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4111 S ALABAMA AVENUE UNIT 8

Multi-family Recently Sold
$600,000

BTC: 5.91133005

ETH: 161.04183330

Sold on: 2023-10-23
1 days
8 bds
5,632 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

A strategically located Garden Style Apartment Complex in Homosassa, FL, covering .88 acres and comprising 8 units, all fully occupied. The current rental rates sit below the market average, presenting an immediate avenue for revenue enhancement. The complex features three structures: two triplexes and a duplex, each constructed using CBS in 1981. An added advantage is the on-site laundry facility, efficiently designed for utility cost management. Situated in the heart of Homosassa, known for its natural springs and balanced residential-business ecosystem, this property offers prospective buyers both tax benefits from Y1 acquisition and depreciation, and a favorable operational cost structure. This town offers a perfect equilibrium of residential serenity and burgeoning business opportunities. Notably, this property is strategically positioned within a 5-mile radius of major highways, ensuring easy accessibility and enhanced appeal for potential tenants.

Location

Florida • HOMOSASSA • 34446 • Multi-family • Recently Sold

Facts and features

Type:
Residential Income
Parking:
Parking Pad
Year Built:
1981
Lot:
0.88 Acres
Heating:
None
Price/sqft:
$106
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Flooring

    • Slate

    • Vinyl

    Heating

    • None

    Cooling

    • Central Air

    Other interior features

    • Ninguno

    Bedrooms and bathrooms

    • Bedrooms: 8

  • Parking

    • Parking Pad

    Property

    • Exterior Features: Other

    Lot

    • Lot: 0.88 Acres

    Other Property Information

    • Parcel Number: 17E19S220030000000020

    • Zoning: MDR

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Electricity Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $5,560

  • Source details

    • MLS ID: OM664164

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Living Area: 5632

    • Water Source: Well

    • Lot Size Dimensions: 150 x 270

    • Subdivision Name: HOMOSASSA UNIT 03

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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: CENTURY 21 J.W.MORTON R.E.