5239 Manatee Avenue W #2
Bradenton, Florida 34209
MLS #A4144724

Multi-Family
  • 1units
$549,900
Est. P&I payment: $2100.25/mo
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Description for 5239 Manatee Avenue W #2, Bradenton, Florida 34209
Commercial investment located in The Fairway Center Condominium. Strong, reliable NOI, combine with other adjacent condos for a larger leased, cash flow investment. Current Lease runs through August 31st, 2020 with one 5 year optional Lease Term. Strong credit tenant with proven track record and the opportunity has very little Landlord duties. $150/month per annum increases. An excellent cash flowing, strong CAP rate investment opportunity on Florida's gulf coast, close to Ana Maria Island, Longboat Key and the gulf beaches of the greater Sarasota/Bradenton MSA. 48,000+/- AADT driving by on State Route 64 also known as Manatee Avenue West along with super ingress and egress. Situated at the intersection of 51st Street West in the county of Manatee, Bradenton, Florida. Strong local demographics support a wide variety of uses along with a broad zoning code of General Commercial within the county. Well funded reserves and an active association which currently maintains the roof, exterior structure, site, parking, painting, common electric, common restrooms, common water, building insurance
MLS #A4144724
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My Notes for MLS #A4144724

General Features

  • Property Type: Income
  • Property Style: Duplex
  • Special Listing Type: Variable Commission
  • Special Sale Provision: None
  • Year Built: 1973
  • Total Num Buildings: 1
  • Total Units: 1

Exterior Features

  • Architectural Style: Other
  • Exterior Construction: Block,​Stucco
  • Exterior Features: Fenced,​Handicap Modified,​Mature Landscaping
  • Front Exposure: North
  • Roof: Metal
  • Total Acreage: Two + to Five Acres
  • Garage Carport: None
  • Garage Features: Open Parking
  • Pool: None
  • Sidewalk YN: 1

Interior Features

  • Floor Covering: Carpet,​Ceramic Tile
  • Interior Features: Ceiling Fan(S),​Handicapped Modified,​Other
  • Interior Layout: Eating Space In Kitchen
  • Kitchen Features: Breakfast/Snackbar
  • Sq Ft Heated: 2,984
  • Square Foot Source: Public Records

Utility Features

  • Utilities: BB/HS Internet Avail,​County Water,​Electric,​Fiber Optics,​Gas
  • Air Conditioning: Central,​Zoned/Multiple
  • Heating and Fuel: Central,​Fuel - Electric,​Heat Pump,​Zoned/Multiple

Financial Features

  • Taxes: 4,908
  • Tax Year: 2015
  • Condo Fees: 725
  • Condo Fees Term: Monthly
  • Monthly Condo Fee Amount: 725
  • HOA Common Assn: None
  • HOA Payment Schedule: Monthly
  • Annual Gross Income: 49,600
  • Annual Net Income: 33,200
  • Security Deposit: 5,000
  • Lease Terms: 3 to 5 Years
  • Financial Source: Owner
  • Financing Available: Cash,​Conventional

Community Features

  • County: Manatee
  • Township: 34
  • Legal Subdivision Name: FAIRWAY CENTER CONDO
  • SW Subdiv Community Name: Fairway Center Condominium
  • Location: Close to Bus Line,​Corner Lot,​Highway Frontage,​In County,​Level,​Street Paved
  • Building Name Number: THE FAIRWAY CENTER
  • Community Features: Buyer Approval Required
  • Complex Community Name NCCB: THE FAIRWAY CENTER
  • Housing For Older Persons: N/A

Miscellaneous Features

  • Legal Description: UNIT 2 FAIRWAY CENTER CONDO PI#38013.0015/7
  • Parcel Number: 3,801,300,157
  • Plat Book Page: 1037-998
  • Construction Status: Completed
  • Flood Zone Code: X
  • Pets Allowed YN: 1
  • Range: 17
  • Zoning: GC

Location

 
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Directions to 5239 Manatee Avenue W #2, Bradenton, Florida 34209
From Downtown Bradenton go west on Manatee Avenue West towards Anna Maria Island and the gulf beaches to 51st Street West. Subject is on the south and west quadrant at this intersection, located in The Fairway Center.
The listing information for 5239 Manatee Avenue W #2, Bradenton, Florida 34209 was graciously provided by our friends at the listing brokerage, DARLING REALTY

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P&I Payment $2100.25
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Realty Professionals of Florida's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Realty Professionals of Florida, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Listing data provided by MFRMLS (My Florida Regional MLS)
Last Updated 08/23/2017 at 9:33am
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