6116 10th Street E, Bradenton, FL 34203
- $490,000
- 6
- BD
- 4
- BA
- 1,992
- SqFt
- List Price
- $490,000
- Status
- Active
- Days on Market
- 2
- MLS#
- A4709675
- Property Style
- Duplex
- Year Built
- 1979
- Bedrooms
- 6
- Bathrooms
- 4
- Living Area
- 1,992
- Price per sq. ft.
- 245.98
- Lot Size
- 9,714
- Acres
- 0.22
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Cayman Too
- Community Name
- Cayman Too Subdivision
- MLS Area Major
- Bradenton/Braden River/Lakewood Rch
Property Description
INVESTOR OPPORTUNITY • $4,515 MONTHLY RENTAL INCOME • UPDATED DUPLEX • NEW ROOF 2022 • CLOSE TO THE 1% RULE! Looking for an income-producing property that makes financial sense? This updated Bradenton duplex offers an attractive opportunity for investors seeking immediate cash flow, established tenants, and long-term investment potential. Offered at $490,000 and currently generating $4,515 per month in rental income ($54,180 annually), this property comes remarkably close to the popular 1% rule—an increasingly challenging benchmark for investors seeking income-producing real estate. Both units are currently occupied by long-term tenants who would love to stay, offering the new owner the opportunity to step into an established rental property with income already in place. EACH UNIT FEATURES 3 BEDROOMS, 2 FULL BATHROOMS, AN INSIDE LAUNDRY ROOM, AND A DESIRABLE SPLIT-BEDROOM FLOOR PLAN. Both sides have been updated, making the property attractive to tenants while helping minimize the need for immediate improvements. A NEW ROOF INSTALLED IN 2022 adds even more value and peace of mind. For the numbers-driven investor, this property offers a gross rental yield of approximately 11.1% at the asking price, before operating expenses. With two income-producing units, established tenants, and major improvements already completed, this duplex deserves serious consideration for any investment portfolio. And the possibilities don't stop there! For buyers looking to combine homeownership with rental income, this property offers an excellent HOUSE-HACKING OPPORTUNITY. Subject to existing lease terms, live in one unit while renting the other to help offset your mortgage payment and build equity. Whether you're expanding an existing rental portfolio, purchasing your first investment property, or planning for future owner occupancy, this duplex offers flexibility, income potential, and an attractive entry into multifamily investing. TWO UPDATED UNITS. ESTABLISHED RENTAL INCOME. ONE SMART INVESTMENT OPPORTUNITY. Schedule your showing today!
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Additional Information
- Taxes
- $5676
- Annual Gross Income
- 54180
- Community Features
- Street Lights, No Deed Restriction
- Zoning
- RDD6
- Interior Features
- Eat-in Kitchen, Primary Bedroom Main Floor, Thermostat
- Floor
- Luxury Vinyl
- Appliances
- Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
- Utilities
- Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water - Multiple Meters, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Exterior Features
- Fence
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Elementary School
- Blanche H. Daughtrey Elementary
- Middle School
- W.D. Sugg Middle
- High School
- Bayshore High
- Pets
- Allowed
- Pet Size
- Extra Large (101+ Lbs.)
- Flood Zone Code
- X
- Parcel ID
- 6559811002
- Legal Description
- LOT 20 CAYMAN TOO SUB PI#65598.1100/2
Listing courtesy of FINE PROPERTIES. 941-782-0000
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