1015 58th Ave Dr E, Bradenton, FL 34203

Stabilized small-multifamily asset consisting of two (2) identical 3-bedroom / 2-bathroom units, both renovated and fully occupied. The property benefits from strong in-place cash flow, tenant-paid utilities, and limited near-term capital exposure following a new roof installation in 2023.

The asset generates $43,200 in gross annual scheduled income with an estimated NOI of approximately $30,770 after a conservative 5% vacancy allowance, reflecting a ~7.8% in-place cap rate at the $395,000 asking price.

Lease Structure:
• Both units are currently leased and performing
• Rents at $1,800/month per unit
• Standard residential leases
• Tenants pay water and utilities
• Owner-managed; no management expense reflected

This offering represents a compelling entry point for investors seeking stabilized yield in a sub-$400K multifamily asset, with multiple exit and financing strategies including DSCR debt, long-term hold, or future owner-occupancy.

Investment Highlights:
• Two remodeled 3BR/2BA units with identical layouts
• Fully occupied, in-place income from day one
• New roof (2023) limits capex risk
• Efficient expense structure with tenant-paid utilities
• Suitable for 1031 exchange, portfolio expansion, or house-hack strategy