1101 New York Ave., St. Cloud, FL 34769

1101 New York Ave., Saint Cloud, FL 34769
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$210,000
Sold on 5/11/16
Beds Baths Sq. Ft. Taxes Built
0.00 3,350 $1,366 1926
On the market: 960 days
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This building consists of 2 retail rentals on the street level floor and 4 residential retail units on the 2nd floor. First floor has a large retail store that the owner is currently occupying and he will vacate at closing . The other retail unit is currently rented as a barber shop with a lease at $500 per month. The large retail space should bring at least $1100 per month. The upstairs consists of 4 residential units which include 2 - 1 bedrooms and 2 efficiencies. The efficiencies rent for $100 per week and the 1 bedrooms rent for $125 per week. At full capacity the total revenues should exceed $40,000 per year with a cap rate of "13".
Listing courtesy of Don Ruizzo, ASSIST 2 SELL ACE FULL SERVICE REALTY