11 Units Fully Leased - Palmetto

Multi-Family for Sale
Catylist Listing ID: 30251023
Property Subtypes: Duplex/Fourplex
Number of Units: 11 Units
Building Size (RSF): 7,822 SF
Gross Building Area: See Agent
Sale Price: $881,000
Unit Price: $80,090.91 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/29/2019

Overview / Comments

West Parcel: ID 2650800002 = 7 units $553,000. Approximate NOI: $35,977. Six 3br/1 bath units; 1 2br/1 bath unit.

East Parcel: ID 2649900004 = 4 units $328,000. Approximate NOI: $19,933. Four 2br/1 bath units. (east parcel sale includes adjacent vacant lot 5,763 sq. ft. ID 2650000009 )

Commercial zoning will allow for future commercial land use, per City of Palmetto.

The information provided above is believed to be accurate but is not warranted by Wyman, Green & Blalock Real Estate, Inc.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 2650800002; 2649900004; 2650000009
Zoning: PL-CG
Percent Occupied: 100%
Total Number of Buildings: 5
Property Condition: Average
Number of Stories: 1
Construction/Siding: Block
Parking Type: Surface
Heat Type: Other
Heat Source: Other
Fuel: Electric
Air Conditioning: Window Unit
Zoning Description: Multi family use; Palmetto general commercial zoning
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,100 60,133 165,813
Median Age: 37.6 39.06 43.78
Households: 3,468 22,477 69,188


Photograph of Listing Agent

William M Blalock

MFCRE Member
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