Unleash Your Investment Potential at 7 Lake Manor!
Ownership is quite negotiable on pricing and utilizing the assumable financing in place, this could be the one asset to add to your portfolio.
Dive into this exclusive opportunity to own a fee simple interest in 7 Lake Manor, a thriving 29-unit multifamily community nestled in the heart of Manatee County, Florida.
Seize the chance to acquire this gem at an attractive price of $6,277,000, with the added benefit of assuming a first mortgage & note (Fannie Mae) locked in at a competitive rate of approximately 4.1%.
Unlock the value of a second assumable mortgage, offered by the same lender, resulting in a blended rate of around 5.2%—a deal that stands out in today's market.
There is even a possibility of a small seller carryback if the transaction may require that conversation.
Embark on a confidential journey with us to explore 7 Lake Manor, where discretion is key, and the potential for ROI is limitless.
Immerse yourself in the lush surroundings of 29 townhome units spread across 4 buildings, each meticulously designed with 2 bedrooms, 1 1/2 bathrooms, and modern amenities.
Elevate your investment portfolio with professionally managed interiors, complete with upgraded features and in-unit washer and dryer setups for tenant convenience.
Discover the untapped potential of adding pet-friendly policies, offering a lucrative upside of approximately $200 per unit, while enhancing tenant satisfaction with a dedicated dog run area.
Embrace the serene views of Rainbow Lake from select units, complemented by privacy-enhancing PVC fencing and potential future revenue streams through covered parking options.
Experience peace of mind with newer construction (2008), recent roof replacements, and strategic water management features, ensuring a secure and sustainable investment for years to come.
Seize the moment to capitalize on existing deferred maintenance, as ownership invests in property enhancements, setting the stage for a profitable and rewarding ownership experience at 7 Lake Manor.
Location Summary
Located in the heart of Manatee County, 7 Lake Manor offers ease of access to a plethora of places and events your future tenants desire. Jobs, grocery, gas, entertainment, restaurants, travel, etc.
BRADENTON INTERNATIONAL AIRPORT (SRQ)
• The Sarasota-Bradenton International Airport will receive $21.5 million
for terminal expansion and baggage improvements
• 11 airlines now provide nonstop service to 56 destinations
ST.PETE - CLEARWATER INTERNATIONAL AIRPORT
• Served over 2.3 million passengers in 2023 and is one of North America’s
fastest growing medium sized airports
• 2022 Aiport of the Year in the small-medium sized airports category
(Transportation Security Administration, 2022-2023)
UNIVERSITY OF SOUTH FLORIDA
(Sarasota-Manatee Campus)
• Over 50,000 students enrolled annually
• 15,000+ employees
• Ranked among the Top 100 Public Universities
• Has a local economic impact of more than $3.7 billion in annual
revenue for Tampa
State College of Florida (SCF)
• Over 8,600 students enrolled
• 25:1 student to teacher ratio
• SCF is a member of the Association of Florida Colleges and the Southern Association of Colleges and Schools Commission on Colleges.
IMG Academy
• Over 1,500 students enrolled annually
• 17 varsity sports offered
• Fully accredited and (NAIS) (NHS) (NJHS)
NEW COLLEGE OF FLORIDA
• A state university system of Florida’s designated honors college,
800-850 students enrolled annually, 110-acre campus
Medical Industry stalwarts nearby
• Manatee Memorial Hospital
• 300+ Beds
• 800+ Doctors, physicians & allied health professionals
• Intercoastal Medical Group
• 100+ Physicians & health professionals
• 10 locations across Bradenton & Sarasota
