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2560 SW 31ST PLACE

Multi-family Recently Sold
$920,000

BTC: 10.41902605

ETH: 298.36128308

Sold on: 2020-11-11
44 days
0 room(s)
11,520 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Click the links herein to complete an electronic CA and receive the Offering Memorandum or view the Virtual Tour. Phoenix is a 355 unit HOA subdivision composed of duplexes, quadplexes, 6 plexes, and 8 plexes, of which this offering is for 12 of those units (two 6 plexes side by side). The property is located less than a mile south of the University of Florida and within 5 minutes driving distance to millions of square feet of retail and restaurants, including Butler Plaza, Celebration Pointe, Shands Hospital, the Veterans Administration Headquarters, three Publix centers, and I-75. All units are the same 2 bedroom 2.5 bath layouts measuring nearly 1,100 SF each. Here is the opportunity: The average in-place rent is $800/month with a range of $700-900/month. The last two units rented for $900/month. Rental comps in the immediate submarket support a $950-1,050 rent point for the units with very little upgrades necessary.

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1989
Lot:
No Data
Heating:
No Data
Price/sqft:
$83
Cooling:
No Data
HOA:
$3,000
All facts and features
  • Other Property Information

    • Parcel Number: 07314139000

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Other financial information

    • HOA: $3,000

    • HOA Frequency: Annually

    • Annual tax amount: $6,624

  • Source details

    • MLS ID: GC438356

    Other facts

    • Living Area: 11520

    • Subdivision Name: Phoenix

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