8 Unit Condo Portfolio Sale at Silk Oak

For Sale

2424 36th Avenue West, Bradenton, FL 34205

This Bradenton property for sale is located at 2424 36th Avenue West. The current listed sale price for 8 Unit Condo Portfolio Sale at Silk Oak is $1,297,000. 8 Unit Condo Portfolio Sale at Silk Oak is situated on a lot that is 1.95 acre in size.

Contacts

broker

Adam Doak

American Property Group of Sarasota

Property Details

  • Property Type Multi-Family
  • Property Size 7,776 SF
  • Units 8
  • Lot Size 1.95 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1982
  • Year Renovated 2022
  • Date Updated Nov 13, 2024
SILK OAK CONDO including units 2434, 2420, 2452, 2454, 2444, 2438, 2424, 2426.American Property Group presents an 8-unit purchase in Silk Oak Condo Park. Buyer will acquire 8 condo units out of the total 24 units in this park. Lease friendly condominium! With 5 tenants on month to month and two having leases coming due end of Oct 2024 along with Jan 2025 a market NOI of approx. $116,200 (9 CAP+/-) is within easy reach. (See the pro forma included in the rent roll) Consistent superior investment property with recent remodeling completed and below market rents! Always 100% leased! Each unit has approx. 972 sf with 2 bedrooms and 2 bathrooms. Most units have been remodeled from floor to ceiling with minimal to no work needed from a new owner. Each apartment includes a full kitchen, living room area, dining area, full bathroom, washer/dryer hook up space, primary bedroom with its own private restroom. Silk Oak has just undergone a full re roof with completion now done in 2024. For complete details including rent roll, 2024 budget, condo docs please complete the NDA attached to the brochure! Current NOI = $95,800 With 5 tenants on month to month and two having leases coming due end of Oct 2024 along with Jan 2025 a market NOI of approx. $116,200 (9 CAP+/-) is within easy reach. (See the pro forma included in the rent roll) * NDA must be completed for more income information. * This is a sale that includes all 8 condos. Seller will not do individual sales or anything below all 8. * If you visit the property, please do not disturb the current tenants. * Sellers requests prior to a full interior tour that an agreed offer be accepted, approval letter, and/or proof of funds. Once this is met prior to escrow buyer(s) will receive a tour of each apartment. This is to minimize foot traffic as these are apartments in quality shape and we do not want to alarm the sellers' valued tenants.

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Attachments

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Location

  • City Bradenton, FL
  • Neighborhood South Bradenton
  • Zip Code 34205
  • Market Southwest Florida Coast

Points of Interest

  • Wawa

    0.42 miles

  • 7-Eleven

    0.47 miles

  • Citgo

    1.54 miles

  • Mobil

    1.56 miles

  • Shell

    1.60 miles

  • Walmart

    1.83 miles

  • RaceTrac

    2.08 miles

  • BP

    2.15 miles

  • Publix Supermarket at Lockwood Commons

    5.15 miles

  • EVgo

    5.26 miles

  • Overflow Parking

    2.02 miles

  • City Centre Parking Garage

    2.20 miles

  • Lewis Park parking lot

    2.21 miles

  • Riverwalk Lot

    2.41 miles

  • Starbucks parking

    3.10 miles

  • Publix

    3.83 miles

  • Robinson Preserve South Parking Lot

    5.48 miles

  • Short Term Parking

    5.99 miles

  • Rental Car Parking

    6.00 miles

  • Shade Parking

    6.07 miles

  • Manatee Inn - Best Western

    0.52 miles

  • Baxter's Motel

    0.76 miles

  • 9th St West Motel

    1.16 miles

  • Days Inn by Wyndham Bradenton - Near the Gulf

    1.36 miles

  • TownePlace Suites Sarasota Bradenton West

    1.98 miles

  • Legacy Hotel

    2.14 miles

  • Hampton Inn & Suites

    2.19 miles

  • SpringHill Suites Bradenton Downtown/Riverfront

    2.26 miles

  • Courtyard Bradenton Sarasota/Riverfront

    2.56 miles

  • Super 8

    3.12 miles

  • Sprouts Farmers Market

    0.91 miles

  • Gordon Food Service

    1.03 miles

  • Macy's

    1.18 miles

  • DeSoto Square Mall

    1.25 miles

  • Publix

    1.35 miles

  • ALDI

    1.46 miles

  • India Bazaar

    1.49 miles

  • Bealls Outlet

    1.56 miles

  • Walmart Supercenter

    1.87 miles

  • Acapulco Tropical Supermarket

    1.92 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Adam Doak

American Property Group of Sarasota