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$290,000
Sold on 9/30/14
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
3,752 |
$3,620 |
1985 |
|
On the market:
139 days
|
View full details, photos, school info, and price history
Excellent cash flow. This is a RESIDENTIAL, 4 unit building - RESIDENTIAL FINANCING ** 9.5% CAP Rate** $60K in CAPTIAL IMPROVEMENTS - (See attachments for list for each unit). Also, ALL units have NEW HwH and units 149, 153 and 155 have NEW AIR HANDLERS. 153 also has a new compressor (outside unit). Property is low maintenance and rental rates are climbing - A+ WINTER SPRINGS schools and one block to Torcano Park (see aerial view pic). CAP rate ASSUMES the following:$50 rent increase for unit 153 (Section 8 tenant) at October lease renewal, 4% interest rate, 30 year term, & 25% down. EXPENSES noted in MLS ($8170) reflect projected increase in insurance ($2650) and taxes ($4200 per Seminole County tax estimator) based on new sales price (Current expenses are only $7187/year- $3600 taxes, $2267 insurance, $960 lawncare and $360 pest control (Hudson)). PLEASE DO NOT CONTACT OR COMMUNICATE WITH TENANTS WHEN ONSITE TO VIEW. Thank you.
Listing courtesy of HOMEVEST REALTY