Katie Clancy - The Cape House
602 S Martin Luther King Jr AVENUE, Clearwater, FL, 33756
1964
4,400 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.
Status:
Active
Type:
Commercial
Complex:
MAGNOLIA PARK
Cooling:
Central Air
Levels:
1
Lot Size:
98 x 175
Acreage:
0.39
Est. Taxes:
$6,192
Construction
Block
Days on Market:
106
MLS #:
U8223569
Community Info
School Info
Walk Score
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Listing courtesy of MAVREALTY Phone: 727-314-3942