| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Poor |
| Demographics | 52nd | Fair |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2045 60th Ave W, Bradenton, FL, 34207, US |
| Region / Metro | Bradenton |
| Year of Construction | 1972 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2045 60th Ave W Bradenton 27-Unit Multifamily
Neighborhood amenity access and a 1972 vintage point to practical value-add potential and demand from nearby service employment, according to WDSuite s CRE market data.
Located in Bradenton s inner-suburban fabric, the property sits in a neighborhood that ranks around the metro median on overall livability yet offers strong daily convenience. Caf e9 and grocery density are competitive among North Port Sarasota Bradenton neighborhoods (ranks 8 and 7 out of 218), placing the area in the top quartile nationally for these amenities, while parks, pharmacies, and childcare are relatively limited. For investors, this mix suggests walkable essentials that can aid leasing, with fewer lifestyle amenities that might otherwise differentiate the location.
The neighborhood s housing stock skews similar in age to the local average (1960s 70s). With a 1972 construction year, the asset may require targeted capital planning for systems and interiors; the upside is the opportunity to modernize and reposition against older nearby stock.
Unit tenure data indicate a modest renter concentration locally (renter-occupied share near three-tenths), implying a shallower immediate tenant base than more renter-heavy subareas. However, within a 3-mile radius, households have grown even as average household size has trended smaller, expanding the potential renter pool over time. Forward-looking projections in WDSuite point to additional household growth, which supports occupancy stability as upgrades enhance competitiveness.
Affordability dynamics are mixed. Neighborhood rent-to-income metrics signal some affordability pressure to monitor for lease management, yet home values in this area are relatively lower versus national medians. That ownership cost backdrop can create competition with entry-level buying, but well-executed renovations and convenience to services can sustain renter reliance on multifamily housing.
Safety indicators for this neighborhood trend below both metro and national benchmarks. Within the North Port Sarasota Bradenton metro, the area ranks near the bottom (measured against 218 neighborhoods), and national comparisons place it below average for safety. Recent year-over-year estimates also point to an uptick in both property and violent offense rates, based on WDSuite s data.
For underwriting, this suggests a need to account for security measures and tenant screening, as well as management practices that support retention. Comparative positioning can still work if pricing reflects risk and property upgrades create a preferable option relative to nearby choices.
Regional employment is anchored by corporate offices across industrial gases, electronics, financial services, healthcare distribution, and IT distribution, supporting commuter convenience and a steady renter pipeline for workforce housing.
- Airgas Store corporate offices (3.9 miles)
- Jabil Circuit corporate offices (29.6 miles)
- Jabil Circuit corporate offices (30.1 miles) HQ
- Raymond James Financial financial services (31.5 miles) HQ
- Cardinal Health healthcare distribution (33.8 miles)
- Tech Data IT distribution (34.1 miles) HQ
This 27-unit, 1972-vintage asset offers a pragmatic value-add thesis in an inner-suburban Bradenton location with strong daily convenience. Caf e9 and grocery density are competitive locally and in the top quartile nationally, while limited park and pharmacy presence suggests a focus on essentials over lifestyle amenities. Based on CRE market data from WDSuite, neighborhood occupancy lags the metro, so upgrades and focused management are key to capturing share.
Demand fundamentals lean supportive at the larger trade-area level: within a 3-mile radius, households have increased despite slightly softer population trends, indicating smaller household sizes and a broader renter pool. Income levels have been rising and rents are projected to grow, which can support revenue once renovations improve positioning. Ownership costs are relatively accessible here, introducing some competitive pressure from entry-level buying, but convenience and refreshed interiors can sustain leasing and retention.
- Value-add path: 1972 vintage allows targeted CapEx to modernize systems and interiors
- Amenity support: strong caf e9/grocery density aids leasing and daily convenience
- Broader demand: 3-mile household growth and shrinking household size expand the renter base
- Pricing power potential: income gains and rent growth expectations underpin a renovation-led strategy
- Risks: below-metro safety metrics and lower neighborhood occupancy require hands-on management and underwriting discipline