400 20TH Street E , 1-6

Description

6 UNIT MULTIPLEX FOR SALE: 20TH ST EAST BRADENTON This unique complex consists of a 2 story 4-plex building with four 1 BR / 1 bath apartments, a single-family house with 2 BR / 1 Bath, and a studio apartment. The property has an excellent leasing history, carefully screened and consistently renewing tenants, and is professionally maintained. The location of this complex is excellent, one block north of Manatee Avenue (Hwy 64), between that artery and the riverfront, in the rapidly expanding urban corridor of east Bradenton. It offers quick access to both I-75 and downtown, as well as to convenient retail. It is the only multi-family property in a quiet, single family neighborhood. The property is not in a flood zone. Property is zoned BR_T4-0, which permits multifamily, office, retail and a wide range of special uses and is ripe for redevelopment if desired. The complex is shaded by century old live oaks and overlooks a sunny meadow, so it is attractive and easy to lease. We have a strong market of tenants seeking an alternative to crowded, rabbit-warren apartment complexes. There is a laundry building on site for the use of the tenants, as well as a storage building and free standing garage for the owners. Parking is on-site, paved, and has dedicated spaces for each unit. There is a small fenced dog park area. The 4-plex has a new roof as of 2025. The single family house had a new roof in 2014, which was upgraded in 2025. All windows in both the 4-plex and single family house have been replaced in the last 3 years with contemporary, impact resistant windows. All HVAC units are professionally maintained annually. 4 of the 5 compressor / air handler systems are new within the past 3 years. All units are separately metered for electric and water. The design of the 4-plex includes front and rear common area entries with central staircases, so each apartment has large windows on 3 sides and no common walls with other apartments. The result is that the apartments feel more like single family homes with ample air and light. The one bedroom units have terrazzo flooring, with upstairs units adding carpet for sound buffering. The single family house has hardwood. This property offers an excellent, stable, and reliable investment return. It is also uniquely suited as an owner-occupied property with tenant income deferring all costs. Full sales packages including value calculations and terms are available to serious inquiries.