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$799,000

516 12th Street W Palmetto, FL 34221 Multi Unit - Multiple Active

  • 516 12th Street W, Unit A, Palmetto, FL 34221 Main Photo

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Description

Welcome to this beautifully renovated income-producing property in the heart of Palmetto, offering an outstanding opportunity for both investors and owner-occupants. This unique property consists of two duplexes, including 518 12th St W (included in the sale), each featuring two 2-bedroom, 1-bathroom units, providing a total of four well-designed rental units.Each unit has been thoughtfully updated with modern finishes, including fully updated kitchens, bathrooms, and flooring completed just one year ago, creating a clean, stylish, and low-maintenance living environment that appeals to today's tenants. Major capital improvements have already been completed, including new roofs, new central A/C systems, and all new hurricane-impact windows and doors, offering peace of mind, improved energy efficiency, and reduced future maintenance costs.Whether you're looking to expand your real estate holdings or secure a fully renovated, turnkey multifamily asset, this property delivers exceptional value and long-term income potential. Don't miss this rare opportunity in Palmetto!

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.11 Acres
Roof Type: Shingle
Taxes: $3,319
Year Built: 1981

General Information

Bedrooms: 8
Sqft: 1,224
County: Manatee
Subdivision: SHARP & TURNERS
Listed By:
Randy McCarthy, Jr EVRON & MCCARTHY REALTY LLC 954-248-2396

Amenities

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Other

Property Features

Annual Net Income: 51449.00
Days on Site: 2
Directions: From US-41 (8th Ave W), head west on 12th St W. Property is located on the left at 516 12th St W, Palmetto, FL 34221
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot Dimensions: 0.11
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Utilities: Electricity Connected
Water: Public
Water Access Y/N: No
Windows: Storm Window(s)
Zoning: RM6
$799,000
8beds
1,224sqft
New to the Market Active
BEDS8 BATHS SQUARE FEET1,224 MLS#TB8534428
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONSHARP & TURNERS

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516 12th Street W, Unit A, Palmetto, FL 34221.

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Estimated Payment

$ 3,204.52 per month $2,694.89 Principal & Interest $276.58 Property Tax $233.04 Homeowner's Insurance

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About this area

Florida/Palmetto
Palmetto

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About Palmetto

Palmetto is a growing suburban area located between the Manatee River and Terra Ceia Bay. The city is perfect for people looking for an active lifestyle that involves nature and community activities. Palmetto’s location keeps residents close to major employers, but also allows for a smaller town lifestyle that embraces a slower pace. Weekends are perfect for boating and golfing, or attending one of the many events and festivals that take place in Palmetto year round. The area is great for people of all ages with homes ranging from affordable condos and single family options to waterfront estates.


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