Wares Creek Duplex

2531 8th Ave W,
Bradenton, FL 34205

DREZNIN PAPPAS COMMERCIAL REAL ESTATE LLC

$375,000
Price
2
Number of Units
$187,500
Price Per Unit
1,557
Building SF
5.30%
Cap Rate
5,995
Land SF
$375,000
Price
2
Number of Units
$187,500
Price Per Unit
1,557
Building SF
5.30%
Cap Rate
5,995
Land SF

Investment Summary

  • The Wares Creek Duplex is perfect for an investor or a user who could live in one half and rent out the other unit and it could also serve as a nice acquisition for an investor building a portfolio. Block Construction and well maintained gives this property the value add component described herein. Rents are solid now and include a long term tenant but they are below market and offer the upside that investors are seeking.
  • Large units and a solid unit mix in a highly desired location of Bradenton make this an asset worth diving into. Central A/C, Laundry onsite for tenants.

Location Summary

  • Wares Creek is a 5-mile-long (8.0 km) stream in Manatee County, Florida. The stream drains into the Manatee River. The creek's name is used by the Wares Creek neighborhood along its downstream path near downtown Bradenton. Manatee County has incentivized the Bradenton area with updates to the 'Livable Manatee Incentive Program' which can be found here https://www.mymanatee.org/departments/building___development_services/affordable_housing_for_developers
  • Below find some points of interest in close proximity to this property. 1.0 Miles - Village of the Arts 1.5 Miles - Downtown Bradenton 1.6 Miles - Twin Dolphin Marina 1.9 Miles - Riverwalk Park 2.2 Miles - Manatee Memorial Hospital 2.2 Miles - US-301 Access 2.6 Miles - Manatee River Access 3.2 Miles - SR-70 Access 3.3 Miles - Publix Grocery 3.9 Miles - State College of Florida (SCF) 4.8 Miles - IMG Academy & School 9.0 Miles - Bradenton Beach 10 Miles - I-75 N/S Access
FOR MORE DETAILS CONTACT
Sean Dreznin
DREZNIN PAPPAS CRE, LLC
(941) 961-8199
tritoncre@gmail.com