13% CASH-ON-CASH RETURN! THE PALMETTO PLACE APARTMENTS FOR SALE! (SELLER FINANCING AVAILABLE!)

13% CASH-ON-CASH RETURN! THE PALMETTO PLACE APARTMENTS FOR SALE! (SELLER FINANCING AVAILABLE!) is a multifamily for sale in Palmetto, Florida, listed at $1,235,000. Key details: lot size 6,600 sqft, property status Normal Sale, building status Existing. Listed by David J. Rosenthal of Grimaldi Commercial Realty Corp on LoopingCloud and last updated August 24, 2026.

Key facts

Lot Size

6,600 sqft

Property Status

Normal Sale

Building Status

Existing

Pricing details

Financing

Third Party Financing

Investment Property

Active investment property

Acquisition options

Highlights

• THE PALMETTO PLACE APARTMENTS FOR SALE!
• 8-UNIT APARTMENT COMPLEX LOCATED IN HISTORIC PALMETTO, FL!
• 100% OCCUPIED! LONG TERM TENANTS! MASSIVE UPSIDE AS THE CURRENT RENTAL RATES ARE APPROXIMATELY $300-$350 BELOW THE MARKET AVERAGE!
• SELLER FINANCING AVAILABLE! APPROX. TERMS: $550,000 DOWN, 4.5% IR (YEAR 1), 5.5% IR (YEAR 2, 6.5 % IR (YEAR 3), INTEREST-ONLY PAYMENTS, 3-YEAR BALLON!
• 2025 CASH-ON-CASH RETURN: 10%!
• 2026 CAP RATE: 8.5%!
• 2026 CASH-ON-CASH RETURN: 13%!
• 2027 CAP RATE: 9%!
• 2027 CASH-ON-CASH RETURN: 14%!
• NEW COURTYARD AND LAUNDRY FACILITIES WERE ADDED IN 2O25!
• THE ROOF WAS REPLACED IN 2020!
• HVAC SYSTEMS WERE REPLACED IN 2019!

About this area - Palmetto

Population

31,646

Housing units

14,947

Land area

51.6 sq mi

County

Manatee

Listing ID

CL-Florida-14656

Published

Mar 27, 2025

Last updated

Aug 24, 2026

Views

394

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