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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!
- MLS® #A4432016
- Square Footage2,640
- Year Built1947
- Sub-TypeFour Units
- UtilitiesBB/HS Internet Available, Cable Connected, Electricity Connected
- ExteriorBlock, Wood Frame
- Exterior FeaturesLighting
- Lot Description1/4 Acre to 21779 Sq. Ft.
- Address1900 Bayshore Rd
- SubdivisionOrange Park
- CountyManatee County
- Zip Code34221
- CoolingCentral Air
- Days on Market174
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.