FL
Manatee
BRADENTON
34203
1207 62ND E AVENUE
1207 62ND E AVENUE, BRADENTON, FL 34203
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Listing Type
Multi Family
Listing Status
Active
44
$599,900

Home Details for 1207 62ND E AVENUE

Price
$599,900
Type
Residential Income
Bedrooms
6
Total Bathrooms
4
Square feet
2036
Year built
1985
Lot size acres
0.09
County
Manatee
MLS Listing#
TB8533283
Property Description

Priced at $599,900 with an estimated NOI of $40,605, this fully renovated duplex delivers a cap rate of roughly 6.8% right out of the gate — a turnkey income property with no deferred maintenance to eat into returns. Both units are currently occupied by strong, reliable tenants generating a combined $4,040 per month in rent, with one unit at $2,095 and the other at $1,945, giving a new owner immediate and stable cash flow from day one. Adding to the opportunity, this duplex is part of a package of four buildings situated right next to one another, with three additional duplexes also available for sale. For an investor looking to scale quickly, acquiring the full grouping offers the chance to build instant density in a single location — simplifying management, maintenance, and future disposition while multiplying the income stream. Each building can be purchased individually, but the adjacency of all four makes this a rare chance to control an entire pocket of well-maintained, income-producing real estate. This is not a fixer that will drain your reserves. Both units have been taken down to the studs and completely renovated, with a roof replaced just five years ago meaning one of the largest capital expenses is already handled. Inside, the kitchens and bathrooms have been extensively upgraded and finished with quartz countertops that give the interiors a clean, modern appeal tenants are willing to pay for. Each master bathroom features a walk-in shower, adding to the elevated, move-in-ready feel that keeps quality tenants in place and turnover low. For an investor looking to add a low-maintenance, income-producing asset to their portfolio, this property checks the boxes that matter: recent capital improvements, quality finishes, and in-place tenants at market rents. Whether you purchase this building on its own or pursue the full four-building package, this is an opportunity to acquire cash-flowing real estate that's already been brought up to a high standard. Reach out today to review the financials and schedule a private showing.

Property Features
  • Utilities
    • Cable Available
    • Cable Connected
    • Electricity Connected
    • Phone Available
    • Sewer Connected
    • Water Connected
  • Heating Information
    • Central
    • Electric
    • Heat Pump
  • House Interior
    • Eat-in Kitchen
    • Stone Counters
  • Cooling Information
    • Central Air
  • Water Features
    • Private
  • Parking
    • Driveway
Listing Courtesy: POWELL REALTY - 904-422-1224
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.
Last Updated: 2026-08-15 14:50:10
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EXIT KING REALTY
8728 East State Rd 70, Bradenton, FL 34202
Office
941 497 6060
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