602 S Martin Luther King Jr Avenue Clearwater, FL 33756
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 TypeCommercial
- NeighborhoodMagnolia Park
- CountyPinellas
- Taxes$6,192
- HOA/Condo/Coop Fees$0
- Days on Site33 Days
- MLS StatusActive
- MLS ID NumberU8223569
- Home Size Source Public Records
- Year Built1964
- Lot Size0.39 Acres
- Full BathsN/A
- Partial BathsN/A
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 602 S Martin Luther King Jr Avenue Clearwater, FL 33756
a month ago | |
a month ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Construction Block
- Number of Stories 1
- Acreage 0.39
- Property Sub Type Office
- Foundation Slab
- Ownership Corporation
- Parcel Number 15-29-15-54450-023-0150
Interior Features
- Cooling Central Air
Exterior Features
- Waterfront Property No
- Road Frontage City Street
Community Features
- Township 29
- MLS Area 33756 - Clearwater/Belleair