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31153998
31154008

1008 16th Ave W, Bradenton, FL 34205

AO
FL SL3631068
$489,000
96 days on market
Updated 40 days ago
Opportunity zone

1008 16th Ave W, Bradenton, FL 34205

Details
Property Type Multifamily
Sub Type Apartment Building
Units 3
Cap Rate 7.35%
Pro-Forma Cap Rate 7.36%
Pro-Forma NOI $36,000
Broker Co-Op Yes
Buildings 2
Lot Size (SqFt) 8,612

Multifamily | 3 Units | $163,000/unit

Marketing description

Prime Investment Opportunity in Bradenton’s Village of the Arts

Located in the highly sought-after Village of the Arts, this unique property is in the process of being finalized as a legal triplex, with the current owner working with the City of Bradenton to convert the garage into a fully approved third unit.

Offering flexibility for an end user to live in one unit and rent others or an investor with options for short-term, long-term, or seasonal rentals, this property presents strong income potential in a vibrant, high-demand area.

Unit Breakdown:

Unit 1: 2-bedroom, 1-bath featuring an updated kitchen with stainless steel appliances, laminate flooring, decorative fireplace, and in-unit laundry

Unit 2: 1-bedroom, 1-bath with updated kitchen, newer central A/C (2023), and access to outdoor laundry

Unit 3 (In Progress): Garage conversion into a 2-bedroom, 1-bath unit with shared outdoor laundry

Positioned on just under a quarter-acre corner lot, the property offers both off-street and on-street parking, along with expansive outdoor space ideal for tenants or guests. Enjoy shaded relaxation beneath a mature oak tree, plus multiple patios in the front, rear, and behind the garage.

Key Improvements:

Roof replaced in 2017

A/C (Unit 2) replaced in 2023

Prime Location: 5 minutes to downtown Bradenton, shopping, and dining 10 minutes to Sarasota-Bradenton International Airport 15 minutes to downtown Sarasota Approximately 8 miles to Gulf beaches This is a rare opportunity to acquire a versatile income-producing property in one of Bradenton’s most artistic and rapidly growing neighborhoods.

Listing Contacts

AO
FL SL3631068

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Additional Information

Name
Austin Oakes
License
SL3631068
Brokerage Phone
(941) 955-1500
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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