516 7th Ave W APT 1, Palmetto, FL 34221

Now available and located in the center of the City of Palmetto. Amazing location within walking and biking distance to restaurants, shopping, marinas, and other events! This 4 plex includes 4 one bedrooms that have always been leased. Each unit is under rented and should be increased immediately. All tenants are on Month to Month. Each unit has a kitchen, living room, private restroom and a community balcony with ceiling fans. Large parking area with a backyard. This one will move fast! Current MTM Tenants are paying $650.00 (units 1-3) and $875.00 (unit 4) Market Rents for comparable 1 bedroom apartments are $1,000 a month or more. Some simple updates would bring in much more. Pro Forma gross income with market rents = $48,000 a year. *4 Electric Meters, One Water Meter, Roof +/- 11 years old, Windows facing the south side replaced +/- 5 years ago.