19.) East Florida $648,900 Great Deal On 15 Units | Sept. 18th, 2013

$648,900 Great Deal On 15 Units | Sept. 18th, 2013

East Florida

15 units! $43,260.00/unit! Owner Financing available! 11% CAP! 100% Occupied!

Asking $648,900

Owner Financing Available with 35% down and 5.99% 20 years Am and 3 year balloon note (with extention).

12-2bdr/1bth

3-1bdr/1bth

Actual Net Operating Income $70,750

 

Can Be sold separately: 

10 units for $444,600.00

5 units for $224,800.00

Concrete Block Construction

Tile Flooring in All Units

Units Individually Metered for Water and Sewer

Wall Mounted Air Conditioning

Great Infill Location

·         No. Units: 15

·         Building Size: 11,190 SF

·         Price/Unit: $43,260

·         Cap Rate: 11%

·         Occupancy: 100%

·         No. Stories: 1

·         Year Built: 1971

·         Lot Size: 0.63 AC

• CLOSE TO DOWNTOWN

• OWNER FINANCING WITH 35% DOWN

Three (3) rental buildings for sale each with 5 units. Each building has 4 x 1 Bdr/1 bath and 1 x 1 bdr/1 bath apartment, yielding a total of 15 rental units. This is a great opportunity! Low maintenance, low expenses and Owner Financing Available!

The units have recently been re-floored with ceramic tile and appliances have been replaced as needed. All units have wall mounted air conditioning and select units have had the kitchen counter-tops replaced.

The property is well located near the major east-west thoroughfare and is close to public transportation and employers in the area. 

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