1414 8th Ave W, Palmetto, FL 34221

Commercial property for lease

• Description
• These Palmetto Rentals are an opportunity to own cash flowing workforce housing in Palmetto, FL. These twelve units (11 presently used as rentals and one as storage) are rented long-term to tenants that pay weekly for the right to affordable living just north of Downtown Bradenton. The property's location offers easy north/south commutes for employment at Port Manatee, north Manatee/south Hillsborough Counties and Bradenton. The current owner rents eleven of the twelve units. A new owner can increase revenue by putting the final unit back on the market. While the current property produces approximately $35,000 of annual cash flow day one, future utilization of the property and its excess land allows this investment to also be considered for long-term investors looking for a cash flowing land hold until opportunities arise.* Property is in demand due to affordable rental rates for workforce needs.* Location ideal for tenants working north at Port Manatee and south near Downtown Bradenton.* Excess land allows for multitude of future opportunities, both commercial and residential.* Property currently has on-site management paid via a $40/week credit to rent. Future owners can benefit from the potential for on-going oversight.* Good cash flow day one.
• Contact info
• George William Kruse

  KELLER WILLIAMS REALTY SELECT
  Sean A Dreznin

  KELLER WILLIAMS REALTY SELECT
• Note

• Details Info about this row that located on 1414 8th Ave W, Palmetto, FL 34221 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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