$1,600,000
$1,999,999
20.0%For more information regarding the value of a property, please contact us for a free consultation.
4,872 SqFt
SOLD DATE : 10/31/2022
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,872 sqft
Price per Sqft $328
Subdivision Flamingo Cay
MLS Listing ID A4503511
Sold Date 10/31/22
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1977
Annual Tax Amount $9,768
Lot Size 0.650 Acres
Acres 0.65
Property Description
This is an 11 unit property located on Perico Island in Manatee County. The property has direct canal access to Palma Sola Bay and minutes to the Gulf of Mexico, Robinson Preserve, and the county boat ramp. There are 2 concrete block buildings that have 1 bedroom / 1 bath apartments, and include living rooms and separate central A/C units. The metal roof was permitted and re-roofed two years ago. Attached to building 1 is a coin operated laundry facility and locked storage shed. There exists a major opportunity for value-add increase with the switch from annual rentals to weekly. The property has continually operated at 100% occupancy with many long term tenants. The property is located directly on Manatee Avenue and Flamingo Dr. Great road exposure and has an oversized parking lot.
Location
State FL
County Manatee
Community Flamingo Cay
Zoning RMF9/CH
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Ceramic Tile, Tile
Appliance Refrigerator
Exterior
Garage Parking Spaces - 13 to 18
Utilities Available BB/HS Internet Capable, Electricity Available, Public, Water Connected
Waterfront true
Waterfront Description Canal - Saltwater
View Y/N 1
Water Access 1
Water Access Desc Canal - Saltwater
Roof Type Metal, Other
Parking Type Parking Spaces - 13 to 18
Building
Lot Description Corner Lot, FloodZone, Neighbourhood, Oversized Lot, Street Lights, Paved, Waterfront
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Inspections
Others
Pets Allowed Yes
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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