Florida Premiere Realty
Millie Jackson, Florida Premiere RealtyPhone: (828) 337-9468
Email: [email protected]
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listing
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CommercialFor Sale
$1,155,000
602 S Martin Luther King Jr Avenue
Clearwater, FL 33756
Listed by: Mavrealty, (727) 641-0151
MLS: Stellar MLS
4,400Sq Ft
Est. Mortgage
$6,062/mo

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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Listing provided by Mavrealty
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