$13,000

920 3rd Street W

BRADENTON FL, 34205

Description

Fantastic Opportunity for AFFORDABLE HOUSING in this downtown Bradenton area. It allows setbacks as little as five feet and very flexible design parameters. Seller has survey that has been completed very recently. It is located in Opportunity Zone (Low-Income Community - #12081000103). The Opportunity Zone Program aims to foster economic development and job creation in economically distressed communities.It was created by the Federal Tax Cuts and Jobs Act of 2017 to encourage businesses, developers and financial institutions to invest long-term capital in low-income census tract areas. These areas were designated as Qualified Opportunity Zones by the U.S. Department of Treasury in June 2018. Treasury has approved 8,760 Qualified Opportunity Zones, which are in all 50 states, five territories and the District of Columbia. Investments are made in Opportunity Zones through U.S. Treasury Qualified Opportunity Zone Funds, which must invest over 90 percent of their assets in Qualified Opportunity Zone properties and businesses. Qualified Opportunity Zone Funds attract investors through possible tax benefits. Tax benefits can accrue once unrealized capital gains from other investments are rolled into Qualified Opportunity Zone Funds. Check out Opportunity Zones Programs for further information.

Details

MLS#A4462841
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site20

Features

ZoningC1A/UCBD
Acreage0.07

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Area Information

StateFL
CityBRADENTON
Zip Code34205
Area34205 - Bradenton
Listing VS Median (in 34205)
Price:
$13,000
low | high
Med:
$164,900
100% of Average
On Site:
20
low | high
Med:
124
16.129032258065% of Average
Listing Updated: 03/31/2020
MLS Number: A4462841
Listing Provided By:
Kay Winefordner  of  BAY VISION REALTY INC

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