$685,000
MLS# RX-10970974
Status: Active Under Contract
2368 sqft
1 / 24
Property Description
3/2 single family house and a triplex (all 1/1s) for a total of 4 income-producing units. Fully occupied with in-place rents grossing $5,682/mo and proven market rents at $6,612/mo. 7.7% cap rate based on in-place rents and expenses.
Details
Contract Information
Listing Date: 2024-03-21
Status: Active Under Contract
Original List Price: 685000
Auction: No
List Price: $685,000
Current Price: $685,000
List Price/SqFt: 289.27
Comm/Non-Rep: 3%
Comm/Buyer Agent: 3%
Comm/Trans Brk: 3%
General Property Description
Type: Quad Plex
Structure Type: Quadruplex
Total # of Units: 4
Property Condition: Resale
Year Built: 1962
Number of Stories: 1
SqFt - Total: 2807
SqFt - Living: 2368
SqFt Source: Tax Rolls
Gated Community: No
Homeowners Assoc: None
Subdivision: 28-42-43, E 100 FT OF W 935.77 FT OF S 140 FT OF N 255 FT OF NE 1/4 OF NW 1/4
Lot SqFt: 14000
Waterfront: No
Private Pool: No
Pets on Premises: No
Separate Elec Meters: Yes
Separate Wtr Meters: No
Location, Tax & Legal
Area: 5280
Geo Area: PB26
Country: United States
State/Province: FL
Zip Code: 33404
Short Sale: No
Short Sale A/U: N/A
Short Sale Addendum: No
Multiple Ofrs Acptd: Yes
REO: No
HOPA: No Hopa
Legal Desc: 28-42-43, E 100 FT OF W 935.77 FT OF S 140 FT OF N 255 FT OF NE 1/4 OF NW 1/4
Zoning: RS-6(c
Tax Year: 2023
Taxes: 5449.8
Office/Member Info
DXORIGMLNO: RX-10970974
DXORIGMLSID: RML
Status Change Info
Under Contract Type: Active Under Contract
Under Contract Date: 2024-04-24
Unit 1 Info
Bedrooms: 3
Full Bath: 2
Furnished: No
SqFt: 988
Monthly Income: 2000
Unit 2 Info
Full Bath: 1
Furnished: No
SqFt: 460
Monthly Income: 1029
Unit 3 Info
Full Bath: 1
SqFt: 460
Monthly Income: 1330
Unit 4 Info
Bedrooms: 1
Full Bath: 1
SqFt: 460
Monthly Income: 1323
Income & Expenses
Gross Operating Inc: 68184
Annual Total Expense: 15436
Annual Net Oper Inc: 52748
Storm Protection
Panel Shutters: Complete
Property Features
Source of Expenses: Owner
Construction: CBS; Concrete
Waterfront Details: None
Unit 1 Desc: A/C Unit; Dishwasher; Electric Meter; Kitchen; Refrigerator; Smoke Detector; Split Bedrooms; Utility; Window Cover
Unit 1 Parking: Open Parking
Unit 2 Desc: A/C Unit; Electric Meter; Kitchen; Refrigerator; Smoke Detector; Utility
Unit 2 Parking: Open Parking
Unit 3 Desc: A/C Unit; Electric Meter; Kitchen; Refrigerator; Smoke Detector; Utility
Unit 3 Parking: Open Parking
Lot Description: 1/4 to 1/2 Acre
Exterior Features: Custom Lighting; Fence; Fruit Tree(s); Open Porch
Subdiv. Amenities: Park; Shuffleboard
Tenant Pays: Cable; Electric
Restrict: None
Flooring: Carpet; Vinyl Floor
Cooling: Central
Heating: Central
Roof: Comp Shingle
Terms Considered: Cash; Conventional; Exchange; FHA; VA
Utilities: Public Sewer; Water Available
Special Info: Sold As-Is
Taxes: City/County
Avail Info: Leases
Possession: At Closing
Contingencies: Appraisal; Inspection
Listing Office: 49 Units, LLC
Last Updated: April - 24 - 2024
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Sunday 5th of May 2024 11:27 PM