Lake City, FL 32055
For Sale MLS# O6175520
162 beds 81 baths 6,922 sq ft Multi-family
Details for
MLS# O6175520
Description for , Lake City, FL, 32055
Charming Development with 10 buildings and 10 tenants in place in this stable asset. With large upswing there is additional building that is waiting to be renovated the current owner has already gutted so it is easy redo. That unit will bring in approx. additional $1725 per month. The current owner has gone though 8 of the units and renovated the other two units the tenants have been there for years they are paying current rates they seem to love their homes they way they are. Also there is a existing pad with electric and plumbing just waiting for additional unit to be put in place for even more Cash Flow. The property has complete camera system so ownership may always be able to check their investment for their anytime anyplace. The current long term owner has made sure this investment will have no deferred maintenance. This amazing Cash Cow is located right off Historic Downtown Lake City, walking distance to the VA Hospital, and the Lake Soto Park. Lake City is experiencing growth like the rest of the State and limited housing. Please do not enter property without Appointment this is a Quite Sale.
Listing Information
Property Type: Residential, Multi Family
Status: Active
Bedrooms: 162
Bathrooms: 81
Lot Size: 0.72 Acres
Square Feet: 6,922 sq ft
Year Built: 1945
Stories: 1 Story
Construction: Block,Wood Frame
Subdivision: Lake City
Foundation: Crawlspace,Slab
Number Of Units Total: 12
County: Columbia
Additonal Room Information
Laundry: Common Area
Interior Features
Appliances: Range, Refrigerator
Flooring: Ceramic Tile,Engineered Hardwood
Basement: Crawl Space
Doors/Windows: Aluminum Frames
Additional Interior Features: Living/Dining Room
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Cooling: Wall/Window Unit(s)
Heating: Window Unit, Wall Furnace
Exterior / Lot Features
Roof: Metal
Additional Exterior/Lot Features: Lighting, Other, Out Building(s)
Out Buildings: Outbuilding
Community Features
Community Features: Street Lights
Security Features: Closed Circuit Camera(s), Security System Owned, Smoke Detector(s), Fire Hydrant(s)
Unit Information
Unit 1 Units Total: 9
Unit 1 Actual Rent: 1350
Unit 1 Baths Total: 9
Unit 1 Beds Total: 18
Driving Directions
441 North from town 5 Blocks to right on NE Franklin St and Left on the 3rd Block NE Davis Ave Ave property will be up 4 Block on your left.
Financial Considerations
Terms: Cash,Conventional
Tenant Pays: Electricity,Sewer,Trash Collection,Water
Gross Income: 143100
Tax/Property ID: 00-00-00-10890-000
Tax Amount: 4195
Tax Year: 2022
Price Changes
| Date | Price | Change |
|---|---|---|
| 06/27/2024 10.52 PM | $1,295,000 | -$54,000 |
| 03/11/2024 11.19 AM | $1,349,000 |
A broker reciprocity listing courtesy: COLDWELL BANKER REALTY
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The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.
Sales History & Tax Summary for
Sales History
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| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.
Schools
Schools nearby
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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