Movoto Real Estate

6116 10th St E, Bradenton, FL 34203

$490,000
•
  • 6

    bed

  • 4

    bath

  • 1,992

    Sqft ($246/Sqft)

Multi-family for sale 5 hours

About 6116 10th St E

Property type Multi-family
Neighborhood
Year built 1979
HOA fee $0/month
Lot size 9,714 Sqft
Movoto estimate
Property description
INVESTOR OPPORTUNITY • $4,515 MONTHLY RENTAL INCOME • UPDATED DUPLEX • NEW ROOF 2022 • CLOSE TO THE 1% RULE! Looking for an income-producing property that makes financial sense? This updated Bradenton duplex offers an attractive opportunity for investors seeking immediate cash flow, established tenants, and long-term investment potential. Offered at $490,000 and currently generating $4,515 per month in rental income ($54,180 annually), this property comes remarkably close to the popular 1% rule—an increasingly challenging benchmark for investors seeking income-producing real estate. Both units are currently occupied by long-term tenants who would love to stay, offering the new owner the opportunity to step into an established rental property with income already in place. EACH UNIT FEATURES 3 BEDROOMS, 2 FULL BATHROOMS, AN INSIDE LAUNDRY ROOM, AND A DESIRABLE SPLIT-BEDROOM FLOOR PLAN. Both sides have been updated, making the property attractive to tenants while helping minimize the need for immediate improvements. A NEW ROOF INSTALLED IN 2022 adds even more value and peace of mind. For the numbers-driven investor, this property offers a gross rental yield of approximately 11.1% at the asking price, before operating expenses. With two income-producing units, established tenants, and major improvements already completed, this duplex deserves serious consideration for any investment portfolio. And the possibilities don't stop there! For buyers looking to combine homeownership with rental income, this property offers an excellent HOUSE-HACKING OPPORTUNITY. Subject to existing lease terms, live in one unit while renting the other to help offset your mortgage payment and build equity. Whether you're expanding an existing rental portfolio, purchasing your first investment property, or planning for future owner occupancy, this duplex offers flexibility, income potential, and an attractive entry into multifamily investing. TWO UPDATED UNITS. ESTABLISHED RENTAL INCOME. ONE SMART INVESTMENT OPPORTUNITY. Schedule your showing today!
Listed by
Listing Agent - Lisa Flynn
Listing Agent Contact: 941-782-0000
Listing Office - FINE PROPERTIES
Source: Stellar MLS mls logo
MLS#A4709675 • last updated 1 hour ago
Movoto checked Stellar MLS for data 26 minutes ago
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Overview
Cooling/AC Central Air
Heating Central
Type Residential Income
Virtual Tour External Link
SubType Duplex
Status Active
MLS # A4709675
SqFt 1992
Lot Size (Acres) 0.22
Lot Size (SqFt) 9714
Property Tax 5676.78
Year Built 1979
Interior
Total # Bathrooms 4
# Bedrooms 6
Laundry Inside
Flooring Luxury Vinyl
Interior Features Eat-in Kitchen, Primary Bedroom Main Floor, Thermostat
Exterior
Exterior Fence
Roof Shingle
Construction Block
Foundation Slab
Amenities / Utilities
Utilities Desc Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water - Multiple Meters, Water Connected
Sewer Public Sewer
Location
County Manatee
Community Features Street Lights
Subdivision CAYMAN TOO
Elementary School Blanche H. Daughtrey Elementary
Middle School W.D. Sugg Middle
High School Bayshore High
APN 6559811002
Zoning RDD6
Directions From 63rd St (Saunders Rd) Turn North Onto 12th St E Then West Onto 61st Ave Ter E. Turn North Onto 10th St E. Duplex Is On The Left On The Corner With 61st Ave E And 10th St E.
Multifamily Details
Annual Gross Income 54180
Lot/ Land Details
Road Surface Type Asphalt
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question
Have a question about this property? Call us at (844) 430-0869
5/10
Kinnan Elementary School
public Grades PK, K-5
Manatee
3/10
2/10
Bayshore High School
public Grades 9-12
Manatee
Source: GreatSchools.org © 2026. All rights reserved.

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  • 6116 10th St E

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