5114 33rd Street East, Bradenton, FL 34203 For Sale

5114 33rd Street East is a fully renovated, five-unit income property on a commercially zoned 0.77-acre lot in Bradenton, Florida -- offering a buyer the rare ability to step into a stabilized asset and choose their own operating strategy. The property was comprehensively rebuilt in 2023 with over $276,000 in documented capital improvements covering every unit: complete re-framing, all-new PVC plumbing, updated electrical, new HVAC, new windows throughout, and a new roof fully replaced in 2025. The property comprises 3,050 SF of rentable area across five units, plus a 624 SF detached garage (conversion opportunity) and 240 SF of storage, totaling 3,914 SF across all structures.

The current owner has operated a hybrid STR/MTR model -- short-term rentals January through May, medium-term tenants May through December -- producing proven gross revenues of $112,258 in 2025 with Q1 2026 already at $33,981. The property is equally well-suited to a pure long-term rental strategy, which is how the normalized financials in this OM are modeled.

The asset carries a clear path to seven units: the 624 SF detached garage is readily convertible into two additional rental units for an estimated $85,000 -- adding approximately $42,000 in gross rents and $25,000 to NOI at a yield-on-cost exceeding 29%.