Active

$1,799,000

Features:
  • 12 Bedrooms
  • 12 Bathrooms
  • 6600 sq ft
Overview
  • ID: MFRA4626611
  • Bedrooms: 12
  • Bathrooms: 12
  • Size: 6600 sq ft
Property Details
Remarks
Highly profitable and extremely well-maintained multi-family income property located right off Manatee Ave West! The property is located in a very desirable area in close proximity to shops, restaurants, bus lines, to the Gulf Beaches. This (2) building, (6) unit apartment complex with a courtyard and private parking lot is an amazing opportunity for any investor ready to make a long-term profit instantly! Each unit is an 1100 Sq Ft, 2BR/2BA apartment with a screened in lanai and separate washer/dryer hook-up. All units are occupied and conterminously leased with several tenants who have been leasing for 10+ years. Significant improvements have been made over the last few years, the property has had both roofs replaced, a new fence, and almost all units have been renovated with new paint, new carpet, tile, fixtures, etc. In maintaining the property, we have provided all preventative maintenance, maintenance as needed, and ongoing improvements. This is a great property in an outstanding location with tenants that are long-term and reliable. The extreme rental supply shortage, coupled with the desirability of this property, is a fantastic opportunity! Block construction/shingle roofs. Individual metered for water and electricity. No Cast Iron Pipes. This positive cash flow investment, from day one of ownership, A "must-see" income property that rarely comes along! Sold "as is" with the right to inspect.
Financial Considerations
Price:
$1,799,000
HOA Fee:
N/A
Tax Amount:
$10825
Price per SqFt:
$272.58
Tax Legal Description:
LOT 5 LESS S 142 FT BLK 26 CORAL HEIGHTS 3RD ADD PI#37544.0000/4
Exterior Features
Lot Size:
21331
Lot Features:
City Limits, Level, Near Public Transit, Sidewalk, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Off Street, Open
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
12
Bathrooms:
12
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Range, Refrigerator
Furnished:
No
Floor:
Carpet, Tile
Levels:
One
Additional Features
Property Sub Type:
Half Duplex
Style:
N/A
Year Built:
1977
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
Lighting, Sidewalk, Sliding Doors
Additional Features 2:
N/A
Map
  • Address
    407 62ND ST W
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