High Yield Bradenton Triplex | Turn Key Income + Equity Potential.
Welcome to 1706 4th Ave, a rare investment gem in one of Bradentons premier residential pockets. This 3,385 sq ft triplex blends timeless charm with essential modern upgrades, including a new roof (Oct 2024), all set on a generous 0.40 acre lot outside of flood zones and built with durable masonry construction and a stucco exterior, not wood frame.
The main residence spans 1,955 sq ft with a 2 bedroom, 1 bath layout, featuring new flooring, fresh paint, ceiling fans, a cozy wood burning fireplace, and an attached 2 car garage. To the rear, a separate two story detached duplex offers two 1 bedroom units (one ground level, one upper level), currently leased and generating $48,540 in annual income.
Investors will appreciate the solid concrete block construction, low maintenance stucco exterior, fenced backyard, and significant upside potential with below market rents. With an estimated 67% cap rate, this is a true turn key opportunity with built in equity and long term durability.
Whether you're expanding your portfolio or seeking stable cash flow in a high demand rental area, this property delivers.
High Yield Bradenton Triplex | Turn Key Income + Equity Potential.
Welcome to 1706 4th Ave, a rare investment gem in one of Bradentons premier residential pockets. This 3,385 sq ft triplex blends timeless charm with essential modern upgrades, including a new roof (Oct 2024), all set on a generous 0.40 acre lot outside of flood zones and built with durable masonry construction and a stucco exterior, not wood frame.
The main residence spans 1,955 sq ft with a 2 bedroom, 1 bath layout, featuring new flooring, fresh paint, ceiling fans, a cozy wood burning fireplace, and an attached 2 car garage. To the rear, a separate two story detached duplex offers two 1 bedroom units (one ground level, one upper level), currently leased and generating $48,540 in annual income.
Investors will appreciate the solid concrete block construction, low maintenance stucco exterior, fenced backyard, and significant upside potential with below market rents. With an estimated 67% cap rate, this is a true turn key opportunity with built in equity and long term durability.
Whether you're expanding your portfolio or seeking stable cash flow in a high demand rental area, this property delivers.
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water - Multiple Meters, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Appliances: Cooktop, Dryer, Refrigerator, Washer
Country: US
Interior Features: Ceiling Fans(s), High Ceilings, Open Floorplan
Legal Description: BEG AT NW COR OF LOT 5 N S JONES SUB PB 1 P 160, THENCE RUN S ALONG E SIDE OF GRIFFIN ST- NOW 17TH ST- AS SHOWN THEREON TO A POINT 50 FT 8 IN N OF S LINE OF SAID LOT 5 FOR A POB, THENCE E & PARALLEL WITH S LINE OF SAID LOT 5 & OF LOT 4 THEREOF, A DIS T OF 110 FT TO A POINT 50 FT 8 IN N OF S LINE OF LOT 4 OF SAID SUB, THENCE N TO NE COR OF PROPERTY DESC IN DB
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