This newly renovated investment property, fully leased with a government tenant, presents a unique and appealing opportunity for investors seeking stability and minimal maintenance. The ten-year lease with a government tenant ensures a dependable and consistent income stream, boasting a 7.5% CAP rate. Government tenants provide enhanced investment stability due to their reliable payment schedules and low default risk, making this an attractive option for discerning investors.
The recent comprehensive renovations include new electrical systems, plumbing, roofing, air conditioning units, ductwork, interior framing, insulation, and fresh paint, ensuring minimal maintenance costs and a hassle-free ownership experience. Investors can effortlessly acquire a well-maintained and operational asset without needing extensive updates.
Don’t miss the chance to enhance your portfolio with this premium property. Contact the listing broker for detailed financial information, including rent rolls and lease specifics.
The recent comprehensive renovations include new electrical systems, plumbing, roofing, air conditioning units, ductwork, interior framing, insulation, and fresh paint, ensuring minimal maintenance costs and a hassle-free ownership experience. Investors can effortlessly acquire a well-maintained and operational asset without needing extensive updates.
Don’t miss the chance to enhance your portfolio with this premium property. Contact the listing broker for detailed financial information, including rent rolls and lease specifics.
Property Details
Price:
$1,155,000
MLS #:
U8223569
Status:
Active
Beds:
0
Baths:
0
Address:
602 S MARTIN LUTHER KING JR AVENUE
Type:
Commercial
Subtype:
Office
Subdivision:
MAGNOLIA PARK
Neighborhood:
33756 – Clearwater/Belleair
City:
CLEARWATER
Listed Date:
Dec 12, 2023
State:
FL
Finished Sq Ft:
4,400
Total Sq Ft:
4,400
ZIP:
33756
Lot Size:
17,071 sqft / 0.39 acres (approx)
Year Built:
1964
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Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Block
Financial
Tax Year
2022
Taxes
$6,192
Map
Community
- Address602 S MARTIN LUTHER KING JR AVENUE CLEARWATER FL
- SubdivisionMAGNOLIA PARK
- CityCLEARWATER
- CountyPinellas
- Zip Code33756
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Courtesy of MAVREALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 602 S MARTIN LUTHER KING JR AVENUE
CLEARWATER, FL
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