Active

$1,150,000

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 1316 sq ft
Overview
  • ID: MFRA4650013
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 1316 sq ft
Property Details
Remarks
Investor’s Dream - 5-Unit Rental Gem! High ROI potential, zoned for weekly rentals. Welcome to a rare opportunity to own a cash-flowing multifamily building perfectly positioned to capitalize on the booming short-term rental market. 4 of the 5 Units have been renovated with new kitchens. All 5 units have new mini-split AC systems and have large private terraces. One unit is turnkey furnished with proven revenue history in this high-demand area! The other 4 apartments are currently rented to annual tenants, but could easily be converted to short-term rental units. There are also 10 mini garage units that are leased to tenants for storage at an average of $125/month. Location, Location, Location: This Laurel Park location is minutes from downtown, the entertainment venues and restaurants of Burns Court, and other cultural hotspots. This prime income property is ready for a new owner to step in and start earning from day one. Pro-forma statement available upon request.
Financial Considerations
Price:
$1,150,000
HOA Fee:
N/A
Tax Amount:
$12863.4
Price per SqFt:
$873.86
Tax Legal Description:
S 71.2 FT OF LOT 18 SUB OF LOTS 3 & 4 BLK G AKA BURNS REALTY CO RESUB OF LOTS 1 THRU 8 INC BLK G PLAT OF SARASOTA
Exterior Features
Lot Size:
3952
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Membrane
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
Electric
Cooling:
Ductless
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1920
Construction Type:
Block, Brick, Stucco, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Courtyard, Fence, Lighting, Sidewalk, Storage
Additional Features 2:
N/A
Map
  • Address
    525 RAWLS AVE
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