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460 S 3RD AVENUE

Multi-family Active With Contract
$229,000

BTC: 3.45199087

ETH: 64.44840328

16 days
0 room(s)
913 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Under contract-accepting backup offers. Welcome to this meticulously renovated duplex that is performing at an 8% CAP RATE!! A hidden gem boasting the perfect blend of modern upgrades and a prime location. Please Note: PICTURES WERE TAKEN AFTER RENOVATIONS BUT PRIOR TO THE ROOF BEING INSTALLED IN APRIL. This property offers a rare opportunity with its functional layout featuring two separate units. Upstairs is a spacious 2-bedroom / 1-bathroom unit, and downstairs is a 1-bedroom / 1-bathroom unit. Take note that the unique R-2 zoning of this property opens the door for possibility. Regardless of the county records classifying it as a single-family home, it is structured / set up and built like a duplex, and has been grandfathered in with the county. Some Recent highlights include the following renovations: a new roof, HVAC Units, Water Heaters, Cabinets, Counter Tops, Toilets, Vanities, Exterior/interior Paint, Appliances, Trimming, Blinds, and Doors. Providing the right investor both durability and peace of mind for the years to come. Currently, both units are tenant-occupied and are generating a combined monthly income of $2,025. One unit is leased for $925 a month and the other unit is leased for $1,100 a month, which brings us to an annual gross income of $24,300. Electricity is on separate meters per unit and the water is currently being paid by the owners. With long term ownership of this property, these figures will improve and you'll have a Cash-flowing lucrative opportunity in your portfolio. The property is conveniently located close to Downtown Bartow, residents will enjoy easy access to shopping, dining, emergency services, and much more. Whether you're seeking a savvy investment or a place to call home, this renovated duplex offers the perfect combination of comfort, convenience, and income potential. Don't miss out on this exceptional opportunity. Give us a call today and experience the best of Bartow living!

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1950
Lot:
0.12 Acres
Heating:
Central
Price/sqft:
$251
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Thermostat

  • Property

    • Exterior Features: Lighting

    Lot

    • Lot: 0.12 Acres

    Other Property Information

    • Parcel Number: 253005382000000190

    • Zoning: R-2

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Sprinkler Recycled

  • Other financial information

    • Annual tax amount: $978

  • Source details

    • MLS ID: O6207241

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: None

    • Living Area: 913

    • Water Source: Public

    • Lot Size Dimensions: 50 x 100

    • Subdivision Name: LEE ADD

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: GOOD MONEY REALTY