$320,000
$340,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
466 CRABAPPLE CT Orange Park, FL 32073
8 Beds
8 Baths
3,686 SqFt
Key Details
Sold Price $320,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,686 sqft
Price per Sqft $86
Subdivision Cedar Bend
MLS Listing ID 1082607
Sold Date 12/10/20
Bedrooms 8
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 1983
Property Description
Great opportunity to own rental property in a high demand area. Fully occupied. Current comps show rents are up to 850 to 950 m in this community, increasing annual rent to 44,700. # This is easily don by increasing all units to Market Rents. With property management in place this is a potential 16.71 Cash on Cash and 23.05 IRR . See attached 10 yr Proforma 466a,b,c are month to month tenants pay electric and water
Location
State FL
County Clay
Community Cedar Bend
Area 131-Meadowbrook/Loch Rane
Direction From Blanding go West on Wells to Left at Hilltop; at stop sign go straight on Crabapple
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Assigned, Parking Lot
Pool None
Private Pool No
Building
Story 2
Level or Stories 2
Others
Tax ID 06042601068711500
Security Features Smoke Detector(s)
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Bought with LIGHTHOUSE PROPERTY MANAGEMENT & REALTY LLC