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Herald-Tribune
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bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
4,400
acreage
Acreage
0.39
open houses
Open Houses
-
year built
year built
1964
full baths
Full Baths
0
half baths
Half Baths
0
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.
Location
Subdivision MAGNOLIA PARK
County Pinellas
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: U8223569
Listing agent: Drew Moser #3404374
Listing broker: Mavrealty (813) 579-2816
Copyright © 2025 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Wednesday, January 29 2025 at 9:51 p.m. EST
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