Movoto Real Estate
Sold on 03/05/2021
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Undisclosed, Bradenton, FL 34210

$620,000

Last sold 03/05/2021 for $620K

  • —

    bed

  • —

    bath

  • 2,281

    Sqft ($272/Sqft)

Multi-family not for sale

About Undisclosed

Property type Multi-family
Year built 1953
HOA fee $0/month
Lot size 0.5 Acre
Movoto estimate
Rental estimate
Property description
4 units, all updated, 2 with tropical heated pools, generating $80,000+ in net (after rental taxes and VRBO fees) annual rentals. Annual cash-flow in non-COVID years of $30,000 to $35,000. 1.5 miles from the Anna Maria Island beaches, and next to the Cortez fishing village - home of some of the best seafood restaurants on the gulf coast. No rental restrictions so you can rent daily, weekly, or monthly. No community fees whatsoever. Offered turnkey furnished. Established VRBO rental history, averaging an 'excellent' 4.5 rating. All units are individually fenced offering complete privacy for each unit. Two units have beautiful heated tropical pools. The main house is a duplex with a 3/2 on one side plus pool and washer/dryer (w/d), and a 1/1 on the other (no w/d, no pool access but private patio) Separate from the main house are two individual efficiencies, one featuring a second heated pool, private fenced yard and w/d; and the other with no pool but also offering a private fenced yard and w/d. Units can be rented individually as well as combined for weddings and larger gatherings of up to 15 guests. Roof on main house replaced in 2018, roofs on efficiencies were replaced in 2015. Property is owner managed. Owner will provide contact info for cleaning crew and maintenance man. Owner (not tenants) have access to a community boat launch on Palma Sola Bay. Add hot tubs to the two units without pools and watch your rental income soar in 2021. Owner financing optionally available.
Listed by
Listing Agent - Tom Murphy
Listing Office - FINE PROPERTIES
Source: Stellar MLS mls logo
MLS#A4486434 • last updated 5 years ago
Movoto checked Stellar MLS for data 15 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Quadruplex
Status Sold
MLS # A4486434
SqFt 2281
Lot Size (Acres) 0.5
Lot Size (SqFt) 21606
Property Tax 4273.09
Year Built 1953
Condition Completed
Interior
Exterior
Exterior Awning(s), Fence, Sidewalk
Roof Membrane, Shingle
Foundation Slab
Amenities / Utilities
Utilities Desc Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Sewer Public Sewer
Location
County Manatee
APN 7537600004
Zoning RDD4.5/C
Multifamily Details
Unit Type 4: Pro Forma 9000
Unit Type 2: Pro Forma 15000
Unit Type 3: Pro Forma 23000
Unit Type 1: Pro Forma 35000
Total # of Units 4
Financial Data Source Owner
Annual Gross Income 89000
$620K
Range: $558K-$682K
Last 30 days 
Rental est.: $1,241/month
Gross rent multiplier: 41.6
  • Mar 2021
    mls logo MLS # A4486434
  • Mar 5, 2021 Sold
    $620,000 (-8.1%)
  • Jan 30, 2021 Pending
    —
  • Dec 15, 2020 Listed
    $674,500
  • Undisclosed
    $620K
  • —
  • 34210
    $457K +14% y/y
  • Bradenton
    $450K 0% y/y
No chart available
Statistics calculated by Movoto

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