$1,349,000 $7,242 est/mo Sourced by Back At You

MLS Number: O6175520

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Description

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.

Details

MLS#O6175520
Listing TypeFor Sale
StyleTown House
Sub-TypeFor-sale
StatusActive
Year1945
Days On Site111
Listing Provided ByCOLDWELL BANKER REALTY | Edward Johnston

Features

Bed(s)162
Bath(s)81
SQ Feet6,922
Story(s)1
Units12
ZoningMULTI-FAMI
Acreage0.72

Market Activity 32055

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of May 23, 2024 at 8:08:52 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Listings Checked: 1 hour ago
StateFL
CountyColumbia
CityLAKE CITY
Zip Code32055
Area32055 Lake City
Community NameLAKE CITY
Listing VS Median (in LAKE CITY)
Price:
$1,349,000
low | high
Med:
$742,000
94.996293550778% of Average
SqFt:
6,922
low | high
Med:
4,301
87.864778965617% of Average
$ / SqFt:
$195
low | high
Med:
$138
79.383538070528% of Average
On Site:
111
low | high
Med:
209.000000
53.11004784689% of Average
Sourced by Back At You
Listing Updated: March 7, 2024 at 10:20:02 PM PST