$1,069,000 • living size area 4400 sqft
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.602 S MARTIN LUTHER KING JR, CLEARWATER, FL 33756
Commercial - MAGNOLIA PARK for Sale
602 S MARTIN LUTHER KING JR, CLEARWATER, FL 33756Asking Price$1,069,000 Change Price$86,000
- Living 4400sqft
- Lot size 17071sqft
- Taxes: Register to see
- Year Built 1964
Description
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