602 S MARTIN LUTHER KING JR AVENUE CLEARWATER FL 33756 MLS #U8223569 | Gary Kusher | Florida Real Estate

602 S MARTIN LUTHER KING JR AVENUE
CLEARWATER, FL, 33756
$1,155,000
Beds
0 Baths
4,400 SqFt
0.39 Acres
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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.

Property Details

Price:
$1,155,000
MLS #:
U8223569
Status:
Active
Beds:
0
Baths:
0
Address:
602 S MARTIN LUTHER KING JR AVENUE
Type:
Commercial
Subtype:
Office
Subdivision:
MAGNOLIA PARK
City:
CLEARWATER
Listed Date:
Dec 12, 2023
State:
FL
Finished Sq Ft:
4,400
ZIP:
33756
Lot Size:
17,071 sqft / 0.39 acres (approx)
Year Built:
1964
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I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.

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Buyer Agent Compensation
2.5%-$399%
Tax Year
2022
Taxes
$6,192

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602 S MARTIN LUTHER KING JR AVENUE
CLEARWATER, FL