Coldwell Banker Realty · Lakewood Ranch, FL
611 61ST AVENUE TERRACE
For Sale · Listing #MFRTB8545739

611 61ST AVENUE TERRACE

BRADENTON, FL 34203 · SECLUDED ACRES
$399,999
Price
2,388
Sq Ft
1981
Year Built

Overview

About this home

MOTIVATED SELLER — WILLING TO NEGOTIATE! Property is being sold AS IS. Excellent investment opportunity at 611 61st Ave Terrace E in Bradenton! This duplex features two spacious approximately 1,200 sq. ft. units, each offering 3 bedrooms and 2 bathrooms. The left unit is currently tenant occupied (DO NOT DISTURB TENANTS) at $2,195 per month, while the right unit is vacant, giving a new owner the flexibility to place a tenant, occupy one side, or pursue another rental strategy. At $2,195 per unit, the property offers potential combined rental income of $4,390 per month ($52,680 annually) when fully occupied. A similarly sized nearby duplex featuring 2-bedroom/2-bath units recently sold for $425,000, providing a strong nearby point of comparison for this larger 3-bedroom configuration. Great opportunity for an investor seeking an income-producing multifamily property with value-add potential in Bradenton. Seller encourages offers!

Details

Property typeDuplex
StatusFor Sale
CountyManatee
Year built1981
Lot size0.16 acres

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