Active

$925,000

Features:
  • 14 Bedrooms
  • 7 Bathrooms
  • 4801 sq ft
Overview
  • ID: MFRO6202329
  • Bedrooms: 14
  • Bathrooms: 7
  • Size: 4801 sq ft
Property Details
Remarks
Fantastic turkey investment property package of 3 properties, within 5 minutes of each other, 100% occupied with 16 tenants producing $14,175.00 gross monthly income listed at an unheard of 10.3% cap rate based on 2024 financials so far this year. Estimated 2024 NOI $95,942.87. You may have heard the term house hack or PadSplit, these are fully furnished rentals, rented out individually by the room. All furnishings are included in the sale, and 45 days of management training included. The current owners have been doing this business model since 2011. It’s 100% turnkey, tenants are all on month by month leases for flexibility, however on average most tenants stay 12-18 months, some even longer All of the properties are in great shape and have no deferred maintenance. Properties included in the sale: Property #1: 6 bedroom 2 bath house, Property #2: 4 bedroom 1 bath house and detached studio apartment with full kitchen and bath. Property #3: 4 bedroom 2 bath house and attached studio apartment with full kitchen and bath. Full financials, property list, and additional details with signed non-disclosure agreements. A licensed Florida Real Estate Agent owns legal interest in the property.
Financial Considerations
Price:
$925,000
HOA Fee:
N/A
Tax Amount:
$2293.95
Price per SqFt:
$192.67
Tax Legal Description:
N 105 FT OF S 623 FT OF E 131 1/2 FT OF W 526 FT OF LOT 5 HOPKINS MAP FITCH GRANT PER D/C 6205 PG 4676 PER OR 6259 PG 1381 PER OR 7141 PG 2985 PER OR 7736 PG 0750
Exterior Features
Lot Size:
12810
Lot Features:
Corner Lot, City Limits, Level, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Metal, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
14
Bathrooms:
7
Heating:
Electric, Exhaust Fan
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Carpet, Luxury Vinyl, Tile
Levels:
N/A
Additional Features
Property Sub Type:
Multi-Family
Style:
N/A
Year Built:
1955
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Lighting
Additional Features 2:
Buyer to do their own due diligence regarding leasing restrictions.
Map
  • Address
    346 CLIFTON AVE
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