Price Reduced 14.64%
Price History
$1,400,000
12/12/2023
$1,195,000
1/23/2024
602 S Martin Luther King Jr AVENUE, Clearwater, FL, 33756
1964
4,400 sqft
Under contract-accepting backup offers. This fully leased, newly renovated investment property with a government tenant offers a rare and compelling opportunity for investors seeking stability and low maintenance. With a ten-year lease in place featuring a government tenant, the investment promises a reliable and consistent income stream. The presence of a government tenant enhances the stability of the investment. Government leases often come with reliable payment schedules and a low risk of default, making it an attractive option for discerning investors. Enjoy the peace of mind that comes with the recent renovations --the comprehensive overhaul, includes new electrical systems, plumbing, roof, air conditioning units, ductwork, interior framing, insulation, and fresh paint. This translates to minimal maintenance costs and a hassle-free ownership experience, so investors can seamlessly step into a well-maintained and operational asset without the need for extensive renovations or updates. Seize the chance to add a premium asset to your portfolio and capitalize on the unique features and advantages that this property presents. Call or message the listing broker for further details regarding the financials including rent rolls and lease specifics.
Status:
Pending
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
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Listing courtesy of MAVREALTY Phone: 727-314-3942