$1,525,000
$1,575,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
5,069 SqFt
SOLD DATE : 09/23/2022
Key Details
Sold Price $1,525,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,069 sqft
Price per Sqft $300
Subdivision Eucalyptus Heights
MLS Listing ID A4527237
Sold Date 09/23/22
HOA Y/N No
Year Built 1952
Annual Tax Amount $7,381
Lot Size 6.480 Acres
Acres 6.48
Lot Dimensions 375 x 743
Property Sub-Type Multi-Family
Source Stellar MLS
Property Description
SELLER OFFERING 3.25% INTEREST ONLY FOR 5 YEARS! This is the perfect inflation hedge with a huge upside kicker. This "7-door" complex consists of 3 buildings. A 5/5, a 2/1, and a 3/1. What makes this one special is it's 6.5 acres of developmental land, with over 200' of frontage on SR70, all public utilities in place, and zoned for 9!! units per acre as it sits. There is even possibility for higher density per county via rezone. There is absolutely nothing on the market of this caliber and certainly not this far west in the greater Manatee/Sarasota metro. Sit on it and collect the income or develop it for your own personal stamp on Bradenton real estate landscape. All tenants are happy there, some for over a decade. With respect to them, please only announced showings and no access will be granted to any of the buildings without contract.
Location
State FL
County Manatee
Community Eucalyptus Heights
Area 34203 - Bradenton/Braden River/Lakewood Rch
Zoning RSF4.5
Direction E
Interior
Interior Features Ceiling Fans(s)
Heating Other
Cooling Central Air, Wall/Window Unit(s)
Fireplace false
Exterior
Exterior Feature Awning(s), Storage
Parking Features Driveway
Community Features Sidewalks
Utilities Available Cable Available
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description In County, Near Public Transit
Foundation Slab
Lot Size Range 5 to less than 10
Sewer Public Sewer
Water Public
Structure Type Block,Wood Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Private Financing Available
Membership Fee Required None
Listing Terms Cash, Conventional, Private Financing Available
Special Listing Condition None
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