Photo 1 of 1
$81,000
Sold on 12/04/15
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
2,200 |
$3,497 |
1955 |
|
On the market:
73 days
|
View full details, photos, school info, and price history
Originally the property was a 10 unit apartment building. It is CBS construction built in 1955. Currently the property is a vacant 10 unit Multi-Family property. It is a complete rehab property. The City will allow the property to be a 5 unit townhome style property, with each townhome approximately 800 square feet MOL.

It is one block west from the main campus of Bethune-Cookman University (BCU).

It is a great opportunity for the investor that wants a college rental investment in their portfolio. 

The owner is a deal maker and will listen to all offers that make sense. He has indicated he will hold paper and act as the bank for the remodel costs.

The owner already has demolished the interior. The owner has engineering plans to make it a 5 unit 2 story townhome style property ideal for. The plans are for 3 bedroom units.

Apartments within a 2-5 blocks rent by the room. They are older apartments and the per room rent is $500 utilities included.

When complete the 3 bed room townhomes should easily rent between $1,500-$1,900 per townhome or $500-$633 per room.
