Paradise on Point Pleasant
115 17th St NW,
Bradenton, FL 34209
 
$795,000
Offering Price
6
Number of Units
$132,500
Price Per Unit
4,706
Building SF
5.68%
Cap Rate
12,960
Land SF
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$795,000
Offering Price
6
Number of Units
$132,500
Price Per Unit
4,706
Building SF
5.68%
Cap Rate
12,960
Land SF
Investment Summary
Paradise on Point Pleasant consists of Six (6) One Bedroom / One Bath units. Most of the units have either been completely renovated or partially renovated if the tenant is a longer term resident.
Ownership has sound dampened the walls and sub-flooring between the building providing tenants with increased peace.
New Coin Operated Onsite Laundry Room for tenants convenience.
Paradise on Point Pleasant offers value in the way of a standard multifamily complex with rental upside of $137 per unit on average. The possibility of this property becoming a vacation rental complex also may have some merit.
Paradise on Point Pleasant
Nestled on a point between the Manatee River and Wares Creek, just a short walk from downtown Bradenton, is the historic neighborhood of Point Pleasant. “It is one of the oldest neighborhoods in Bradenton,” “It’s quiet, it’s beautiful and, best of all, it is a five-minute walk to Riverwalk, Old Main Street, to everything.
FOR MORE DETAILS CONTACT
Sean Dreznin
DREZNIN PAPPAS CRE, LLC
(941) 961-8199
tritoncre@gmail.com
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