$835,000
$835,000
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4,384 SqFt
SOLD DATE : 10/31/2019
Key Details
Sold Price $835,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,384 sqft
Price per Sqft $190
Subdivision Highland Groves
MLS Listing ID U8049019
Sold Date 10/31/19
Construction Status Inspections
HOA Y/N No
Year Built 1971
Annual Tax Amount $7,766
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 100x120
Property Description
Attention Investors~Incredible opportunity to own cash-flowing property 90% renovated and 100% occupied ~ This 6 unit, turn-key, investment property is 100% occupied and churning $$62k/year! 5 of 6 units have been updated with ceramic tile, new bathrooms and kitchens, with granite counter-tops and all wood cabinetry. The building iis freshly painted. All units have screen porches and central AC. Only unit 106 (upstairs 2/1)has not been updated. It is currently rented for $950 through 2/20. The updated 2/1 below it rents for $1000/mo..Once updated, #106 should go $1100/mo as it is top floor unit. the 4 - 1 bedroom units rent for $800/$850. At the current price and current rents the property will return $42K-$48k net annual income with potential to go up.
Location
State FL
County Pinellas
Community Highland Groves
Interior
Heating Heat Pump
Cooling Central Air
Fireplace false
Appliance Dishwasher, Electric Water Heater, Range, Refrigerator
Exterior
Exterior Feature Lighting, Sidewalk
Garage Assigned
Utilities Available Cable Connected, Sewer Connected, Water - Multiple Meters
Waterfront false
Roof Type Other
Parking Type Assigned
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 Acre to 21779 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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Bought with REALEAN EVOLVE REAL ESTATE
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Broker Associate | License ID: 3036559