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2424 Bay Dr - Boutique Waterfront Development

1.39 Acres of Residential Land Offered at $7,016,476 CAD in Bradenton, FL 34207

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Investment Highlights

4,260 SF building with 400 feet of coastline.
Five dock slips in place.
Zoned PD-R and sold with entitlements in place

Potential Gross Income of $1.5M and Net Income of $1.2M.
Plans for pool and six additional units
Two fully renovated and completed units.

Executive Summary

Introducing an extraordinary investment opportunity in the heart of the highly sought-after Bradenton-Sarasota-North Port area. This remarkable 4,260 SF property, consisting of two fully renovated units, offers exceptional income potential with a projected $1.5M in Gross Income and $1.2M in Net Income. Boasting 400 feet of pristine coastline and five dock slips in place, this waterfront gem is a rare find. Sold with entitlements and in place, plus plans for a pool and six additional units, this property is primed for expansion and increased revenue generation, making it an enticing prospect for the savvy Multifamily and Single Family Rental Portfolio investor.
Located in the thriving Bradenton-Sarasota-North Port market, the Treetops Bay property offers an attractive investment opportunity for Multifamily and Single Family Rental Portfolio investors. Surrounding the area are vibrant attractions such as the stunning Gulf Coast beaches, Robinson Preserve, and the South Florida Museum. With a variety of dining, entertainment, and recreational options nearby, this location provides a desirable living experience for residents. The property's prime location within this dynamic region makes it a compelling choice for investors seeking to capitalize on the area's strong rental market and growth potential.
Sale Price: Subject to Offer
NOI: $79,895
Cap Rate: 1.34%

Property Facts

Price	$7,016,476 CAD	Property Subtype	Residential
Sale Type	Investment	Total Lot Size	1.39 AC
No. Lots	1	Parcel Number	67916-0005-6
Property Type	Land

Price	$7,016,476 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	1.39 AC
Parcel Number	67916-0005-6

1 Lot Available

Lot

Price	$7,016,476 CAD	Lot Size	1.39 AC
Price Per AC	$5,047,825 CAD

Price	$7,016,476 CAD
Price Per AC	$5,047,825 CAD
Lot Size	1.39 AC

400 feet of coastline along a 1.39 acre lot.

Description

Located in the thriving Bradenton-Sarasota-North Port market. Boasting 400 feet of pristine coastline and five dock slips in place, this waterfront gem is a rare find. This property is primed for expansion and increased revenue generation, making it an enticing prospect for the savvy Multifamily and Single Family Rental Portfolio investor.

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