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
11
See all 11 photos
$1,069,000
Est. payment /mo
4,400 SqFt
Price Dropped by $86K

602 S MARTIN LUTHER KING JR AVE Clearwater, FL 33756

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
14
Dec
Sun
15
Dec
Mon
16
Dec

UPDATED:

12/09/2024 08:13 PM

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 4,400 sqft

Price per Sqft $242

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
Listed by MAVREALTY

GET MORE INFORMATION

Tiffany Bourne

Broker | BKBK3387563

+1(239) 851-7304

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

602 S MARTIN LUTHER KING JR AVE