Matthews Logo

Navigation Menu

2619 45th Ave W, Bradenton, FL, 34207

Bella Strada Apartments
$1,300,000

Key Information

Cap Rate
9.06%
GRM
8
$ per SF
$195
Tot. SF
6,661
$ per unit
$217,000
Units
6
Year Built
1971
Type
Apartments
Occupancy
100%
NOI
$119,538

Highlights

  • Located within one of the region’s strongest employment markets and boasting some of the lowest vacancy rates in SW FL
  • 219,235 residents within a 5-mile radius
  • Dynamic unit mix: two 1-bed/1-bath units, three 2-bed/1-bath units, and one 3-bed/1- bath unit
  • Single-story, townhome-style layouts with private entrances, patios, and fenced-in backyards in 4 of the 6 units
  • In-unit laundry rooms with washer and dryer in all units except 1BR/1BA floorplans
  • Renovated in 2022: all units include updated kitchens and bathrooms
  • Efficient design that promotes resident retention and supports strong rent
  • No deferred maintenance and minimal capital expenditure required
  • Two of the three buildings constructed with concrete block
  • Located in Flood Zone X (outside high-risk flood areas, reducing insurance exposure)
  • Additional upside through land monetization and future rent optimization

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203