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Key Details
Sold Price $460,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 7,692 sqft
Price per Sqft $59
Subdivision 9917 - Jacksonville Road/North Magnolia
MLS Listing ID OM620945
Sold Date 08/13/21
Construction Status No Contingency
HOA Y/N No
Year Built 1983
Annual Tax Amount $4,869
Lot Size 1.220 Acres
Acres 1.22
Property Description
INVESTMENT OPPORTUNITY with B4 Zoning! Three Quads, total of 12 Units, being sold as package deal. Eleven units are currently rented at $650/month for a total gross rental income of $7,150 per month, twelfth unit will be rentable after repairs are made adding an additional $650 per month. Total Annual Gross of $93,600 for twelve units. All units are efficiencies, owner pays for garbage and sewer, tenants pay for electric and cable. But there's more, property has approximately 100' of frontage on Jacksonville road with potential to add another Quad or Building for additional income. Property being sold AS IS.
Location
State FL
County Marion
Community 9917 - Jacksonville Road/North Magnolia
Zoning B4
Interior
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplace false
Exterior
Exterior Feature Other
Utilities Available Cable Available, Electricity Available, Electricity Connected, Public, Sewer Connected, Water Available, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 1 to less than 2
Sewer Septic Tank
Water Public
Structure Type Block,Stucco
New Construction false
Construction Status No Contingency
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with GUS GALLOWAY REALTY INC
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