$1,349,000

, Lake City, FL 32055

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$1,349,000

Lake City, FL 32055

For Sale MLS# O6175520

162 beds81 baths6,922 sq ftMulti-family

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Data current as of 26/05/2024 21:25:27

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

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


$1,349,000 Original Price
$1,349,000 Current Price
$0Total Change
Date Price Change
03/11/2024 11.19 AM $1,349,000
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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

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

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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

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