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1207 62nd Ave E, Bradenton, FL 34203

  • $599,900

  • 6

    bed

  • 4

    bath

  • 2,036

    Sqft ($295/Sqft)

Multi-family for sale 17 days
30 homes bought nearby with Movoto recently

About 1207 62nd Ave E

Property type Multi-family
Neighborhood
Year built 1985
HOA fee $0/month
Lot size 3,790 Sqft
Property description
Priced at $599,900 with an estimated NOI of $40,605, this fully renovated duplex delivers a cap rate of roughly 6.8% right out of the gate — a turnkey income property with no deferred maintenance to eat into returns. Both units are currently occupied by strong, reliable tenants generating a combined $4,040 per month in rent, with one unit at $2,095 and the other at $1,945, giving a new owner immediate and stable cash flow from day one. Adding to the opportunity, this duplex is part of a package of four buildings situated right next to one another, with three additional duplexes also available for sale. For an investor looking to scale quickly, acquiring the full grouping offers the chance to build instant density in a single location — simplifying management, maintenance, and future disposition while multiplying the income stream. Each building can be purchased individually, but the adjacency of all four makes this a rare chance to control an entire pocket of well-maintained, income-producing real estate. This is not a fixer that will drain your reserves. Both units have been taken down to the studs and completely renovated, with a roof replaced just five years ago meaning one of the largest capital expenses is already handled. Inside, the kitchens and bathrooms have been extensively upgraded and finished with quartz countertops that give the interiors a clean, modern appeal tenants are willing to pay for. Each master bathroom features a walk-in shower, adding to the elevated, move-in-ready feel that keeps quality tenants in place and turnover low. For an investor looking to add a low-maintenance, income-producing asset to their portfolio, this property checks the boxes that matter: recent capital improvements, quality finishes, and in-place tenants at market rents. Whether you purchase this building on its own or pursue the full four-building package, this is an opportunity to acquire cash-flowing real estate that's already been brought up to a high standard. Reach out today to review the financials and schedule a private showing.
Listed by
Listing Agent - Cody Powell
Listing Agent Contact: 813-843-8311
Listing Office - POWELL REALTY
Source: Stellar MLS mls logo
MLS#TB8533283 • last updated 2 weeks ago
Movoto checked Stellar MLS for data 22 minutes ago
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Overview
Cooling/AC Central Air
Levels/Style One
Type Residential Income
Virtual Tour External Link
SubType Duplex
Status Active
MLS # TB8533283
SqFt 2036
Lot Size (Acres) 0.09
Lot Size (SqFt) 3790
Property Tax 2035.13
Year Built 1985
Interior
Total # Bathrooms 4
# Bedrooms 6
Interior Features Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments
Exterior
Exterior Fence, Private Entrance, Private Yard, Sidewalk
Roof Shingle
Foundation Slab
Parking Desc Driveway
Amenities / Utilities
Utilities Desc BB/HS Internet Available, Cable Connected, Electricity Connected, Fiber Optics, Phone Available, Public, Sewer Connected, Water - Multiple Meters, Water Connected
Sewer Public Sewer
Location
County Manatee
Subdivision DE LOACH
APN 6555900171
Zoning RDD6
Directions Saunders To 12th Street. Right At 12th Street Court. Building On Left.
Multifamily Details
Annual Gross Income 48480
Lot/ Land Details
Number Of Lots 2
Road Surface Type Asphalt
Additional Parcels Desc 6555900155
Road Responsibility Public Maintained Road
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3/10
3/10
2/10
Bayshore High School
public Grades 9-12
Manatee
Source: GreatSchools.org © 2026. All rights reserved.

Around Oneco

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Walk
64/100
Family
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  • Real Estate
  • FL
  • Manatee County
  • Bradenton
  • 34203
  • Oneco
  • 1207 62nd Ave E

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