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1029 7th Ave E 50 Unit Apartment Building $9,313,416 CAD ($186,268 CAD/Unit) 8.50% Cap Rate Bradenton, FL 34208
Investment Highlights
- Entire building renovated within last 12 months. All new kitchens. All new flooring. Freshly painted, both exterior and interior. Location
Executive Summary
Prime investment opportunity. Fully renovated in 2025.
90% Occupancy
Most desirable Sarasota MSA in Florida
Maintenance and Leasing Manager on site
Leasing Office on site
Laundry Facilities on site
90% Occupancy
Most desirable Sarasota MSA in Florida
Maintenance and Leasing Manager on site
Leasing Office on site
Laundry Facilities on site
Data Room Click Here to Access
- Offering Memorandum
- Third Party Reports
Property Facts
| Price | $9,313,416 CAD | Building Class | C |
| Price Per Unit | $186,268 CAD | Lot Size | 1.25 AC |
| Sale Type | Investment | Building Size | 42,991 SF |
| Cap Rate | 8.50% | Average Occupancy | 90% |
| No. Units | 50 | No. Stories | 5 |
| Property Type | Multifamily | Year Built/Renovated | 1999/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise |
| Price | $9,313,416 CAD |
| Price Per Unit | $186,268 CAD |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.25 AC |
| Building Size | 42,991 SF |
| Average Occupancy | 90% |
| No. Stories | 5 |
| Year Built/Renovated | 1999/2025 |
| Opportunity Zone |
Yes |
Amenities
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Property Manager on Site
- Security System
- Gated
- Disposal Chutes
- Furnished Units Available
- Smoke Free
- Walking/Biking Trails
- Bicycle Storage
- Elevator
- Maintenance on site
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 50 | $1,883 CAD | 650 |
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Property Taxes
| Parcel Number | 32240-0000-4 | Improvements Assessment | $4,892,517 CAD |
| Land Assessment | $601,884 CAD | Total Assessment | $5,494,400 CAD |
Property Taxes
Parcel Number
32240-0000-4
Land Assessment
$601,884 CAD
Improvements Assessment
$4,892,517 CAD
Total Assessment
$5,494,400 CAD
Contacts
-
Florida Health Care Brokerage Ricki Kaneti -
Gold Standard Of Care Chad Borst - Florida Health Care Brokerage
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Photos
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Florida Health Care Brokerage
1029 7th Ave E
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