612 26TH ST W #1 - 4, BRADENTON, FL, 34205
$548,500
Residential Income
Bedrooms
5
Bathrooms
4
Living Area
2,580 Sqft
Lot Size
7,841 Sqft
Investor alert!! Seller is open to AN INTEREST RATE BUY DOWN scenario. Well maintained 100 year old property totally Tenant occupied! This would be a wonderful addition to any serious investor's portfolio. Nestled in the heart of Bradenton, this unique fourplex at 612 26th St W offers a promising combination of location, versatility, and income potential. This project has a strong rental history and high demand, making it a fantastic opportunity for both seasoned investors and first-time buyers looking to generate rental income. This charming 1920's property boasts unique units with modern amenities, perfect for small families or professionals seeking a serene living space. Sellers have added a community laundry room for tenants. So much potential for UPGRADES for further upside include updating units, garages to be restored, new windows, HVAC instead of wall units in the back for added value and increased potential for rents. Sellers completed a full exterior repaint of the complex in October of 2024. The unit composition is two 1 bedroom 1 bath units located upstairs and one 2 bedroom 1 bath and one 1 bedroom 1 bath downstairs. Sufficient onsite /off-street parking available for tenants. Gross rent is appx $65K annually. Seller intends to use in a 1031 exchange. This property was unaffected in the last 3 hurricanes flood disclosure in MLS. Stellar location where residents will enjoy the proximity to Downtown Bradenton, just a 6-minute drive away, where local culture and dining options abound. Proximity to the Riverwalk Bradenton is also a plus as it features beautiful views, parks, playgrounds, and picnic areas. This property is also close to the Manatee Village Historical Park train depot. Anna Maria Island, with its pristine beaches, is a mere 20-minute drive, offering an idyllic escape on weekends. The area is well-served by schools such as Ballard Elementary and Manatee High School, making it an ideal location for educational growth. The neighborhood is walkable for strolls along the water to nearby parks and shops. Bradenton is an area on the rise with plenty of future growth potential with ongoing development in an ever-growing community. The current management company is willing to continue the management of the fourplex after the sale. SERIOUS INQUIRIES ONLY, DO NOT DISTURB TENANTS, POF TO VIEW/INSPECT.
Property Details
Property Features Property Features
MLS ID: MFRA4623766 Year Built: 1920
Appliances: Dryer, Microwave, Range, Refrigerator, Washer Construction Materials: Frame
Cooling: Other, Wall/Window Unit(s) Country: US
County Or Parish: Manatee Exterior Features: Private Mailbox
Foundation Details: Crawlspace, Other Furnished: Unfurnished
Heating: Ductless Laundry Features: Common Area, Inside, Laundry Room
Lease Term: Twelve Months Levels: Two
Listing Agreement: Exclusive Agency Listing Terms: Assumable, Cash, Conventional
Lot Features: Paved Occupant Type: Tenant
Parking Features: Common, Driveway Patio And Porch Features: Covered, Front Porch, Patio, Porch, Rear Porch
Pets Allowed: Cats OK, Dogs OK Property Sub Type: Quadruplex
Property Type: Residential Income Road Surface Type: Gravel, Paved
Roof: Shingle Sewer: Public Sewer
Showing Requirements: Appointment Only, Call Listing Agent, Do Not Contact Tenants Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Tenant Pays: Electricity, Sewer, Trash Collection, Water Utilities: Cable Available, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
Water Source: Public Window Features: Aluminum Frames, Wood Frames
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