2405 10TH ST W, BRADENTON, FL, 34205
$1,325,000
Commercial Sale
|
Living Area
2,832 Sqft
|
Lot Size
16,000 Sqft
|
Welcome to this Income-Producing Motel / Multifamily Investment!!
Rare opportunity to acquire a licensed motel operating as long-term residential rentals in the heart of Bradenton. The property consists of 11 total units — 10 studio units and one 1-bedroom/1-bath unit — and is currently fully occupied, providing immediate cash flow from day one.
Eight of the 11 units have already been remodeled, leaving additional value-add potential through renovation of the remaining units and continued rent optimization.
The property generated approximately $153,000 in revenue over the prior 12 months, with a stabilized NOI of approximately $119,893. Detailed financials, rent roll, and supporting documentation are available to qualified, pre-approved buyers.
What truly separates this property is the future development potential. Current zoning allows for up to 20 additional units, providing a new owner with a significant opportunity to expand the existing operation and increase the property's income potential, subject to applicable governmental approvals and development requirements.
Major improvements include a roof replacement in 2019 and an electrical panel update in 2017.
This is an opportunity to acquire an already-performing, fully occupied asset with existing cash flow, remaining renovation upside, and substantial expansion potential in Bradenton.
Serious inquiries only. Proof of funds or financing pre-approval required prior to release of detailed financials. Please do not disturb tenants.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRA4707366 | Year Built: | 1980 | |
| Accessibility Features: | Accessible Central Living Area | Appliances: | Dishwasher, Microwave, Refrigerator | |
| Community Features: | Sidewalks | Construction Materials: | Block, Stucco | |
| Cooling: | Central Air, Wall/Window Unit(s) | Country: | US | |
| County Or Parish: | Manatee | Flooring: | Ceramic Tile | |
| Foundation Details: | Slab | Heating: | Central | |
| Income Includes: | Rent Only | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Commercial Financing, Other | Occupant Type: | Tenant | |
| Pets Allowed: | Yes - See Condo Docs | Property Condition: | Completed | |
| Property Sub Type: | Hotel/Motel | Property Type: | Commercial Sale | |
| Road Frontage Type: | Private Road | Road Surface Type: | Paved | |
| Sewer: | Public Sewer | Showing Requirements: | 24 Hour Notice | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Electricity Available, Public | |
| Water Source: | Public | Window Features: | Aluminum Frames | |
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