Remodeled & Cashflowing Duplex in Bradenton Under $400k!

Quick Summary

Purchase Price
$399,000
Capitalization Rate
6.0%
Cash on Cash Return
1.3%
Total Return on Investment
22.0%

3104 3rd Street E #A Bradenton, FL 34208

4 beds
4 baths
1,836 sqft
  • Strong rental income for the next 10 months for a fairly reasonable price
  • This property has over a 6% cap rate when you remove vacancy expense for these 10 months
  • This all-block construction duplex presents a meticulously updated property, boasting a comprehensive renovation that includes major components such as electrical, plumbing, impact windows, GE Appliances, water heaters and roofing.
  • Strategically situated a mere 10 minutes from Downtown Bradenton and its picturesque Riverfront.
  • Each unit within this duplex has been thoughtfully remodeled, offering 2 bedrooms and 2 bathrooms on each side.
  • Current tenants, providing immediate income potential at $1,650 per side with a total of $3,300 per month, have leases in place until October, adding immediate value to this investment opportunity.
  • Tenants pay water and electric.
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