Under contract-accepting backup offers. Welcome to this Income-Producing Motel / Multifamily Investment!!
Rare opportunity to acquire a licensed motel operating as long-term residential rentals in the heart of Bradenton. The property consists of 11 total units — 10 studio units and one 1-bedroom/1-bath unit — and is currently fully occupied, providing… Read More immediate cash flow from day one.
Eight of the 11 units have already been remodeled, leaving additional value-add potential through renovation of the remaining units and continued rent optimization.
The property generated approximately $153,000 in revenue over the prior 12 months, with a stabilized NOI of approximately $119,893. Detailed financials, rent roll, and supporting documentation are available to qualified, pre-approved buyers.
What truly separates this property is the future development potential. Current zoning allows for up to 20 additional units, providing a new owner with a significant opportunity to expand the existing operation and increase the property's income potential, subject to applicable governmental approvals and development requirements.
Major improvements include a roof replacement in 2019 and an electrical panel update in 2017.
This is an opportunity to acquire an already-performing, fully occupied asset with existing cash flow, remaining renovation upside, and substantial expansion potential in Bradenton.
Serious inquiries only. Proof of funds or financing pre-approval required prior to release of detailed financials. Please do not disturb tenants. Read Less
Courtesy of MBN REALTY PROFESSIONALS 941-256-0350
Listing Snapshot
Days Online
14
Last Updated
Property Type
Multi-Family 5+
Square Ft.
3,412
Lot Size
0.37 Acres
Year Built
1980
MLS Number
A4707366
Additional Details
Property Access
Frontage Type: Private Road, Road Surface: Paved
Appliances & Equipment
Dishwasher, Microwave, Refrigerator
Building
Built in 1980, Living area: 2832, Living area units: Square Feet, Construction Materials: Block, Stucco
Community
Sidewalks
Cooling
Central Air, Wall/Window Unit(s)
Accessibility Features
Accessible Central Living Area
Floors
Ceramic Tile
Foundation
Slab
Heating
Central
Income
Rent Only
Lot
0.37 acres
Pets Policy
Allowed: Yes - See Condo Docs
Property
Completed
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 4490800059, Public Survey Range: 17, Public Survey Section: 35, Annual Amount: $3,311, Legal Description: LOTS 251,252,269,270 & 20 FT SQ IN SW COR OF LOT 271 GILLEY & PATTEN'S KNOWN AS THE THIRD ADD TO EDGEWOOD PI#44908.0005/9, Lot: 251, Year: 2025, Zoning: C3
Utilities
Electricity Available, Public, Water Source: Public
Windows
Aluminum Frames
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Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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