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Under contract-accepting backup offers. ***Total of Four 1 Bedroom 1 Bathroom Units*** Fantastic Investment Opportunity in Bradenton! Located at 2503 10th St W, this property features two separately metered duplexes, both consisting of two 1-bedroom, 1-bathroom units, offering both privacy and convenience. Each duplex has a shared laundry room with washer and dryer hookups, providing added value and potential for tenant convenience.
This property has been well-maintained, with recent updates including newer roofs, blown-in insulation for improved energy efficiency, additional storage space, and partially updated plumbing and electrical systems. These upgrades ensure the property remains in solid condition and ready for long-term investment.
Nestled on a generous 10, 001 sq. ft. lot, this property is zoned T4-O General Urban Open by the City of Bradenton, which opens the door to a wide variety of potential uses, whether for continued residential rentals, or for commercial development. The zoning flexibility adds significant upside potential for future growth or re-development.
All units are currently occupied by long-term tenants on month-to-month leases, providing immediate rental income and an ideal situation for an investor looking to hold or eventually transition the property for other uses.
In addition to its investment potential, this property offers great proximity to some of the best attractions in the area. The pristine Bradenton Beach and the famous Coquina Beach on Anna Maria Island are just a short drive away, offering sandy shores and great local dining options. Downtown Bradenton with its vibrant shops, restaurants, and cultural activities is also nearby, making this location both desirable and convenient for tenants or future buyers. With the combination of a desirable location, zoned commercial potential, and well-maintained structures, this property is a must-see for investors seeking an income-generating asset in a growing area.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $359,200 | $359,200 | $359,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $285 | $285 | $285 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,241 | $2,360 | $3,007 |
Total Monthly Payment | $2,601 | $2,720 | $3,367 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.