, White Cabinetry, Stainless-Steel Appliances, Fresh Paint & Modern Bathroom Finishes
  • Water-View Balconies w/ Storage Space, and Sizable Rear Patio Areas w/ Yard-Space
  • Four New Central AC Systems in 2025 | Two Replaced in 2023/2019 | Roof Replaced in 2021
  • Opportunity Boost Cash Flow w/ Implementing RUBS or Utility Fees & Additional Cosmetic Enhancements
  • Rock-Solid 1975 Masonry Construction Consisting of 6-Units in 1 Building on 1 Parcel Totaling 0.26 Acres

Listing Contacts

PG
FL SL3266689
The Multifamily Firm
KK
FL SL3256975
The Multifamily Firm
Listed by The Multifamily Firm

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