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$1,255,000
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Property Description
Highly profitable and extremely well-maintained multi-family income property located right off Manatee Ave West! The property is located in a very desirable area within walking distance to shops, restaurants, bus lines and close to the Gulf Beaches. This (2) building, (6) unit apartment complex with courtyard and private parking lot is an amazing opportunity for any investor ready to make a long-term profit instantly! Each unit is an 1100 Sq Ft, 2BR/2BA apartment with screened in lanai and separate washer/dryer room. All units are occupied and co-terminously leased with several tenants who have been leasing for 10+ years. Significant improvements have been made over the last few years, the property has had both roofs replaced, a new fence and almost all units have been renovated with new paint, new carpet, tile, fixtures, etc. In maintaining the property, we have provided all preventative maintenance, maintenance as needed and ongoing improvements over the years of ownership. This is a great property in an outstanding location with tenants that are long-term and reliable. The extreme rental supply shortage, coupled with the desirability of this property, is a fantastic opportunity! This positive cash flow investment, from day one of ownership, will sell quickly. As a "must see" income property that rarely comes along, don't delay and schedule a showing before an exceptional opportunity is sold! Sold "as is" with the right to inspect.
Full Property Details
Full Property Details for 407 62nd St W
General
- Sold For: $1,255,000
- Taxes: $10,825 (2022)
- Status: Closed
- Type: Triplex
- Source: MidFloridaRegionalMLS
- MLS ID: A4565890
- Added to Site: 1, 150 day(s) ago
Interior
- Interior Features: Ceiling Fans(s), Living Room/Dining Room Combo, Window Treatments
- Appliances: Dishwasher, Disposal, Range, Refrigerator
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 12
Bedrooms
- Total Bedrooms: 12
Exterior
- Exterior Features: Lighting, Sidewalk, Sliding Doors
Parking
- Parking Features: Off Street, Open
Location
- Area: 34209 - Bradenton/Palma Sola
- County: Manatee
- Development Name: 34209 - Bradenton/Palma Sola
- Subdivision: CORAL HEIGHTS THIRD ADD
- Driving Directions: From downtown Bradenton take Manatee Ave W west to 62nd Street W, make right and property is immediately on the right.
Community
- Community Name: 34209 - Bradenton/Palma Sola
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- # Buildings: 2
- Exterior Const.: Block, Stucco
- Roof: Shingle
- Square Feet: 6,600
- Sq. Ft. Source: Owner
- Living Area: 6,600 Sq. Ft.
- Year Built: 1977
Lot Features
- Lot Size (Acres): 0.49
- Lot Size (Sq. Ft.): 21,331
- Street/Road Desc.: Paved, Other
- Lot Features: City Lot, Level, Near Public Transit, Sidewalk
- Rcmdd Zoning: GC
Financial Considerations
- Tax Amount: $10,825
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 5 LESS S 142 FT BLK 26 CORAL HEIGHTS 3RD ADD PI#37544.0000/4
- Flood Zone Info: X
- APN: 3754400004
- Property ID: 3754400004
- Block/Lot/Section: 26
Listed by Savvy Avenue, Llc
Sold by Stellar Non-Member Office
Get Pre-Approved Today
Schools
Schools serving 407 62nd St W
School District:Manatee County School District
| Name | Grades | Distance |
|---|---|---|
Palma Sola Elementary School 6806 5th Avenue Northwest, Bradenton, FL 34209 | PK-5 | 0.7 mi |
Martha B. King Middle School 600 75th Street Northwest, Bradenton, FL 34209 | 6-8 | 1 mi |
Manatee High School 902 33rd Street Court West, Bradenton, FL 34205 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 407 62nd St W
Date
Details
Price
Change
Source
6/19/2023
Sold
$1,255,000
-7.04%
MLS
3/31/2023
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
407 62nd Street W, Bradenton, FL 34209 (MLS# A4565890) is a Triplex property that was sold at $1,255,000 on June 19, 2023. Want to learn more about 407 62nd Street W? Do you have questions about finding other Triplex real estate for sale in Bradenton? You can browse all Bradenton real estate or contact a Coldwell Banker agent to request more information.

