1005 63rd Ave W, Bradenton, FL 34207

THE ASSET

Bayshore Oaks consists of fifteen (15) residential units, comprised of twelve (12) 2-Bedroom/2-Bath units and three (3) 1-Bedroom / 1-Bath units housed in two (2) buildings with a total 11,610 square feet of living space in 12,170 square feet of gross area on a 1.00 acre parcel of land. All units feature interior washer/dryer hookups and a screened lanai, and small rear yard area. Ample and convenient on-site parking exists for all residents along with two outdoor common patio areas, one equipped with outdoor grills.

VALUE-ADD POTENTIAL

While the majority of in-place rents remain below market, the primary benefit of acquiring the property is execution of targeted, high-impact value-add strategies. First, systematic interior upgrades to the units provide a clear path to achieving premium rental rates, particularly given the property’s highly desirable location, visibility, and tenant demand. Second, the presence of laundry capacity inside each unit presents an immediate opportunity to install in-unit washer and dryer equipment, supporting a meaningful rent premium and creating additional tenant appeal. Additionally, the plumbing configuration (each unit plumbed from rear) lends itself to ease of implementation of individual sub-meters for water, allowing for improved better utility recovery and operational efficiency. Lastly, given the area’s strong draw among tourists and seasonal residents, the property is well-positioned to support a furnished seasonal or short-term rental strategy, offering additional flexibility and upside potential.

DESIRABLE LOCATION

Bayshore Oaks is an extraordinarily well-located asset, residing just 1 block off the primary retail and transportation corridor of 14th Street (also known as US Route 41/Tamiami Trail) in Bradenton, offering numerous shopping, dining, and consumer services within walking distance of the property. The Bayshore Gardens Shopping Center, easily walkable at just ½ mi to the West of the property, is home to Publix, Target, TJ Maxx, Chick-Fil-A, Anytime Fitness, and many other retailers. In addition to housing dozens of convenient businesses and services in close proximity, this primary artery (US 41) directly and conveniently connects downtown Sarasota (14 mi S) to downtown Bradenton (5 mi North), with the Sarasota Airport just 2 miles to the South. Access to Interstate 75 is also just 7 mi East of the property.

STRONG HIGHER EDUCATIONAL PRESENCE

Bayshore Oaks premium location puts it just minutes from world-renowned IMG Academy (3.9 mi) and several institutions of higher learning, including University of South Florida Sarasota-Manatee (3.3 mi), New College of Florida (4.0 mi), State College of Florida (1.6 mi), Keiser University, Ringling College of the Arts (5.5 mi), and Manatee Technical College (7.2 mi).

INVESTMENT HIGHLIGHTS

■ 15-Unit Multifamily Community in Bradenton, Florida (Manatee County)

■ Majority (80%) Two-Bedroom/Two-Bathroom Units

■ 1985-Built, Concrete Block Construction

■ Very Well-Maintained Asset with No Immediate Deferred Maintenance

■ All Units Contain Private, Screened-In Rear Porches

■ No Flood Insurance Required - Located Outside of Flood Zone

■ All Units Contain Interior Laundry Closets with Washer/Dryer Connections

■ Offers the Ability to Individually Meter/Sub-Meter Units for Water/Sewer Usage

■ Exceptional Location - Just Off of US-41 (14th Street) and Only Steps to Major Shopping Center

■ US-41 (14th Street/Tamiami Trail) is the Primary North-South Retail/Commuting Artery in Manatee and Sarasota Counties

■ Approximately 5 Minutes to the Sarasota-Bradenton International Airport (SRQ) and 15 Minutes to Interstate 75