FL > Clearwater > Magnolia Park
Clearwater, FL 33756,602 S MARTIN LUTHER KING JR AVE
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Clearwater, FL 33756,602 S MARTIN LUTHER KING JR AVE
Clearwater, FL 33756,602 S MARTIN LUTHER KING JR AVE
Clearwater, FL 33756,602 S MARTIN LUTHER KING JR AVE
Clearwater, FL 33756,602 S MARTIN LUTHER KING JR AVE
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Bryan Fangman

Bryan Fangman

+1(407) 513-2124
$ 1,155,000
Est. payment /mo
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602 S MARTIN LUTHER KING JR AVE Clearwater, FL 33756

4,400 SqFt

UPDATED:

09/04/2024 09:03 PM

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 4,400 sqft

Price per Sqft $262

Subdivision Magnolia Park

MLS Listing ID U8223569

HOA Y/N No

Originating Board Stellar MLS

Year Built 1964

Annual Tax Amount $6,192

Lot Size 0.390 Acres

Acres 0.39

Lot Dimensions 98x175

Property 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.

Location

State FL

County Pinellas

Community Magnolia Park

Interior

Cooling Central Air

Building

Story 1

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Structure Type Block

New Construction false

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Stellar MLS
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by MAVREALTY
Get CASH back at closing when Precision Approach Realty helps you BUY!
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Bryan Fangman

Broker / Owner | License ID: BK679904

+1(407) 513-2124

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