516 7TH AVENUE PALMETTO FL 34221

Overview of 516 7th Ave W #1

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.

This lovely single family home was built in 1906 and features 4 bedrooms, and 4 full bathrooms. This home for sale is 3,072 square feet, with 3,072 sq ft being air conditioned living space. The home has a does not have a private swimming pool.

Directions to this property are as follows: 509-501 7th Ave W Palmetto, Fl 34221 Head North On 7th Ave W Destination Will Be On The Right 226 Ft 516 7th Ave W Palmetto, Fl 34221.

Please contact your ZFC agent for more information about MLS# MFRTB8401410 or any other homes for sale in Palmetto or elsewhere in the Manatee County area.