1207 62nd Avenue E, Bradenton, FL 34203
- $599,900
- 6
- BD
- 4
- BA
- 2,036
- SqFt
- List Price
- $599,900
- Status
- Active
- Days on Market
- 1
- MLS#
- TB8533283
- Property Style
- Duplex
- Year Built
- 1985
- Bedrooms
- 6
- Bathrooms
- 4
- Living Area
- 2,036
- Lot Size
- 3,790
- Acres
- 0.09
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- De Loach
- Community Name
- Oneco Terrace
- MLS Area Major
- Bradenton/Braden River/Lakewood Rch
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.
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Additional Information
- Taxes
- $2035
- Annual Gross Income
- 48480
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- RDD6
- Interior Layout
- Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments
- Interior Features
- Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments
- Floor
- Ceramic Tile, Luxury Vinyl
- Appliances
- Built-In Oven, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator
- Utilities
- BB/HS Internet Available, Cable Connected, Electricity Connected, Fiber Optics, Phone Available, Public, Sewer Connected, Water - Multiple Meters, Water Connected
- Heating
- Central, Electric, Heat Pump
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Concrete, Stucco
- Exterior Features
- Fence, Private Entrance, Private Yard, Sidewalk
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Driveway
- Pets
- Allowed
- Flood Zone Code
- AE*
- Parcel ID
- 6555900171
- Legal Description
- LOT 2 LESS THE W 37.15 FT DE LOACH SUB PI#65559.0017/1
Listing courtesy of POWELL REALTY. 813-843-8311
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