$439,000
Pending · 3 days on market · MLS# MFRA4658934
| Bedrooms | 4 |
|---|---|
| Living area | 1,952 sq ft |
| Lot size | 0.24 acres |
| Year built | 1910 |
| Property type | Multi Family |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $6,417 |
| County | Manatee |
This fully leased, two-story, five-unit multifamily property is a rare investment opportunity located just one block from Safe Harbor Marina and within 1 mile distance to Palmetto’s charming historic district. Surrounded by waterfront parks, local shops, and popular restaurants, the property is ideally situated to attract long-term tenants and capitalize on the area's continued growth. Each of the five residential units is currently occupied, with all tenants on month-to-month leases, providing consistent income with the flexibility for future rent adjustments or repositioning. The building includes shared laundry facilities for tenant convenience, as well as open parking and a welcoming front porch that enhances the property's curb appeal and communal atmosphere. With a strong rental history and a location that blends coastal living with everyday convenience, this property is perfect for investors seeking steady cash flow and long-term upside. Whether you're expanding your portfolio or entering the multifamily market, this is a turnkey asset in one of Palmetto’s most desirable and walkable neighborhoods. Financials are available upon request. This is a prime opportunity to own income-generating real estate just steps from the waterfront.
Listing courtesy of Tina Timmons, ROSEBAY INTERNATIONAL REALTY, INC. Presented by MC Homes Realty Inc · 727432218.