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: $935,000
Unit Price: $85,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/16/2018

Overview / Comments

West Parcel: ID 2650800002 = 7 units $85,000/unit $595,000. Approximate NOI: $35,977. Six 3br/1 bath units; 1 2br/1 bath unit.

East Parcel: ID 2649900004 = 4 units $85,000/unit $340,000. Approximate NOI: $19,933. Four 2br/1 bath units.

Adjacent to East Parcel vacant lot: ID 2650000009 5,763 sq. ft. +$20,000 to East parcel sale.

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

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

Contact

Photograph of Listing Agent

William M Blalock

WYMAN GREEN BLALOCK RL EST INC
MFCRE Member
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