1414 8th Ave W
Palmetto, FL 34221
Palmetto Rentals · Multifamily Property For Sale
·
12 Units
Property Facts
| No. Units | 12 | Building Size | 4,216 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Garden | Parking Ratio | 4.74/1,000 SF |
| Lot Size | 1.45 AC | ||
| Zoning | Garden Apts. (10+ Units) | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 1.45 AC |
| Building Size | 4,216 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 4.74/1,000 SF |
| Zoning | Garden Apts. (10+ Units) |
Amenities
Unit Amenities
- Storage Space
- Yard
- Grill
Site Amenities
- Fenced Lot
- Storage Space
About 1414 8TH AVE W , PALMETTO, FL 34221
These Palmetto Rentals are an opportunity to own cash flowing workforce housing in Palmetto, FL. These twelve total units (10 presently used as rentals and two as storage) are rented 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.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | - |
| 1+1 | 1 | - | - |
Property Taxes
| Parcel Number | 26285-0000-7 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $380,850 |
Property Taxes
