$1,020,000
$1,150,000
11.3%For more information regarding the value of a property, please contact us for a free consultation.
3,714 SqFt
SOLD DATE : 12/13/2024
Key Details
Sold Price $1,020,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,714 sqft
Price per Sqft $274
Subdivision Grove City Cove
MLS Listing ID A4621761
Sold Date 12/13/24
Construction Status Financing
HOA Y/N No
Originating Board Stellar MLS
Year Built 1988
Annual Tax Amount $12,578
Lot Size 0.550 Acres
Acres 0.55
Property Description
This income producing property includes 4 structures, 2 duplexes all 1 bed 1 bath, 1 single Family Cottage with 2 Bedrooms 1 Bath and a Triplex with two 1 bedroom 1 bath and an efficiency apt. The two duplexes and the 2-bedroom cottage the tenants pay their water, sewer and Electric. The triplex Owner pays water, sewer and electric. There is shared laundry room, Washer and Dryer for tenants use. Owner has a Storage Shed onsite for tools, lawnmower etc. Property generated $9640 a month in rent. City water, City Sewer all assessments paid. All exteriors of buildings have been painted in the last 12 months; All Apartment Rentals interiors have been painted in the last 12 months. Triplex has Metal Roof and new roll roof on the efficiency, 1 duplex and cottage have 5-year-old roof, the other duplex has 6.5-year-old roof. Cap Rate 8.44%. Property is right up the street from the Intercoastal. No Flooding!
Location
State FL
County Charlotte
Community Grove City Cove
Zoning RMF15
Interior
Interior Features Ninguno
Heating None
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl
Fireplace false
Appliance Dryer, Range, Refrigerator, Washer
Laundry Common Area
Exterior
Exterior Feature Storage
Utilities Available Public
Roof Type Metal,Shingle
Garage false
Private Pool No
Building
Lot Description Corner Lot
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block,Concrete,Stucco
New Construction false
Construction Status Financing
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Owner Financing
Listing Terms Cash, Conventional, Owner Financing
Special Listing Condition None
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