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Key Details
Sold Price $229,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $79
Subdivision Brewers Add
MLS Listing ID U8134444
Sold Date 02/16/22
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1979
Annual Tax Amount $2,422
Lot Size 0.360 Acres
Acres 0.36
Property Description
Excellent cash deal on a Multi-family DUPLEX fully rented! Was once 4 units and converted to 2 large units now-2800 SQ?FT. 100% Tenant occupied on 12 month leases. Turn it back into a Quadraplex?
Income Yearly is $24,300, Monthly -$2,025. Insurance $1700/YR. Taxes-$2,422. Water/Elecric/garbage $612/Mo.
Total Expenses-$954/Mo or $11,448/Year. Income $24,300 - $11,448 - $12,852.
Owner pays electric and water. This can be changed by adding meters to the water lines from Home Depot at $139 per meter. An additional electric meter can be added also. Doing these two things will eliminate $600 dollars MOL each month from the expenses. Should the current owner keep the property, this is what will be completed.
The property is well-maintained by a professional management company that can be retained if needed. Showing with an signed contract. When we purchased this property our inspector could only find one thing that needed to be corrected. It was a dryer vent that had become disconnected. This will give you a idea of the condition of this property. Cash only.
lease end dates -
6/01/21-05/31/22
04/01/21-03/31/22
Location
State FL
County Citrus
Community Brewers Add
Zoning NBR
Interior
Interior Features Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Master Bedroom Main Floor, Thermostat
Heating Central
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Lighting, Other, Sidewalk
Garage Assigned, Ground Level, Guest, Off Street
Utilities Available Cable Connected, Electricity Connected, Fire Hydrant, Other, Public, Sewer Connected, Water Connected
Waterfront false
View Trees/Woods
Roof Type Shingle
Parking Type Assigned, Ground Level, Guest, Off Street
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with FLORIDA EXECUTIVE REALTY
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