Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Address: 4502 3RD ST CIR Multiple
Neighborhood: Burgundy Unit Two Association, 34207 - Bradenton/fifty Seventh Avenue, Burgundy Condominium
Property Taxes: $11,444
13% Net Operating Income with 70% Financing! 7.4% Net Operating Return on a 100% Cash Investment! High demand for these rental condos. There are twelve 1 bedroom 1 bath units and one 2 bedroom 2 bath unit, all located in six different buildings. Some units have been remodeled and all units are in good shape. Great group of tenants with all current on rents. Some owner financing may be available. Great cash flowing multi-family property! All condos in this complex are privately owned. Burgundy Condos are located just 3 blocks east of Tamiami Trail and just 3 blocks south of Cortez Rd. The property is located in Manatee County and considered part of the greater Tampa Bay MSA. The buildings consist of concrete block masonry construction with concrete foundation. There are 225 total units in the complex so the investor can increase his holdings as units become available. Each living unit boasts large living spaces. Three have Washer/Dryers in the units and there is a coin operated laundry facility in the complex. Other amenities include a community pool, tennis courts, shuffle board, and a clubhouse. Water, sewer, and garbage and central hot water are all included in the condo fee. These units have continually operated at 100% occupancy with many long term tenants and normally a wait list of potential tenants. Professional management is available.
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