1003 3rd Street West

Bradenton, FL 34205

$562,500
Last Sold Price
1
Beds
1,968 Sq. Ft.
$286 / Sq. Ft.
1,968
Sq. Ft.
$286
per Sq. Ft.

Description

Income producing 5-PLEX...8.25% cap AS IT SITS, with significant upside. With a small rent bump you're in the 9 range, but also with the extreme upside of being in the downtown Bradenton corridor and prime for gentrification. It happening in all directions, not hard to find proof. A further bonus, it's in the Opportunity Zone for massive tax benefits longer term. All units are rented to happy tenants who wish to stay, This property is stable, and property management is avail for a reasonable rate...Income producing 5-PLEX...8.25% cap AS IT SITS, with significant upside. With a small rent bump you're in the 9 range, but also with the extreme upside of being in the downtown Bradenton corridor and prime for gentrification. It happening in all directions, not hard to find proof. A further bonus, it's in the Opportunity Zone for massive tax benefits longer term. All units are rented to happy tenants who wish to stay, This property is stable, and property management is avail for a reasonable rate if so desired. Tenants pay all utilities and are current with no delinquencies on file. Buy it, tuck it away for long term gains, and clip a coupon over 8% along the way. Easy as it gets.

Listing Agent

Property Details for 1003 3rd Street West

Subdivision Name
2765; SINGLETARY ET AL
Waterfront
No

Location

Sold By FOXFIRE BLVD, Ray Ivory

Add your commute
LISTING UPDATED: 12/02/2022 11:42 AM

Property Details for 1003 3rd Street West

StatusSold
MLS #A4545835
Days on Market20
Taxes$2,012 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1949
Lot Size0.12 AC / 5,184 SF
CountyManatee County

Location

Sold By FOXFIRE BLVD, Ray Ivory

Add your commute

Building Information for 1003 3rd Street West

Stories-Residences5Year Built1949Building Size-Lot Size0.12 AC / 5,184 SF

Payment Calculator

$3,237 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,070

Property Taxes

$168

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1003 3rd Street West

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: Corner of 3rd st and 10th ave in downtown Bradenton
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Senior Community: No
  • SW Subdiv Community Name: Not Applicable
  • Unit Number: No
  • Street Number: 1003
  • Street Name: 3RD
  • Street Suffix: STREET
  • Street Direction Suffix: W
  • State: FL
  • City: BRADENTON
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Legal Description: LOT 22 BLK A J K SINGELTARY SUB PI#42899.0000/5
  • Tax Lot: 22
  • Tax Year: 2021
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 4289900005
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 2
  • Water Access: No
  • Water Extras: No
  • Zoning: R3A R1D
  • Living Area: 1968
Property and Assessments
  • Year Built Numeric: 1949
  • Flood Zone Code: X
  • New Construction: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Public
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Exterior Features: Other
  • Foundation Details: Stem Wall
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 1
  • Cooling: Central Air, Wall/Window Unit(s)
  • Fireplace: No
  • Heating: Central, Wall Units / Window Unit
  • Interior Features: Ceiling Fans(s)
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $49,000.00
  • Gross Income: $60,500
  • Unit Count: 2
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 0
  • Unit Type Heated Sq Ft 1: 300
  • Unit Type Number Of Units Occupied 1: 2
  • Unit Type Pro Forma 1: 1000
  • Unit Type Type 1: Studio
  • Unit Type Units Total 1: 2
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 1
  • Unit Type Heated Sq Ft 2: 450
  • Unit Type Number Of Units Occupied 2: 3
  • Unit Type Pro Forma 2: 1200
  • Unit Type Type 2: 1 Bed/1 Bath
  • Unit Type Units Total 2: 3
Rental
Rental Information
  • Tenant Pays: Electricity, Water

Property History for 1003 3rd Street West

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1003 3rd Street West

Taxable ValueLand$32,640Additions$362,659Total$395,299
Tax Record2023$7,459 ($622 / month)
Home Facts
Baths5Total Finished SqFt1,500 SqFtAbove Grade Finished SqFt1,500 SqFtStories1Lot Size5,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1949Year Renovated2007ZoningBR_FBC,BR_T4-CountyMANATEEAPN42899.0000-5

Schools near 1003 3rd Street West

This home is within Manatee.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Orange Ridge-Bullock Elementary School
PublicPK to 5

Martha B. King Middle School
Public6 to 8

Manatee High School
Public9 to 12

Manatee Virtual Instruction Program
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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