1207 62ND AVE E, BRADENTON, FL, 34203
$599,900
Residential Income
|
Bedrooms
6
|
Bathrooms
4
|
Living Area
2,036 Sqft
|
Lot Size
3,790 Sqft
|
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.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8533283 | Year Built: | 1985 | |
| Appliances: | Built-In Oven, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator | Construction Materials: | Block, Concrete, Stucco | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Manatee | Exterior Features: | Fence, Private Entrance, Private Yard, Sidewalk | |
| Flooring: | Ceramic Tile, Luxury Vinyl | Foundation Details: | Slab | |
| Furnished: | Unfurnished | Heating: | Central, Electric, Heat Pump | |
| Laundry Features: | Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup | Lease Term: | Twelve Months | |
| Levels: | One | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional, VA Loan | Occupant Type: | Tenant | |
| Other Equipment: | Private Entrance, Private Yard | Parking Features: | Driveway | |
| Pets Allowed: | Yes | Property Sub Type: | Duplex | |
| Property Type: | Residential Income | Road Responsibility: | Public Maintained Road | |
| Road Surface Type: | Asphalt | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | 24 Hour Notice, Appointment Only, Listing Agent Must Accompany, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | BB/HS Internet Available, Cable Connected, Electricity Connected, Fiber Optics, Phone Available, Public, Sewer Connected, Water - Multiple Meters, Water Connected | |
| Water Source: | Private | Window Features: | Blinds, Double Pane Windows, Insulated Windows, Thermal Windows, Tinted Windows, Window Treatments | |
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