$552,000
  • 4 beds
  • 4 baths
  • 3072 sqft
  • 0.17 acres
  • 1906 year built

Rare cash-flowing 4-plex in the heart of Palmetto, fully leased month-to-month with huge value-add upside. Just a few blocks from the water and nestled in a walkable, bikeable pocket of Palmetto near marinas, shops, restaurants, and downtown events, this property is perfectly positioned for long-term growth and steady returns. So what makes this one so special? 1) Four separate 1 bed / 1 bath units, each with a full kitchen, living room, private bathroom, and access to a shared breezy front balcony with ceiling fans. 2) Large parking area and rear yard for added tenant convenience. 3) All tenants are on under-market month-to-month leases, providing flexibility for future adjustments or improvements as needed. 4) Separate electric meters for each unit, with one shared water meter to streamlined billing. 5) Southern-facing windows were replaced ~7 years ago. 6) Lowest price/sq ft for a quadplex in the area. Investor notes: LTR: 4,100/mo current on month-to-month leases. Market comps support 1,300 - 1,400/mo each unit, for a potential gross of 5,200-5,600/mo without major updates. Very little nearby competition for quality 1-bedroom rentals. High demand area with walkability, steady tenant base, and long-term appreciation potential. Whether you’re a local investor looking to boost cash flow or a 1031 buyer seeking a low-hassle asset in a prime Florida location, this one checks all the boxes. Easy to show. No HOA/CDD. Feel free to soft pitch before writing anything up. Ask me anything, big or small. If this is “NOT ON MY MLS,” disclosures and MLS info sheets are available. No assignable contracts accepted.

 



516 7TH AVENUE W

Inquire about this home

Berkshire Hathaway HomeServices
Florida Realty

3192 Fruitville Rd, Sarasota, FL 34237


Explore: Willis Add To Palmetto


Similar Listings

More Single Family Residence for sale near Willis Add To Palmetto in PALMETTO Florida


$714K 4125 89TH ST E PALMETTO FL 34221

$710K 4916 PALMETTO POINT DR PALMETTO FL 34221

$700K 9225 RAES CREEK PL PALMETTO FL 34221

Listing Broker: RICHARD PETERS REALTY LLC
Last Changed: Wednesday 02nd of July 2025 12:58:09 PM

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; vailability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Copyright 2021 , Stellar MLS.