$1,155,000
( $262.50Per Sq Foot )
 $6,558 est/mo Sourced by Back At You

602 S Martin Luther King Jr Ave , CLEARWATER, FL 33756

CLEARWATER, FL 33756

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Description

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.

Details

MLS#U8223569
Listing TypeFor Sale
StyleOffice Building
Sub-TypeFor-sale
StatusActive
Year1964
Days On Site298
Listing Provided ByMAVREALTY | Drew Moser

Features

SQ Feet4,400
Story(s)1
Acreage0.39

Market Activity 33756

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of October 5, 2024 at 5:02:26 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Listings Checked: 13 minutes ago
StateFL
CountyPinellas
CityCLEARWATER
Zip Code33756
Area33756 Clearwater | Belleair
Community NameMAGNOLIA PARK
Listing VS Median (in MAGNOLIA PARK)
Price:
$1,155,000
low | high
Med:
$317,689
100% of Average
SqFt:
4,400
low | high
Med:
1,820
100% of Average
$ / SqFt:
$263
low | high
Med:
$175
83.503087388802% of Average
On Site:
298
low | high
Med:
50.500000
100% of Average
Sourced by Back At You
Listing Updated: October 2, 2024 at 2:06:49 PM PDT