1503 9th Ave W
Closed1503 9th Ave W, Bradenton, FL 34205-6654
Property type
Multifamily
Unit / Space count
19
Price
$1,675,000
Building size
9,444 sf
Rentable area
9,444 SF
Year built
1922
Year renovated
Occupancy
Zoning code
Lot size
0.63 Acres
Sold/status
Sold · Date unknown
Sale price
$1675000
Bedroom count
Property description
1503 9th Ave W is an enticing investment opportunity in Downtown Bradenton, FL. This multifamily property boasts 19 units offering a diverse mix of studio, 1-, 2-, and 3-bedroom layouts. Notably, all roofs were recently replaced in 2023, ensuring long-term structural integrity. 1503 9th Ave offers opportunity to capture increased rental income through strategic renovations and lease optimization. Situated in the heart of Downtown Bradenton, the property enjoys proximity to key attractions including LECOM Park, Pier 22, and The Bradenton Riverwalk, enhancing its appeal to potential tenants. Additionally, a variety of retailers such as Starbucks, Lowes, and Publix are just minutes away, offering convenience and accessibility to residents. Moreover, the economic landscape is promising, with Sarasota-Bradenton ranked as the #6 fastest-growing US metro area in 2024 and forecasted job growth of 44.6% over the next decade, signaling a thriving local economy. 1503 9th Ave W presents a compelling investment opportunity in a rapidly growing area with untapped potential for rental income growth and appreciation.
Property highlights
- 19 Unit Multifamily Community Located in Bradenton, Florida
- Execution of Contract to Closing in 60 Calendar Days, Despite Challenges in the Insurance and Debt Markets
- Franklin Street Placed the Debt and Insurance for the Buyer
- Sarasota - Bradenton Ranks #6 on the 20 Fastest-Growing US Metro Areas (2024) & Job Growth Over the Next 10 Years is Forecast at 44.6% (Exploding Topics)