Multi-Family Space For Lease @ 516 7th Ave W

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 a month (units 1-3) and $875.00 a month (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. This space offers accomodations for: lowrisegarden.