Hunt Brothers Realty | Sarasota Florida Real Estate
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Listing ID: A4514119
Price: $1,289,000
Status: Active
Address: 4505 3Rd St Cir W
City: Bradenton
State: Florida
Postal Code: 34207
SqFt: 111,111
Acres: 12.770
County: Manatee
Subdivision: Burgundy Unit Two Condominium Cb9/181
Bradenton
FL
34207
Investors dream! A high yield 9 unit condominium investment portfolio package that will continue to produce high yields of passive income for years to come!
Located 6 miles from pristine Florida Gulf Coast Beaches at the Burgundy 2 Condominiums. This is an all age condominium and pet friendly community, the majority of units have now been renovated and are ready to provide years of solid financial return on your investment! The demand for affordable housing this package can provide years of steady returns, portfolio has 5 year history at 100% occupancy. Great Opportunity to Own a Slice of Condominiums in Paradise! Nestled in the Burgundy II All-Ages Condominium, 9 units are being bundled together.
Currently getting 5.8% Cap rate, this deal is a hard deal to find in todays current market and in a great location. 7 1B/1B, 1 2B/1B, and 1 2B/1.5B.
Primary Features
County:
Manatee
Property Sub Type:
Multi-Family
Property Type:
Residential Income
Subdivision:
Burgundy Unit Two Condominium Cb9/181
Year Built:
1972
Zoning:
RMF-9
Interior
Building Area Units:
Square Feet
Cooling Type:
Central Air
Fireplace:
no
Heating Type:
Central
Interior Features:
Ceiling Fans(s), Crown Molding
Living Area Meters:
10322.55
Living Area Source:
Owner
Living Area Units:
Square Feet
Unit Count:
2
External
Carport:
no
Construction Materials:
Block, Concrete
Exterior Features:
Rain Gutters, Sidewalk, Sliding Doors, Tennis Court(s)
Flood Zone Code:
AE
Foundation Details:
Slab
Garage:
no
Lot Size SqFt:
556648
Lot Size Square Meters:
51714
New Construction:
no
Number Of Units Total:
9
Patio And Porch Features:
Enclosed
Pool Private:
no
Road Surface Type:
Asphalt
Roof:
Shingle
Sewer:
Public Sewer
Total Acreage:
10 to less than 20
Total Number of Buildings:
5
Utilities:
Electricity Connected, Sewer Connected, Water Connected
Water Access:
no
Water Extras:
no
Water Source:
Public
Water View:
no
Location
Association:
no
Association Approval Required:
no
Building Area Source:
Owner
Building Area Total:
111111
Country:
US
MLS Area Major:
34207 - Bradenton/Fifty Seventh Avenue
Number Of Lots:
9
Senior Community:
no
SW Subdivision Community Name:
Burgundy Condominium
Waterfront:
no
Additional
CDD:
no
Mls Status:
Active
SDEO:
no
Financial
Annual Net Income:
68000.00
Association Fee Requirement:
None
Available For Lease:
yes
Condo Fees:
2115
Condo Fees Term:
Monthly
Current Price:
1289000.00
Financial Data Source:
Owner
Gross Income:
112020
Lease Term:
Twelve Months
Monthly Condo Fee Amount:
2115
Ownership:
Condominium
Special Listing Conditions:
None
Tax Annual Amount:
6697.21
Tax Lot:
322-14
Tax Year:
2020
Tenant Pays:
Electricity
Total Annual Fees:
25380.00
Total Monthly Fees:
2115.00
Zoning Info
Listing information ©My Florida Regional MLS DBA Stellar MLS 2022. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on Sunday, January 16th, 2022 at 10:35:02 PM.
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