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1029 7th Ave E
Bradenton, FL 34208 Bradenton

$6,800,000 USD

Apartments For Sale  •  42,991 SF

Property Details

  • Property Type Apartments
  • Total Building Size 42,991 SF
  • Lot Size 1.25 AC
  • Building Class C
  • Year Built 1999
30 Transit Score
50 Walk Score

Highlights

Rare opportunity to purchase a fully renovated 50-unit multifamily asset with comprehensive upgrades completed within the past year.
Completed renovations to kitchens, flooring, and interiors significantly reduce near-term capital expenditure requirements and operational risk.
The Flats at Bradenton is nearing stabilization with full occupancy projected for March 2026, supporting an estimated stabilized cap rate of 8.5%.
Attractive basis of approximately $136,000 per unit, offering a significant reduction to replacement costs in a high-demand Gulf Coast market.
Prime Downtown Bradenton location near Sarasota and the Greater Tampa Bay Area benefits from sustained population and employment growth.
Coastal Florida multifamily assets continue to attract a diverse investor pool, supporting liquidity and long-term appreciation potential.

Amenities

  • 24 Hour Access
  • Business Center
  • Controlled Access
  • Fenced Lot
  • Laundry Facilities
  • Property Manager on Site
  • Security System
  • Gated
  • Disposal Chutes
  • Furnished Units Available
  • Smoke Free
  • Walking/Biking Trails
  • Bicycle Storage
  • Elevator
  • Maintenance on site
  • Fiber Optic Internet

Public Transportation

AirportDriveWalkDistance
Sarasota/Bradenton International 18 min - 9.1 mi
St Pete-Clearwater International 53 min - 36.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Ricki Kaneti 941-222-2123 Florida Health Care Brokerage
Ricki Kaneti 941-222-2123 Florida Health Care Brokerage