Palm Harbor Multifamily For Sale

Multi-Family for Sale
Catylist Listing ID: 30515465
Property Subtypes: Duplex/Fourplex
Number of Units: 7 Units
Building Size (RSF): 14,952 SF
Gross Land Area: 0.70 Acres
Sale Price: $3,700,000
Unit Price: $528,571.43 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2019

Overview / Comments

KW Commercial is proud to present for sale this beautiful and newly constructed
townhome community located in downtown Palm Harbor. Built in 2018, the owner spared no expense in constructing this property with class A upgrades for quality and comfort, all while keeping the highest hurricane rating standards in mind. Located close to some of the best shops, restaurants, entertainment, and local amenities that Palm Harbor has to offer, these units are in high rental demand. In addition to its superior proximity to amenities, Palm Harbor University High School, a nationally recognized high school, is less than a mile away. This further adds to the desirability of this community among renters. This property offers easy access to Alt. 19 and US 19, allowing for quick routes to employment, as well as easy access to beautiful destinations such as Dunedin, Clearwater Beach, and Crystal Beach. This is the perfect property for someone looking to invest their money for long-term, stabilized cashflow in a low-maintenance and performing asset. All information provided in this offering has been provided and deemed accurate by the owner.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 15 28 01 88560 093 0600
Percent Occupied: 100%
Site Description: Site has four address associated with sale: 905 Georgia Ave., Palm Harbor, FL 34683 906 Florida Ave., Palm Harbor, FL 34683 909 Georgia Ave., Palm Harbor, FL 34683 910 Florida Ave., Palm Harbor, FL 34683
Total Number of Buildings: 3
Property Condition: Excellent
Number of Stories: 2
Year Built: 2018
Construction/Siding: Wood Frame
Parking Type: Structure
Parking Description: Each unit has a 2-car garage. There are an additional two surface parking spots for guests.
Total Parking Spaces: 16
Laundry: In Each Unit
Fuel: Electric
Interior Description: Newly built, high-end upgrades. Each unit has 3 bedrooms, 2.5 baths, and a 2-car garage. Fully upgraded appliances. Split zone AC.
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,891 65,997 167,218
Median Age: 46.6 50.01 49.91
Households: 5,363 30,072 77,509
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