Description
Now available and located in the center of the City of Palmetto. Amazing location within walking and biking distance to restaurants, shopping, marinas, and other events! This 4 plex includes 4 one bedrooms that have always been leased. Each unit is under rented and should be increased immediately. All tenants are on Month to Month. Each unit has a kitchen, living room, private restroom and a community balcony with ceiling fans. Large parking area with a backyard. This one will move fast!
Current MTM Tenants are paying $650.00 (units 1-3) and $875.00 (unit 4)
Market Rents for comparable 1 bedroom apartments are $1,000 a month or more. Some simple updates would bring in much more.
Pro Forma gross income with market rents = $48,000 a year.
*4 Electric Meters, One Water Meter, Roof +/- 11 years old, Windows facing the south side replaced +/- 5 years ago.
Property Highlights
- Property Type: Multi Family, Quadruplex
- MLS #: A4541289
| Area |
34221 - Palmetto/Rubonia |
| Number of Units Total |
4 |
| Property Subtype |
Residential Income |
| Property Type |
Quadruplex |
| Subdivision |
Willis Add To Palmetto |
| Taxes |
$3,596 |
| Utilities |
Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Available, Water Connected |
| Total Baths |
4 |
| Total Beds |
4 |
| Cooling |
Wall/Window Unit(s) |
| Exterior Features |
Balcony |
| Heating |
Electric |
| Interior Features |
Other |
| Interior Square Footage |
3,072 |
| Lot Size Acres |
0.17 |
| Lot Size Square Feet |
7,392 |
| Roof |
Shingle |
| Sewer |
Public Sewer |
| Water Source |
Public |
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