UPDATED:
Key Details
Property Type Multi-Family, Duplex
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,992 sqft
Price per Sqft $245
Subdivision Cayman Too
MLS Listing ID A4709675
Bedrooms 6
HOA Y/N No
Year Built 1979
Annual Tax Amount $5,676
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Duplex
Source Stellar MLS
Property Description
Looking for an income-producing property that makes financial sense? This updated Bradenton duplex offers an attractive opportunity for investors seeking immediate cash flow, established tenants, and long-term investment potential. Offered at $490,000 and currently generating $4,515 per month in rental income ($54,180 annually), this property comes remarkably close to the popular 1% rule—an increasingly challenging benchmark for investors seeking income-producing real estate.
Both units are currently occupied by long-term tenants who would love to stay, offering the new owner the opportunity to step into an established rental property with income already in place.
EACH UNIT FEATURES 3 BEDROOMS, 2 FULL BATHROOMS, AN INSIDE LAUNDRY ROOM, AND A DESIRABLE SPLIT-BEDROOM FLOOR PLAN. Both sides have been updated, making the property attractive to tenants while helping minimize the need for immediate improvements. A NEW ROOF INSTALLED IN 2022 adds even more value and peace of mind.
For the numbers-driven investor, this property offers a gross rental yield of approximately 11.1% at the asking price, before operating expenses. With two income-producing units, established tenants, and major improvements already completed, this duplex deserves serious consideration for any investment portfolio.
And the possibilities don't stop there! For buyers looking to combine homeownership with rental income, this property offers an excellent HOUSE-HACKING OPPORTUNITY. Subject to existing lease terms, live in one unit while renting the other to help offset your mortgage payment and build equity.
Whether you're expanding an existing rental portfolio, purchasing your first investment property, or planning for future owner occupancy, this duplex offers flexibility, income potential, and an attractive entry into multifamily investing.
TWO UPDATED UNITS. ESTABLISHED RENTAL INCOME. ONE SMART INVESTMENT OPPORTUNITY. Schedule your showing today!
Location
State FL
County Manatee
Community Cayman Too
Area 34203 - Bradenton/Braden River/Lakewood Rch
Zoning RDD6
Direction E
Rooms
Other Rooms Inside Utility
Interior
Interior Features Eat-in Kitchen, Primary Bedroom Main Floor, Thermostat
Heating Central
Cooling Central Air
Flooring Luxury Vinyl
Furnishings Unfurnished
Fireplace false
Appliance Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Laundry Inside
Exterior
Exterior Feature Fence
Community Features Street Lights
Utilities Available Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water - Multiple Meters, Water Connected
View Y/N No
Water Access No
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Blanche H. Daughtrey Elementary
Middle Schools W.D. Sugg Middle
High Schools Bayshore High
Others
Pets Allowed Yes
Senior Community No
Pet Size Extra Large (101+ Lbs.)
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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EverySWFLHome Team
Broker / Team Leader License ID: BK3449476
Broker / Team Leader License ID: BK3449476