6816 PALM DR, Holmes Beach, FL 34217 – A4450788 - Keith Houtz

$625,000

$649,900

3.8%

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment -/mo

1,300 SqFt

SOLD DATE : 02/20/2020

Key Details

Sold Price $625,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,300 sqft

Price per Sqft $480

Subdivision Clark Spring Lake Estates

MLS Listing ID A4450788

Sold Date 02/20/20

Construction Status Inspections

HOA Y/N No

Year Built 1979

Annual Tax Amount $7,306

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions 75x104

Property Description

Cash Flow Opportunity. Though zoned for vacation rentals, the owner had been renting as a long term rental. This duplex is now vacant and is ideal for a vacation rental program. Property has been priced to cash flow. 70% Occupancy rate should generate net income of nearly $60,000 per year. Upside to increase rents and occupancy for even better returns. Your vacation renters will love this excellent mid-island walkable location. Close to the beach - only a stroll away. Convenient to restaurants, marina, and shopping. Trolley stop nearby. The property also overlooks Spring Lake with a private wood dock. Private and serene setting. Unit A is 1-Bedroom 1-Bath unit which should rent for $1000/week during season. Unit B, 2-Bedroom 1-Bath unit was just remodeled and should rent for $1500/week during season. Each unit has a spacious 2-car garage. Washer and dryer hook-ups for each unit. Elevated living level complies with FEMA. Property is ready to rent, though would also benefit from your personal touch. Long term leases have expired and tenants have vacated, so great opportunity for a new owner to take advantage of the upcoming vacation rental season. Rental Income and Net Income Projections available.

Location

State FL

County Manatee

Community Clark Spring Lake Estates

Zoning R2

Interior

Interior Features Ceiling Fans(s), Kitchen/Family Room Combo, Solid Surface Counters, Thermostat, Window Treatments

Heating Central, Electric

Cooling Central Air, Humidity Control

Flooring Carpet, Hardwood

Furnishings Unfurnished

Fireplace false

Appliance Dishwasher, Disposal, Electric Water Heater, Microwave, Refrigerator

Laundry In Garage

Exterior

Exterior Feature Balcony, Lighting, Sidewalk

Garage Driveway, Garage Door Opener, Off Street, Oversized

Garage Spaces 4.0

Utilities Available Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected

Waterfront true

Waterfront Description Lake

View Y/N 1

Water Access 1

Water Access Desc Lake

View Trees/Woods, Water

Roof Type Shingle

Porch Deck, Rear Porch

Attached Garage true

Garage true

Private Pool No

Building

Lot Description City Limits, Level, Near Marina, Near Public Transit, Sidewalk, Paved

Entry Level Two

Lot Size Range Up to 10,889 Sq. Ft.

Sewer Public Sewer

Water Public

Structure Type Block,Wood Frame

New Construction false

Construction Status Inspections

Schools

Elementary Schools Anna Maria Elementary

Middle Schools Martha B. King Middle

High Schools Manatee High

Others

Pets Allowed Yes

Senior Community No

Pet Size Extra Large (101+ Lbs.)

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Keith Houtz

keithhoutz@outlook.com +1(727) 415-4982

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by PREMIER SOTHEBYS INTL REALTY
Bought with ISLAND REAL ESTATE-ANNA MARIA

Since 2005, I have lived and helped clients in the Tampa Bay area, covering Pasco, Pinellas, Hernando, and Hillsborough Counties. I know and stay tuned into the developing and growing areas of Tampa Bay. Experience, Integrity, and Professionalism.
Review any of my testimonials from past clients.
I work for you and to your best interest.
Contact me directly today.
Live Your Best Life!

+1(727) 415-4982

keithhoutz@outlook.com

3903 Northdale Blvd Suite 100E, Tampa, FL, 33624, United States

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