1112 MANATEE AVENUE E, BRADENTON, FL 34208
$3,900,000
Commercial 27,320 Square Feet Taxes: $46,465.00 Built in 2001 Listed on 08/07/2015 MLS # T2772924

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

Heating/Cooling

  • Central air
  • Central heat
  • Zoned heat

Exterior

  • Block exterior
  • Stucco exterior

Lot

  • Frontage: 352
  • Lot acreage is: 1.60
  • Lot dimension is: 203x352
  • Lot number: 2
  • Lot zoned: UCC

Interior

  • Carpet
  • Elevator(s)
  • Security system
  • Tile flooring

Roofing

  • Builtup

Utilities

  • City water
  • Public sewer

Construction

  • Construction status: Existing

Other

  • 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.