$285,000
$290,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
2,695 SqFt
SOLD DATE : 12/09/2021
Key Details
Sold Price $285,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,695 sqft
Price per Sqft $105
Subdivision North Roads Park
MLS Listing ID U8136830
Sold Date 12/09/21
HOA Y/N No
Year Built 1981
Annual Tax Amount $1,528
Lot Size 10,018 Sqft
Acres 0.23
Property Description
Quadraplex 100% leased, two- two bedroom-one bath units and two- one bedroom-one bath units. Tenants pay for water and electricity. Owner pays for trash at $56.00 per month. Income and expenses are as follows: Income is $2,450 per month or $31,850 per year. Expenses are tax $1,528 plus insurance at $1721 plus $696 for garbage for a total of $3,945 per year or $328.75 per month. Income minus expenses equals $27,905. The property is very consistent with long term tenants. Lease beginning and end dates are as follows: UNIT 34 08/01/21-07/31/22. UNIT 36 - 03/01/21-02/28/22. UNIT 38 -12/01/20-11/30/21. UNIT 40-10/16/20-10/31/21. This was of July 2021, some may have re-signed already. Showing with approved contract and proof of funds or pre-approval. This property is managed by a professional management company that may be retained if needed. This property has a CAP rate of 8%.
Location
State FL
County Marion
Community North Roads Park
Zoning R3
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Thermostat
Heating Central
Cooling Central Air
Furnishings Unfurnished
Fireplace false
Exterior
Exterior Feature Lighting
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water - Multiple Meters, Water Connected
Waterfront false
View Y/N 1
Water Access 1
Water Access Desc Pond
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description Cul-De-Sac, Drainage Canal, City Limits
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with CENTURY 21 ROSA LEON
