Description of 1112 MANATEE AVENUE E, BRADENTON, FL 34208
INVESTOR SPECIAL ON THIS CLASS A 27,084 SQ FT 2 STORY OFFICE BUILDING LOCATED IN DOWNTOWN BRADENTON: 1 MILE EAST OF MANATEE MEMORIAL HOSPITAL: BUILDING HAS BEEN COMPLETELY REPAINTED INSIDE AND OUT: NEW ROOF 2015: FIRE SPRINKLERS: ELEVATOR: WHEELCHAIR ACCESSIBLE: ADA BATHROOMS: CURRENTLY RENTED TO A QUALITY TENANT. TENANT HAS SIGNED A NEW 5 YR LEASE WITH A 5 YR OPTION STARTING JULY 1, 2018: GROSS INCOME WILL BE $361,074 PER YEAR, EXPENSES $85,000 AND NET INCOME $276,074 PER YEAR, WITH A CAP RATE OF 7%. CURRENT LEASE STARTED IN JULY 1, 2013 WITH A CURRENT INCOME OF $335,390, EXPENSES OF $85,000 AND NET INCOME IS $250,591 PER YEAR.
Directions to 1112 MANATEE AVENUE E, BRADENTON, FL 34208
FROM HWY 41 GO EAST ON MANATEE AVE TO 12 ST EAST TO BUILDING:
Features of 1112 MANATEE AVENUE E, BRADENTON, FL 34208
- Central air
- Central heat
- Zoned heat
- Block exterior
- Stucco exterior
- Frontage: 352
- Lot acreage is: 1.60
- Lot dimension is: 203x352
- Lot number: 2
- Lot zoned: UCC
- Security system
- Tile flooring
- City water
- Public sewer
- Construction status: Existing
- Tax year: 2016
Mortgage Payments for 1112 MANATEE AVENUE E, BRADENTON, FL 34208
The approximate monthly Principal & Interest payment for this property would be $20,428. This payment is based on a 30-year loan at a fixed rate of 3.90 % with a down payment of $390,000. Actual lender interest rates and loan programs may vary.
Use our Mortgage Payment Calculator to determine a more exact payment estimate.