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Description
INVESTOR OPPORTUNITY $4,515 MONTHLY RENTAL INCOME UPDATED DUPLEX NEW ROOF 2022 CLOSE TO THE 1% RULE!Looking for an income-producing property that makes financial sense? This updated Bradenton duplex offers an attractive opportunity for investors seeking immediate cash flow, established tenants, and long-term investment potential. Offered at $490,000 and currently generating $4,515 per month in rental income ($54,180 annually), this property comes remarkably close to the popular 1% rule-an increasingly challenging benchmark for investors seeking income-producing real estate.Both units are currently occupied by long-term tenants who would love to stay, offering the new owner the opportunity to step into an established rental property with income already in place.EACH UNIT FEATURES 3 BEDROOMS, 2 FULL BATHROOMS, AN INSIDE LAUNDRY ROOM, AND A DESIRABLE SPLIT-BEDROOM FLOOR PLAN. Both sides have been updated, making the property attractive to tenants while helping minimize the need for immediate improvements. A NEW ROOF INSTALLED IN 2022 adds even more value and peace of mind.For the numbers-driven investor, this property offers a gross rental yield of approximately 11.1% at the asking price, before operating expenses. With two income-producing units, established tenants, and major improvements already completed, this duplex deserves serious consideration for any investment portfolio.And the possibilities don't stop there! For buyers looking to combine homeownership with rental income, this property offers an excellent HOUSE-HACKING OPPORTUNITY. Subject to existing lease terms, live in one unit while renting the other to help offset your mortgage payment and build equity.Whether you're expanding an existing rental portfolio, purchasing your first investment property, or planning for future owner occupancy, this duplex offers flexibility, income potential, and an attractive entry into multifamily investing.TWO UPDATED UNITS. ESTABLISHED RENTAL INCOME. ONE SMART INVESTMENT OPPORTUNITY. Schedule your showing today!
Property Highlights
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.22 Acres
Roof Type: Shingle
Taxes: $5,676
Year Built: 1979
General Information
Bedrooms: 6
Sqft: 1,992
County: Manatee
High School: Bayshore High
Subdivision: CAYMAN TOO
Listed By:
Lisa Flynn
FINE PROPERTIES
941-782-0000
MLS ID: A4709675
Amenities
Eat-in Kitchen
Primary Bedroom Main Floor
Thermostat
Fence
Property Features
Additional Rooms: Inside Utility
Annual Net Income: 50000.00
Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Community Features: Street Lights
Days on Site: 1
Directions: From 63rd St (Saunders Rd) turn North onto 12th St E then West onto 61st Ave Ter E. Turn North onto 10th St E. Duplex is on the left on the corner with 61st Ave E and 10th St E.
Exterior: Block
Flood Zone Code: X
Flooring: Luxury Vinyl
Foundation: Slab
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.22
Ownership: Fee Simple
Pets Allowed: Yes
Pets Restrictions: See Manatee County for any pet restrictions
Pets Size: Extra Large (101+ Lbs.)
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Call Listing Agent
Special Sale Provisions: None
Utilities: Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water - Multiple Meters, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RDD6
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6116 10th Street E, Bradenton, FL 34203.
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Estimated Payment
$ 2,268.60 per month $1,652.69 Principal & Interest $473.00 Property Tax $142.92 Homeowner's InsuranceChange Payment Information
About this area
About Bradenton
Bradenton—situated on Florida's Gulf Coast—is a vibrant city that blends coastal charm with cultural richness. Surrounded by pristine beaches and the tranquil waters of the Manatee River, Bradenton offers a relaxed coastal lifestyle. The downtown Riverwalk district—with its art galleries, shops, and waterfront parks—reflects the city's commitment to culture and recreation. Home to the Village of the Arts, Bradenton celebrates local creativity and hosts events like the Bradenton Blues Festival. With a mix of historic neighborhoods, modern amenities, and a warm community spirit, Bradenton provides residents and visitors alike with a diverse and inviting Florida experience.
Learn More About Living in Bradenton, Florida
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