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301 S EAST STREET

Multi-family Recently Sold
$715,000

BTC: 7.20040282

ETH: 214.32853717

Sold on: 2020-02-06
7 days
0 room(s)
7,072 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

This 12 unit apartment building is ready for a long term buyer looking to gain equity and add value after purchasing. Of the twelve units, nine have been gutted and renovated. Ten units are all rented at $700 per month, One unit is vacant and ready for remodeling and One unit is occupied on a month to month lease. The roof will need to be replaced at some point in the near future. Property management is currently in place and will be offered for any buyer after closing. Cost Analysis Performed as Rental Property is listed below. In: Rent - $97,500.00 Out: (Annual) Property Taxes - $6,115.00 (Annual) Estimated Insurance - $5,421.00 (Annual) Property Management (Optional) - $5,850.00 (Annual) Estimated Utilities/Lawn/Misc. $3,510.00 Total Costs - $20,896.00 Net: $76,604.00 Earn: Total yearly net equates to - $76,604.00 Total monthly gross equates to - $8,125.00 Price - $750,000.00 Net Cap Rate -10.21%

Location

Florida • LEESBURG • 34748 • Multi-family • Recently Sold

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1957
Lot:
0.48 Acres
Heating:
Electric / Wall Units / Window Unit
Price/sqft:
$106
Cooling:
Wall/Window Unit(s)
HOA:
No Data
All facts and features

  • Heating

    • Electric

    • Wall Units / Window Unit

    Cooling

    • Wall/Window Unit(s)

  • Property

    • Exterior Features: Fenced

    Lot

    • Lot: 0.48 Acres

    Other Property Information

    • Parcel Number: 251924080000100100

    • Zoning: R-3

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Cable Available

    • Electricity Available

    • Natural Gas Available

    • Phone Available

    • Public

    • Sewer Available

    • Street Lights

    • Water - Multiple Meters

  • Other financial information

    • Annual tax amount: $3,163

  • Source details

    • MLS ID: O5831318

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Living Area: 7072

    • Water Source: Private / Public

    • Subdivision Name: LEESBURG LEES

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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: BLUE PEAK REALTY LLC