Contacts

Adam Doak

American Property Group of Sarasota

Property Details

Property Type Multi-Family
Property Size 8,748 SF
Units 9
Lot Size 1.95 Acre
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Year Built 1982
Year Renovated 2022
Date Updated Dec 13, 2024

SILK OAK CONDO including units 2434, 2420, 2452, 2454, 2444, 2438, 2424, 2426, 2450.American Property Group presents an 9 - unit purchase in Silk Oak Condo Park. Buyer will acquire 9 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. $130,518 (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 = $109,818 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. $130,518 (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 9 condos. Seller will not do individual sales or anything below all 9. * 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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Getting around

48/100
Walk Score ®
28/100
Transit Score ®
41/100
Bike Score ®

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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

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