NOT LISTED FOR SALE
1 Bed
2 Baths
1,968 Sq Ft
5,184 Sq Ft Lot

Last Sold December 01, 2022

Last sale price $562,500 $286 Per Sq Ft

81 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Ceiling Fan
  • Cooling System Mounted To A Wall/Window

About This Home

As of December 2022

Income producing 5-PLEX...8.25% cap AS IT SITS, with significant upside. With a small rent bump you're in the 9 range, but also with the extreme upside of being in the downtown Bradenton corridor and prime for gentrification. It happening in all directions, not hard to find proof. A further bonus, it's in the Opportunity Zone for massive tax benefits longer term. All units are rented to happy tenants who wish to stay, This property is stable, and property management is avail for a reasonable rate if so desired. Tenants pay all utilities and are current with no delinquencies on file. Buy it, tuck it away for long term gains, and clip a coupon over 8% along the way. Easy as it gets.

Last Agent to Sell the Property

Jason Skowronski

COMPASS FLORIDA LLC License #3288062 Listed on: 08/21/2022

COMPASS FLORIDA LLC

Last Buyer's Agent

Ray Ivory

RE/MAX FOXFIRE - HWY 40 License #0699505

RE/MAX FOXFIRE - HWY 40

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,012

Year Built

  • Built in 1949

Lot Details

  • 5,184 Sq Ft Lot

Home Design

  • Stem Wall Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,968 Sq Ft Home
  • Ceiling Fan

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Tenant pays for electricity, water
  • Tax Lot 22
  • Assessor Parcel Number 4289900005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units
  • 2765; Singletary Et Al Subdivision

Building Details

  • Gross Income $60,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,012

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1968
  • Lot Size Acres: 0.12
  • New Construction: No
  • Year Built: 1949
  • Lot Size Sq Ft: 5184
  • Tenant Pays: Electricity, Water
  • Status: Sold
  • Street Post Direction: W
  • Unit Count: 2
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.9375
  • Price per Sq Ft: 285.82
  • Close to Original List Price Ratio: 0.9
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s)
  • Foundation Details: Stem Wall
  • Total Bedrooms: 1
  • Number Of Buildings: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt, Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Wall Units / Window Unit
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: R3A R1D
  • Parcel Number: 4289900005
  • Additional Parcels: No
  • Flood Zone Code: X
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Gross Income: 60500
  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 2012.23
  • Tax Lot: 22

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2022 12/01/22 Sold $562,500 -6.3% $286 / Sq Ft
11/11/2022 11/11/22 Pending -- -- --
11/02/2022 11/02/22 Price Changed $600,000 0.0% $305 / Sq Ft
11/02/2022 11/02/22 For Sale $600,000 -4.0% $305 / Sq Ft
09/01/2022 09/01/22 Pending -- -- --
08/21/2022 08/21/22 For Sale $625,000 +363.0% $318 / Sq Ft
08/17/2018 08/17/18 Off Market $135,000 -- --
06/11/2014 06/11/14 Sold $135,000 0.0% $69 / Sq Ft View Prior Sale
04/24/2014 04/24/14 Pending -- -- --
04/15/2014 04/15/14 For Sale $135,000 -- $69 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,501 $402,017 $47,600 $354,417
2024 $7,501 $406,138 $47,600 $358,538
2023 $7,459 $395,299 $32,640 $362,659
2022 $3,937 $206,606 $32,000 $174,606
2021 $2,012 $106,677 $15,000 $91,677
2020 $2,302 $116,423 $15,000 $101,423
2019 $2,152 $107,900 $8,000 $99,900
2018 $2,061 $102,233 $8,000 $94,233
2017 $2,120 $109,150 $0 $0
2016 $2,156 $109,150 $0 $0
2015 $1,330 $91,450 $0 $0
2014 $1,330 $65,719 $0 $0
2013 $1,178 $57,600 $7,500 $50,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4545835

Stellar MLS

APN: 42899.0000-5