UPDATED:
11/01/2024 12:17 AM
Key Details
Property Type Single Family Home
Sub Type Half Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,600 sqft
Price per Sqft $272
Subdivision Coral Heights Third Add
MLS Listing ID A4626611
Bedrooms 12
Full Baths 12
HOA Y/N No
Originating Board Stellar MLS
Year Built 1977
Annual Tax Amount $10,825
Lot Size 0.490 Acres
Acres 0.49
Property Description
Highly profitable and extremely well-maintained multi-family income property located right off Manatee Ave West! The property is located in a very desirable area within walking distance of shops, restaurants, bus lines, and close to the Gulf Beaches. This (2) building, (6) unit apartment complex with a courtyard and private parking lot is an amazing opportunity for any investor ready to make a long-term profit instantly! Each unit is an 1100 Sq Ft, 2BR/2BA apartment with a screened in lanai and separate washer/dryer hook-up. All units are occupied and conterminously leased with several tenants who have been leasing for 10+ years. Significant improvements have been made over the last few years, the property has had both roofs replaced, a new fence, and almost all units have been renovated with new paint, new carpet, tile, fixtures, etc. In maintaining the property, we have provided all preventative maintenance, maintenance as needed, and ongoing improvements. This is a great property in an outstanding location with tenants that are long-term and reliable. The extreme rental supply shortage, coupled with the desirability of this property, is a fantastic opportunity! Block construction/shingle roofs. Individual metered for water and electricity. No Cast Iron Pipes. This positive cash flow investment, from day one of ownership, will sell quickly. As a "must-see" income property that rarely comes along! Sold "as is" with the right to inspect.
One block off Manatee Ave. west, near shopping/medical/bus routes.
Location
State FL
County Manatee
Community Coral Heights Third Add
Zoning GC
Direction W
Rooms
Other Rooms Inside Utility
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Window Treatments
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Tile
Fireplace false
Appliance Range, Refrigerator
Laundry Inside, Laundry Room, Same Floor As Condo Unit, Washer Hookup
Exterior
Exterior Feature Lighting, Sidewalk, Sliding Doors
Garage Off Street, Open
Utilities Available Public
Waterfront false
View Garden
Roof Type Shingle
Parking Type Off Street, Open
Garage false
Private Pool No
Building
Lot Description City Limits, Level, Near Public Transit, Sidewalk, Paved
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Milton Knight, CRS
Principal Real Estate Broker | License ID: 0663675
Principal Real Estate Broker License ID: 0663675