Multi-family

Palmetto Fourplex

1240 Bayshore Court, St. Petersburg, FL

A single four-unit residential building in the Bayboro neighborhood of St. Petersburg, with all four apartments currently leased. The building is held by Palmetto Fourplex LLC alone, and its membership units give holders one-unit-one-vote authority over the operating budget, rent strategy, refinancing, sale, and hiring or removing the property manager. Each owner is entitled to a pro-rata share of the property's net results, which fluctuate and are not guaranteed.