PALMETTO, FL 34221 1117 4TH STREET W
$439,000
Sold: Aug 04, 2025
Presented By: ROSEBAY INTERNATIONAL REALTY, INC with 941-366-7673. - 941-366-7673
Home Details
This fully leased, two-story, five-unit multifamily property is a rare investment opportunity located just one block from Safe Harbor Marina and within 1 mile distance to Palmetto’s charming historic district. Surrounded by waterfront parks, local shops, and popular restaurants, the property is ideally situated to attract long-term tenants and capitalize on the area's continued growth.
Each of the five residential units is currently occupied, with all tenants on month-to-month leases, providing consistent income with the flexibility for future rent adjustments or repositioning. The building includes shared laundry facilities for tenant convenience, as well as open parking and a welcoming front porch that enhances the property's curb appeal and communal atmosphere.
With a strong rental history and a location that blends coastal living with everyday convenience, this property is perfect for investors seeking steady cash flow and long-term upside. Whether you're expanding your portfolio or entering the multifamily market, this is a turnkey asset in one of Palmetto’s most desirable and walkable neighborhoods.
Financials are available upon request. This is a prime opportunity to own income-generating real estate just steps from the waterfront.
Presented By: ROSEBAY INTERNATIONAL REALTY, INC with 941-366-7673. - 941-366-7673
General for 1117 4TH STREET W
Additional Parcels Y/NNo
Building Area Unitssquare feet
Carport Y/NNo
Citypalmetto
Close Price439000
Construction Materialsvinyl siding, wood frame
Coolingcentral air, mini-split unit(s)
Countymanatee
Directionstake us 41 n. turn left on 4th st.w. property on the left, s.e. corner of 4th and 12th.
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
HOANo
Heatingelectric
Land Lease Y/NNo
Legal Descriptionbeg 235 ft w & 25 ft s of ne cor of u s govt lot 1, sec 23, then s 115.00 ft; s 89 deg 53 min 50 sec w parallel to s ln of 4th st, 84.68 ft to pt of intersec of ln, & e ln of cedar st (12th ave), go n 03
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet10237
Lot Size Unitssquare feet
MLS Area34221 - palmetto/rubonia
ModificationTimestamp2025-08-05t15:19:09.120z
New ConstructionNo
Number Of Units Total5
Occupancy Typetenant
Ownershipfee simple
Possessionclose of escrow
Property Subtypemulti family
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusclosed
Statussold
Subdivision Namemanatee county
Tax Annual Amount6416.93
Tax Lot1
Tax Year2024
Utilitiesbb/hs internet available, cable available, electricity connected, sewer connected, water connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1910
Zoningrs3
Interior for 1117 4TH STREET W
Air Conditioning Y/NYes
Fireplace Featureswood burning
Fireplace Y/NYes
Heating Y/NYes
Interior Amenitiesceiling fan(s)
Laundry Featurescommon area
LivingAreaSourcepublic records
Total Baths5
Total Bedrooms4
Exterior for 1117 4TH STREET W
Exterior Amenitiesbalcony, hurricane shutters, private mailbox
Foundation Detailscrawlspace
Lot Dimensions89 x 115
Lot Size Acres0.24
Lot Size Area10237
Number of Buildings1
Private PoolNo
Road Surface Typeasphalt
Water Sourcepublic
Waterfront Y/NNo
Additional Details
Price History
Patricia De Graaff
Associate