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For sale
Residential income properties
FL
Palmetto
34221
5447 TRIPOLI DRIVE

New Palmetto Townhome with Amenities

5447 TRIPOLI DRIVE, Palmetto, FL 34221

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For Sale

$267,999

New 3-bedroom townhome with modern amenities in Palmetto, Florida.

Type:Condo/Townhome

Property size:

1,588 SF

Lot size:

0.05 Acres

Price / SF:

$168/SF

HighLights

Brand new 3‑bedroom, 2.5‑bathroom townhome built in 2024.
$10,000 towards closing costs.
Enjoy the open‑concept main level with modern kitchen featuring stainless steel appliances.
Primary suite with walk‑in closet and en‑suite bath.
Community amenities including a clubhouse, pool, playground, splash park, and fitness center.
1‑car garage, driveway, and ample street parking.

We can help!

Contact an agent

Michael Gray, LLC

For Sale

$267,999

New 3-bedroom townhome with modern amenities in Palmetto, Florida.

Type:Condo/Townhome

Property size:

1,588 SF

Lot size:

0.05 Acres

Price / SF:

$168/SF

Added:: Jan 8, 2025
Days on Market:: 546
Last Refresh:: Apr 5 at 10:42 pm

Property Features for 5447 TRIPOLI DRIVE

General Information

Standard status: Active
Size: 1,588 SF
Lot size: 0.05 Acres
Property subtype: Condo/Townhome

Building Details

Year Built: 2024

We can help!

Contact an agent

Michael Gray, LLC

Listing office COLDWELL BANKER REALTY

Listing date Jan 8, 2025

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY

HighLights

Brand new 3‑bedroom, 2.5‑bathroom townhome built in 2024.
$10,000 towards closing costs.
Enjoy the open‑concept main level with modern kitchen featuring stainless steel appliances.
Primary suite with walk‑in closet and en‑suite bath.
Community amenities including a clubhouse, pool, playground, splash park, and fitness center.
1‑car garage, driveway, and ample street parking.

Overview

This new 1,588 sq. ft. townhome is located in Palmetto. It features 3 bedrooms and 2.5 bathrooms. The open-concept main level connects the living, dining, and kitchen areas, which include modern cabinetry, stainless steel appliances, and ample counter space. The primary suite upstairs has a walk-in closet and en-suite bath. Two additional bedrooms offer space for relaxation or work. The property includes a private patio and low-maintenance yard. Community amenities feature a clubhouse, pool, playground, splash park, and fitness center. A 1-car garage, driveway, and ample street parking are available. The home is located close to shopping, dining, and entertainment.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$37.0k	$23.28
− Vacancy	−$2.0k	−$1.28
EGI	$34.9k	$22.00
− OpEx	−$15.7k	−$9.90
NOI	$19.2k	$12.10

1,588 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$274.5K

$240.2K – $320.2K (±1% cap)

NOI $19,214 @ 7.0% cap · market cap 7.17%

Second Best

—

no second resolved use

Theoretical Best

Office A

$467.0K

$408.6K – $544.8K (±1% cap)

NOI $32,689 @ 7.0% cap · market cap 12.20%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Residential income properties

Suggested Use

Location Insight

Map
Local Demand

City: Palmetto
County: Manatee
State: Florida
Longitude: -82.5347
Latitude: 27.5834

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For sale
Residential income properties
FL
Palmetto
34221
5447 TRIPOLI DRIVE

What type of property is this?

Residential income property - New 3-bedroom townhome with modern amenities in Palmetto, Florida.

Where is this residential income property located?

The property is located at 5447 TRIPOLI DRIVE Palmetto, FL.

What is the asking price?

The asking price for this property is $267,999.

What are key features of this property?

This property features: Brand new 3‑bedroom, 2.5‑bathroom townhome built in 2024.; $10,000 towards closing costs.; Enjoy the open‑concept main level with modern kitchen featuring stainless steel appliances.