15th Street Apartments
Closed935 15th St W, Bradenton, FL 34205
Property type
Multifamily
Unit / Space count
6
Price
$1,000,000
Building size
6,017 sf
Rentable area
6,017 SF
Year built
1957
Year renovated
Occupancy
APN
4374800109, 4374800059
Zoning code
Lot size
0.24 Acres
Unit mix
2x
1br
3x
2br
1x
3br
Bedroom count
Price per Unit
$166,667
Price per SF
$166.20
Property description
15th Street Apartments presents an outstanding opportunity to acquire a well-maintained, income-generating multifamily asset in the heart of downtown Bradenton, Florida. This 6-unit community offers a desirable mix of one-, two-, and three-bedroom floorplans, appealing to a broad range of tenants and maximizing occupancy potential. Recent capital improvements, including roofs replaced in 2018 and new water heaters and HVAC systems in 2023, ensure operational stability and reduced maintenance costs for years to come. Positioned just six minutes from downtown Bradenton, residents enjoy easy access to an array of dining, shopping, and entertainment options. Local highlights include LECOM Park—spring training home of the Pittsburgh Pirates—Pier 22, and the Bradenton Riverwalk, all within a 1.5-mile radius. The Sarasota-Bradenton metro area ranks among the top six fastest-growing regions in the U.S. with robust projected job growth, underscoring long-term rental demand. Additionally, major retailers such as Starbucks, Lowe’s, Publix, Walmart, Sam’s Club, Costco, and Ellenton Premium Outlets are just minutes away, along with quick access to Sarasota-Bradenton International Airport. This turnkey asset offers both immediate income and long-term upside in a thriving Florida market.
Property highlights
- 6-Unit Multifamily Community Located in Downtown Bradenton, FL
- Favorable Unit Mix of 1-, 2-, and 3-Bedroom Floorplans
- 8.2% Year 1 Cap Rate with Adjusted Taxes and Full Expense Load
- Additional Income Streams from Laundry Facility and Storage Units
- Roofs Replaced in 2018; Water Heaters & HVAC Replaced in 2023
- Only 6-Minutes from Downtown Bradenton (0.9 Mi) Which Offers a Range of Dining, Shopping & Attractions
- Sarasota - Bradenton Ranks #6 on the 20 Fastest-Growing US Metro Areas (2024) & Job Growth Over the Next 10 Years is Forecast to Reach 44.6 (Exploding Topics)
- Nearby Entertainment Includes LECOM Park - Home of the Pittsburgh Pirates Spring Training Ballpark (0.6 Mi), Pier 22 (0.9 Mi), and The Bradenton Riverwalk (0.9 Mi)
- Conveniently Located Nearby Starbucks (1.2 Mi), Lowes (2.0 Mi), Best Buy (2.1 Mi), Publix (3.7 Mi), Walmart Supercenter (4.3 Mi), Sam's Club (5.5 Mi), and Costco (8.0 Mi) 18 Minutes from Ellenton Premium Outlets - the Region’s Predominate Shopping Destination with 130+ Stores (7.3 Mi) & 23-Minutes from Sarasota – Bradenton International Airport (9.1 Mi)