| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Poor |
| Demographics | 52nd | Fair |
| Amenities | 32nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2302 Sunset Dr, Bradenton, FL, 34207, US |
| Region / Metro | Bradenton |
| Year of Construction | 1974 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2302 Sunset Dr Bradenton Multifamily Value-Add
Neighborhood renter concentration is moderate and retail amenities are strong, supporting tenant demand even as neighborhood occupancy trends below the metro, according to WDSuite’s CRE market data.
Located in Bradenton’s inner-suburban fabric, the property sits near a retail-rich corridor where grocery and café density ranks competitive among North Port–Sarasota–Bradenton neighborhoods and in the top quartile nationally for both categories. Day-to-day convenience is a clear strength, while the immediate area shows limited park and pharmacy presence, which investors should weigh when shaping amenity packages and resident services.
The neighborhood’s renter-occupied share sits above many metro peers (ranked favorably within a field of 218 neighborhoods), indicating a meaningful tenant base for multifamily. By contrast, neighborhood occupancy trends are below the metro median, which can pressure leasing velocity at weaker assets but also create room for competitive positioning through upgrades and professional management.
Constructed in 1974, the asset is somewhat newer than the neighborhood’s predominantly late-1960s stock. That relative vintage can be competitively positioned versus older mid-century product, though investors should still plan for system modernization or targeted renovations to meet current renter expectations.
Within a 3-mile radius, households have grown in recent years and are projected to expand further, even as household sizes trend smaller. This dynamic points to a larger tenant base over time and supports demand for practical floor plans; the property’s average unit size of 717 square feet aligns with smaller-household living. Median home values in the neighborhood are lower than national averages, suggesting a more accessible ownership market that can add competitive pressure, but rent-to-income levels indicate manageable affordability pressure that can aid retention and steady leasing.
Safety indicators for the neighborhood trend below metro averages, with ranks in the lower tier among the 218 neighborhoods in North Port–Sarasota–Bradenton. Nationally, the neighborhood sits in lower percentiles for safety, signaling comparatively higher reported crime than many U.S. neighborhoods.
Recent estimates indicate year-over-year increases in both property and violent offenses at the neighborhood level. Investors may want to budget for security-minded improvements (lighting, access control, partnerships with local patrol) and reflect this risk in underwriting while monitoring trend direction over subsequent periods.
Proximity to regional corporate offices supports a steady commuter tenant base, with accessible employment in manufacturing, finance, distribution, and healthcare services appearing within a reasonable radius.
- Airgas Store — industrial gases & supplies (4.0 miles)
- Jabil Circuit — electronics manufacturing corporate offices (30.0 miles) — HQ
- Raymond James Financial — financial services (31.5 miles) — HQ
- Cardinal Health — healthcare distribution (33.8 miles)
- Tech Data — IT distribution (34.0 miles) — HQ
This 30-unit, 1974-vintage asset offers a practical value-add path in an inner-suburban location with strong daily conveniences and a meaningful renter base. Neighborhood occupancy trends are below the metro median, but amenity access, projected household expansion within 3 miles, and smaller household sizes support demand for efficient floor plans. Based on CRE market data from WDSuite, the area’s rent-to-income profile suggests manageable affordability pressure, which can aid retention while leaving room for targeted upgrades to drive relative competitiveness.
The vintage provides an edge versus older mid-century stock, yet investors should plan for system updates and selective renovations. Homeownership remains comparatively accessible locally, which can introduce competition, but proximity to regional employers and workforce demand can underpin leasing stability when the asset is well-positioned on value and operations.
- Amenity-rich setting with top-quartile grocery and café access supporting daily convenience and leasing appeal.
- 1974 construction offers relative competitiveness vs. older neighborhood stock, with clear value-add and modernization potential.
- Household growth and smaller household sizes within 3 miles point to a broadening tenant base aligned with efficient unit layouts.
- Manageable rent-to-income dynamics support retention and disciplined rent strategies, per WDSuite’s CRE market data.
- Risks: below-metro neighborhood occupancy and weaker safety metrics warrant security investments and conservative lease-up assumptions.