Address: 406 11th St W, Palmetto, FL 34221, USA
Created date: April 26, 2024
Date last updated: April 26, 2024
- Exceptional Value-Add Opportunity w/ Rental Upside Over $350/Month/Unit
- Water/Sewer, Trash & Electric All Separately Metered & Paid by Tenants Directly to Utility Provider
- Built, Owned & Managed by the Same Owner Since Inception
- Dependable Unit Mix of 100% Two Bed / One Bath Units with 2 Similar Floorplans
- Consists of 63-Units in 29 Buildings on 1 Parcel Totaling 3.48 Acres
- Non-Flood Zone Location (Zone X) and Within 5-Minutes of the Waterfront
- Superior Concrete Block Construction w/ Masonry Exterior & Interior Walls
- Abundant Area on the Parcel to Add Common Area Community Amenities
- Within Mins. of the Marina, Walmart Supercenter & Publix & Aldi Supermarket
- 3-Mins from the Bradenton Area Convention Center Undergoing $48M Renovation / Expansion
- 3-Mins from Future 252-Room Premium Upscale Marriot Hotel (Part of Convention Center Dev.)
- 6-Mins from Manatee Memorial, a 295-Bed Hospital w/ Over 80 Physicians, Residents & Health Professionals
- 10-Mins from the Sunshine Skyway Bridge, Interstate 75, Ellenton Ice Complex & Ellenton Premium Outlets
- 19-Mins from Anna Maria Island, Holmes Beach & Sarasota International Airport (SRQ)
Property Description
The Multifamily Firm is pleased to present the Thomasville Apartments, a rare 63-unit apartment complex that is one of the only multifamily assets in the region to be built, owned, and managed by the same owner since inception. Constructed in 3 phases from 1971-1982, the asset consists of 29 masonry buildings on 1 parcel totaling 3.48 acres and features 100% Two Bedroom / One Bathroom units, with all utilities separately metered / paid by tenants direct to the utility provider.