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  • Price$350,000
  • SQ. Feet2,640
  • Acres0.44
  • Built1947

1900 Bayshore Rd, Palmetto

Awesome Multi-unit Property close to the heart of Palmetto; approximately 1/2 acre adjacent to railroad track on backside, water retention pond to the right and woods to the left..... Very quiet and private spot off of 17th St on Bayshore Road - one block East of business 41. This property boasts a 8.6% Cap Rate at list price, with No deferred maintenance. The occupancy rate has always been 100% and we have a waiting list for interested tenants! The main house, which has been totally remodeled in 2016, with a new roof, all new electric and Mechanicals (central AC)... Long-term tenant has been in place ever since. Adjacent to the main house are three remodeled 2/1 cabins that have been consistently sought after for economical rentals. The value-add for this property is that it is Zoned for Under 10-Unit Property.....WOW!!!!! The opportunities are many!!! Owner has been struggling with wanting to tear everything down and put up a couple multi-unit commercial buildings or just keep current as Cash-Flow COW!

Essential Information

  • MLS® #A4432016
  • Price$350,000
  • Bathrooms0.00
  • Square Footage2,640
  • Acres0.44
  • Year Built1947
  • TypeIncome
  • Sub-TypeFour Units
  • StatusActive

Amenities

  • UtilitiesBB/HS Internet Available, Cable Connected, Electricity Connected

Exterior

  • ExteriorBlock, Wood Frame
  • Exterior FeaturesLighting
  • Lot Description1/4 Acre to 21779 Sq. Ft.

Community Information

  • Address1900 Bayshore Rd
  • AreaPalmetto/Rubonia
  • SubdivisionOrange Park
  • CityPalmetto
  • CountyManatee County
  • StateFL
  • Zip Code34221

Interior

  • HeatingCentral
  • CoolingCentral Air

Additional Information

  • Days on Market174
  • Zoning0801
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Listing information courtesy of Hensley Realty & Property Mgt..

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on September 22nd, 2019 at 4:00am EDT.