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607 6th St W
Palmetto, FL 34221

Riverside 607 Apartments · Multifamily Property For Sale · 18 Units

Investment Highlights

  • Favorable Seller Financing Available with Up to 80% LTV, for a Qualified Buyer
  • Immense Demand & Severe Shortage of One Bedroom Apartments in the Area Substantially Boosting Market Rents
  • NON-Flood Zone Location (All Parcels Zone X) & Within Walking Distance of the Waterfront; Prime Future Redevelopment Site
  • Strong Value-Add Offering w/ Opportunity to Boost NOI by Implementing Utility RUBBS System or Monthly Utility Fees
  • Rare Opportunity to Own 4 Contiguous Parcels just 350 Yards from the Waterfront, Totaling 1.10 Acres & the Entire North End of the Block
  • Rare Unit Types, Including One, 4 Bed / 2.5 Bath Unit and Two, 3 Bed / 2 Bath Units

PROPERTY FACTS

No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.10 AC
Building Size 13,358 SF
Average Occupancy 94%
No. Stories 2
Year Built 1956
Parking Ratio 0.9/1,000 SF

PROPERTY TAXES

zoning

Zoning Code RM-6, CG (Multifamily & Commercial General)
  • Listing ID: 27223010

  • Date on Market: 12/1/2022

  • Last Updated:

  • Address: 607 6th St W, Palmetto, FL 34221