16 Unit Short Term Rental Investment Opportunity: Bradenton, FL 34207
Listed by Megan Skaggs, Home Team Luxury Realty
(573) 760-2337 | megan@hometeamluxuryrealty.com
Overview
Prime 16 Unit Short Term Rental Investment in Thriving Bradenton Market
Priced at $8,650,000 with a conservative projection of Annual Gross Revenue at $995,619.
This expansive short term rental property spans 16 units, 2704-2734 49th Ave W in South Bradenton's Bayshore Gardens area, offering stable cash flow, strong appreciation potential, and value-add opportunities. Ideal for investors seeking high-yield returns in Florida's growing economy, with easy access to beaches, highways, and amenities.
Quick Stats
Asking Price
$8,650,000
Projected Gross Revenue
$995,619 Annually
Property Type
Multi-Family, Commercial
Lot Size
~2 Acres
Location Benefits
Proximity to US-41, Bradenton Beach (10 mins), and Tampa/Sarasota hubs
Potential ROI Uplift
15-30% via targeted enhancements
Property Description
Nestled in vibrant Manatee County, this well-maintained multi-family complex features a mix of spacious units (e.g., 2-bed/2-bath layouts, 3-bed/2-bath layouts) across multiple buildings. Key highlights include modern renovations, energy-efficient systems, ample parking, and community spaces ready for upgrades. With 80% occupancy and long-term tenants, it provides immediate income stability while allowing for revenue growth in a high-demand rental market experiencing 5-7% annual appreciation.
Investment Highlights
This property stands out as a low-risk, high-reward asset:
Financial Strength
Projected $995,619 gross revenue from reliable rentals, supporting cap rates ~11.7%. Pro forma financials show strong NOI with room for optimization.
Market Advantages
Bradenton's population growth, tourism boom, and economic drivers (e.g., retail and beaches) ensure appreciation and demand.
Value-Add Opportunities: Enhance ROI with cost-effective upgrades (estimated $100,000-$200,000 investment):
- Pickleball Court: Attract active residents, potentially increasing rents by 10-15% through community events.
- Putting Greens: Add leisure spaces for a premium lifestyle edge, improving marketability. Chance to use the waterfront space
- Fire Pits: Create social gathering areas to foster retention and justify higher rates.
- Sports Courts: Install multi-use (basketball/tennis) facilities on available land, appealing to families and boosting occupancy. These amenities could uplift NOI by 20-30% via elevated rents and reduced vacancies.
- Building 1 Interior Design Refresh: Updating building 1 with a fresh redesign to match building 2 will increase average daily rates.
Financial Metrics Table
| Metric | Value |
|---|---|
| Asking Price | $8,650,000 |
| Projected Gross Revenue | $995,619 annually |
| Potential Cap Rate | ~11.7% |
| Occupancy Rate | 80% |
| Value-Add ROI Potential | 15-30% uplift |
Location & Accessibility
Address: 2704-2734 49th Ave W, Bradenton, FL 34207
Embedded in Bayshore Gardens, enjoy seamless connectivity:
- 10 minutes to Bradenton Beach and coastal attractions
- Close to US-41 for quick Tampa/Sarasota access
- Surrounded by shopping, dining, and growth hubs
ABOUT THE AGENT
Megan Skaggs, Home Team Luxury Realty
With extensive experience in Manatee County short term rental investments, Megan specializes in high-yield STR deals.
Past clients praise her for securing profitable opportunities: “I had a pleasure working with Megan, she was professional, responsive, and always two steps ahead, making the process smooth and stress-free for everyone involved.”
Contact Form:
- Name: Megan Skaggs
- Brokerage: Home Team Luxury Realty
- Email: megan@hometeamluxuryrealty.com
- Phone: (573) 760-2337
Please reach out to inquire about viewings or additional information.
Talk to Megan
Fenton Property Inquiry
Disclaimer: Information deemed reliable but not guaranteed. Verify all details independently. Equal Housing Opportunity. Privacy Policy: [Link].
Note: Prior to viewing, prospective buyers may be subject to a proof of funds check.
Home Team Luxury Realty
Social Links:
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