Active

$439,000

Features:
  • 4 Bedrooms
  • 5 Bathrooms
  • 1952 sq ft
Overview
  • ID: MFRA4658934
  • Bedrooms: 4
  • Bathrooms: 5
  • Size: 1952 sq ft
Property Details
Remarks
This fully leased, two-story, five-unit multifamily property is a rare investment opportunity located just one block from Safe Harbor Marina and within 1 mile distance to Palmetto’s charming historic district. Surrounded by waterfront parks, local shops, and popular restaurants, the property is ideally situated to attract long-term tenants and capitalize on the area's continued growth. Each of the five residential units is currently occupied, with all tenants on month-to-month leases, providing consistent income with the flexibility for future rent adjustments or repositioning. The building includes shared laundry facilities for tenant convenience, as well as open parking and a welcoming front porch that enhances the property's curb appeal and communal atmosphere. With a strong rental history and a location that blends coastal living with everyday convenience, this property is perfect for investors seeking steady cash flow and long-term upside. Whether you're expanding your portfolio or entering the multifamily market, this is a turnkey asset in one of Palmetto’s most desirable and walkable neighborhoods. Financials are available upon request. This is a prime opportunity to own income-generating real estate just steps from the waterfront.
Financial Considerations
Price:
$439,000
HOA Fee:
N/A
Tax Amount:
$6416.93
Price per SqFt:
$224.9
Tax Legal Description:
BEG 235 FT W & 25 FT S OF NE COR OF U S GOVT LOT 1, SEC 23, THEN S 115.00 FT; S 89 DEG 53 MIN 50 SEC W PARALLEL TO S LN OF 4TH ST, 84.68 FT TO PT OF INTERSEC OF LN, & E LN OF CEDAR ST (12TH AVE), GO N 03 DEG 49 MIN 04 SEC W, ALG E LN OF CEDAR ST, (12 TH AVE) , 115.24 FT TO PT OF INTERSEC OF LN & S LN OF 4TH ST; N 89 DEG 53 MIN 50 SEC E ALG S LN OF 4TH ST, 92.87 FT
Exterior Features
Lot Size:
10237
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
5
Heating:
Electric
Cooling:
Central Air, Ductless
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1910
Construction Type:
Vinyl Siding, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Hurricane Shutters, Private Mailbox
Additional Features 2:
N/A
Map
  • Address
    1117 4TH ST W
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