Portfolio Sale - 5 Townhomes
Attractive addition to your Residential Investment Portfolio. 20 min access to multiple cities
Marketing description
This five-unit townhome portfolio offers a compelling mix of 2BR/2.5BA residences in Edgestone at Artisan Lakes (3 units) plus 3BR/2.5BA residences in Stonegate Preserve (2 units), a neighboring community adjacent to Edgestone. The combination delivers stable rentability, tenant-pool diversification, and operational efficiency in one concentrated submarket.
Why Palmetto can be attractive for rentals
Rent demand is real and measurable. Recent market trackers show Palmetto rents in the mid-$1,600s to low-$2,300s depending on unit type and data source, with 3BRs often higher.
Commuter-friendly location to multiple job nodes. Palmetto sits in the Sarasota–Manatee area with quick access to major corridors (I-75/US-41/I-275), widening your tenant pool across Bradenton/Sarasota and up toward the Tampa Bay employment base. (This is one of the biggest “rentability” drivers for the submarket.)
Local economic engines nearby (logistics/port activity). SeaPort Manatee is a major regional employer and economic driver, with reported multi-billion economic impact and tens of thousands of direct/indirect jobs tied to port activity.
Ongoing infrastructure investment around the port. The state has funded roadway/stormwater improvements connected to SeaPort Manatee access—supportive of continued industrial/commercial activity in the area.
Landlord-friendly legal environment (relative to rent-control markets). Florida law restricts local rent control measures, which reduces the risk of sudden local caps on rents.
Clear statutory process for nonpayment notices. Florida statutes provide a 3-business-day notice framework for nonpayment before termination (with specific rules).
Investment highlights
This 5-unit townhome portfolio offers a durable, low-maintenance rental profile in two adjacent communities: three (3) 2BR/2.5BA homes in Edgestone at Artisan Lakes and two (2) 3BR/2.5BA homes in Stonegate Preserve. With a diversified unit mix, clustered locations, and HOA-maintained exteriors, the portfolio is positioned for efficient operations, predictable expenses, and tenant-friendly living.
In-place rents: $1,900/mo (2BR) and $2,300/mo (3BR)
Strong gross income: $10,300/mo ($123,600/yr) total scheduled rent
Low-maintenance ownership: HOA covers all exterior maintenance including roof, landscaping, exterior painting, and roads (reduces CapEx exposure & surprise repairs)
Efficient operations: clustered assets in neighboring communities = easier leasing/showings, vendor coordination, and turns
Investor-friendly layouts: 2.5-bath floorplans enhance tenant usability and rentability
Diversified tenant demand: 2BR units suit professionals/roommates; 3BR units capture family/longer-term tenant demand
Transparent fixed expenses (seller-provided): portfolio fixed costs approx. $38,135.92/yr (~$3,177.99/mo)
Clean underwriting metric: approx. $7,122/mo ($85,464/yr) NOI before variable expenses (management, interior maintenance, vacancy/credit loss, reserves)
Multiple exit options: sell as a package, sell individually to retail buyers, or refinance after seasoning (subject to HOA/rental guidelines)
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