Additional Details

• Features: A Legal Duplex in Manatee?! This 4 bedroom, 3 bathroom, CBS construction DUPLEX sits on a 14,000 sq ft lot in a quiet residential pocket of Bradenton, FL! The layout is in a 3/2 + 2/1 configuration with the bigger unit out front with the units metered separately. The property features a brand new 2023 roof, impact windows, newer and separate HVAC systems, upgraded electrical systems, updated kitchen and flooring in the bigger unit, a spacious lot with a deck out back, and is achieving market rents with a good-standing tenant in the smaller unit. With little-to-nothing available in the area by way of multifamily, this one will most definitely go quick, so don't miss out.
• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $425,000-$450,000
• Comparable Rent: $3,300-$3,500
• Construction: CBS
• Rehab Description: For a rental or a flip, partial cosmetic updates are needed. The kitchens are both in market-ready condition for a rental. Update and address minor drywall damage in the bathrooms from a prior roof leak. The roof was replaced in 2023, and the electrical for both units was also upgraded, both with permits. Minor soffit repair is needed outside of Unit B. Both HVAC units are newer as well. Replace the flooring in the smaller unit. Update lighting, fixtures, and finishes as desired. Finish with fresh paint in and out.
• Estimated Rehab: $35,000-$50,000
• Rental Comp 1: 5325 21st St W, Bradenton, FL 34207 -- 3/2/1342 sq ft -- LEASED $2,500/mo JUL 2023 -- (Rental Comp for Unit A, Clean/Dated)
• Rental Comp 2: 5420 23rd Street Ct W, Bradenton, FL 34207 -- 2/1/770 sq ft -- LEASED $1,500/mo JUN 2023 -- (Rental Comp for Unit B)
• Flip Comp 1: 3104 49th Avenue Dr W, Bradenton, FL 34207 -- 6/4/1988 sq ft -- SOLD $495k AUG 2023 -- (3/2 + 3/2 Duplex, Sold with Month-to-month tenants on one side, Clean Rental Condition)
• Flip Comp 2: 5527 23rd St W, Bradenton, FL 34207 -- 6/4/2322 sq ft -- SOLD $475k SEP 2023 -- (3/2 + 3/2 Duplex, Sold with Month-to-month tenants on each side, Clean Rental Condition)
• Flip Comp 3: 3507 47th Ave W, Bradenton, FL 34210 -- 4/2/1484 sq ft -- SOLD $400k JUN 2023 -- (Small 2/1 + 2/1 Duplex, Pics Unavailable)
• Important Details: --> Units are metered separately --> Unit-A: Owner-Occupied with 30-day Post-Closing Occupancy with Escrow Holdback --> Unit-B: Rented month-to-month at $1,250
• Hard Money: Call your Agent
• Occupancy: --> Unit-A: 2/2/1170 sq ft + Unit-B: 2/1/829 sq ft Duplex!