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321 CLIFTON AVENUE

Multi-family Recently Sold
$3,200,000

BTC: 32.20408372

ETH: 919.44511487

Sold on: 2024-05-16
19 days
44 bds
21,980 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Oakwood is roughly 2 miles from the beach and is composed of 18 two bedroom one baths (900+/- SF), 8 one bedroom one baths (720+/- SF), and one 450+/- SF studio. While in place rents for the 1/1s are $1,059 per month, $1,150 has been achieved on recent leases and comps show $1,200 is the next target. The 2/1s are averaging in place $1,205/month, with recent leases at $1,275/month and a newly advertised rent of $1,299/month. The overall in place average rent is $1,156/month with the target market rent at $1,253/month. The flat roof was replaced 2015+/- and the mansard shingle portion was replaced in 2023. As with Sprucewood, almost $5,000/unit has been spent on capx, including shingles, HVAC units, water heaters, appliances, cabinets, countertops, flooring, and converting a storage room to the studio unit. Seller has another offering of 20 units available. See MLS #R4907511

Location

Florida • HOLLY HILL • 32117 • Multi-family • Recently Sold

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1974
Lot:
0.92 Acres
Heating:
Other
Price/sqft:
$146
Cooling:
Other
HOA:
No Data
All facts and features

  • Heating

    • Other

    Cooling

    • Other

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 44

  • Property

    • Exterior Features: Other

    Lot

    • Lot: 0.92 Acres

    Other Property Information

    • Parcel Number: 424240050020

    • Zoning: R-2

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Other

  • Other financial information

    • Annual tax amount: $34,304

  • Source details

    • MLS ID: R4907510

    Other facts

    • Construction Materials: Concrete

    • Foundation Details: Other

    • Laundry Features: Other

    • Living Area: 21980

    • Water Source: Public

    • Lot Size Dimensions: 207 x 194

    • Subdivision Name: FITCH THOMAS GRANT

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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: BRG REALTY VENTURES