1817 13th St W; 1821 13th St W; 1112 19th Ave W Bradenton, FL – 34205 Available

  • $1,403,000

1817 13th St W; 1821 13th St W; 1112 19th Ave W Bradenton, FL – 34205

Features

This 18 unit package deal sits on over an acre of land. It features a CBS 10-plex (all 1/1’s), a
wood frame Quadplex (3/1, 2/1, 1/1, 1/1), a CBS Duplex (3/1 & 1/1), a frame single family
home, and a CBS single family home. The property has 19 electric meters and 4 water
meters. The 10-plex has tile floors throughout the living areas, kitchens, and bathrooms. It also
has plenty of parking in the front of the building. The quadplex is a 2 story building. Unit 3 has
tile floors in the kitchen and bathroom. Bedroom 1 has a large walk-in closet that can also be
used as a little kids room, or a small office. It also has hardwood floors in the living room and in
both bedrooms. This building also has plenty of parking for multiple vehicles on the right
side. Unit A of the duplex has tile floors throughout and the dining area overlooks the kitchen
and the living room. Unit B has prefabricated wood floors in the living room and in bedroom
one. It also has an over-sized living room and a fenced-in backyard with a garden area. The
front single family house has tile throughout, a kitchen with a large storage closet, a Florida
room, and a fenced-in yard. There are 19 electric meters. Seller pays $50 per unit for electric,

tenants pay anything above. There are 4 water meters. Tenants split water monthly. This is a
huge cash cow! This is a 10-11% net return once fully operating.

Repair Notes & Estimate ($150,000-$175,000)
This is an 18 unit package deal, consisting of 25 bedrooms and 18 bathrooms. There is a 10 unit
building, a duplex, a quadplex and two single family homes. CBS 10-plex (1821 13th St W) – the
exterior is in good shape, no active leaks on the roof and no cracks in the concrete. The units
have mismatched flooring, dated kitchens, and dated bathrooms. Considering the properties
are rented, they should be left as-is until the tenants move out, then updated with laminate
that fits the clientele of the neighborhood. The CBS duplex (1112 19th Ave W) could use a fresh
coat of exterior paint, since there are mismatched shades of colors on every wall. There’s also
some siding that needs to be replaced. There is termite powder present, it would need to be
treated or tented. Unit A will need a new hot water heater. Unit B will need interior paint. The
wood frame quadplex (1112 19th Ave W) exterior will need some touch up paint and the stairs
leading to unit 3 repaired. The flooring will need to be redone, including some sub flooring that
appears to be water damaged. The 2/1 CBS single family home (1817 13th St. W front house)
needs an exterior paint job. The windows will need to be replaced. The bathroom needs to be
updated. The 2/1 Frame single family home (1817 13th St. W back house) has an old roof that
has been patched; the current leak was fixed but it should be replaced. The exterior needs a
new paint job. The interior needs paint throughout as well.

$1,403,000 Sales Price
Market Rent
$16,825
Bed/Bath
25 Beds/18 Baths
Parking
Driveway

ARV Estimate
$1,600,000-$1,700,000
Occupancy/Access
Rented for $13,100 / See Rent Roll in Attachments. There are 3 current evictions.
Year Built/Structure
1954, 1925, 1947 (CBS & Frame) (Multi Family)
Living Area/Air System
7,865 SF (Wall Units)

Available on 07.11.2020

Don’t let this excellent opportunity pass you by! Get it yours now!

Make An Offer On This Property

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Price:
$1,403,000
Address:
1817 13th St W; 1821 13th St W; 1112 19th Ave W
Bradenton, , Florida 34205
Terms:
Assignment of Contract
Property Type:
Multi-family

Additional Features

1817 13th St W; 1821 13th St W; 1112 19th Ave W Bradenton, FL - 34205. Amazing opportunity to own this home in a very desired location. Great investment Property is on an over-sized lot, larger than other properties close by. Don't miss out on the endless possibilities that this home has to offer.

Call (954) 280-5883 for more details

Property Location