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602 Martin Luther King Jr Avenue, CLEARWATER, FL 33756
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  • MLS#: U8223569 ( Residential )
  • Street Address: 602 Martin Luther King Jr Avenue
  • Viewed: 10
  • Price: $1,155,000
  • Price sqft: $263
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 4400
  • Garage / Parking Spaces: 3
  • Days On Market: 351
  • Additional Information
  • Geolocation: 27.9592 / -82.7919
  • County: PINELLAS
  • City: CLEARWATER
  • Zipcode: 33756
  • Subdivision: Magnolia Park
  • Provided by: RE/MAX SELECT PROFESSIONALS
  • Contact: TRACY CALLAHAN
  • 386-283-4966
  • DMCA Notice
  • Description
    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.
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  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

  •   Monthly -
Features
Building and Construction
  • Builder Model: The Barrington
  • Builder Name: Everlast Homes Inc.
  • Covered Spaces: 0.00
  • Flooring: Tile, Wood
  • Living Area: 2041.00
  • Roof: Shingle
Property Information
  • Property Condition: New Construction, Under Construction
Land Information
  • Lot Features: Cul-De-Sac, Interior Lot
Garage and Parking
  • Garage Spaces: 3.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Green Energy Efficient: Appliances
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central, Electric
  • Road Frontage Type: None
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2015
Other Features
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Country: US
  • Interior Features: High Ceilings, Solid Surface Counters, Walk-In Closet(s)
  • Legal Description: PALM COAST SEC 57 BLK 5 LOT 6
  • Levels: Multi/Split
  • Area Major: 32164 - Palm Coast
  • Occupant Type: Vacant
  • Parcel Number: 07-11-31-7057-00050-0060
  • Possession: Close of Escrow
  • Style: Traditional
  • Views: 10
  • Zoning Code: SFR-2
  1. Tropic Shores Realty
  2. A Winning Team
  3. 352.684.7371
  4. tropicshoresrealty@gmail.com