$355,000
$2,172,858
83.7%For more information regarding the value of a property, please contact us for a free consultation.
461 BENTWOOD LN Orange Park, FL 32073
8 Beds
48 Baths
22,116 SqFt
Key Details
Sold Price $355,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 22,116 sqft
Price per Sqft $16
Subdivision Cedar Bend
MLS Listing ID 1084452
Sold Date 01/29/21
Bedrooms 8
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 1982
Property Description
Great opportunity to own rental property in a high demand area. Fully occupied. Current comps show rents are up to 950- 1050/m in this community HUD FAIR MARKET RENT IS $1,120.00 PER MONTH Plenty value add, . With property management in place this is a potential 34.03% IRR and 30.27% CASH offered at 8% Cap Rate 10 year hold SEE PROFORMA. This property has been well maintained. All annual lease. See attached Proforma. Hud Fair Market Rents for 2021 for zip code 32073 is $1120 for 2 bed room. Plenty of upside! Public records show property as having only one bath but there is a half bath in each unit connected to the master bedroom. Tenant Pays Water and Electric all units are metered individually. NEW FLOORING RECENTLY INSTALLED IN 95% OF THE UNITS See attached Docs This is being offer as a portfolio of 6 quadraplexes in the same neighbor hood. 469,464,461 Bentwood and 471,468,454 Crabapple court will be listed separately also . Owner Prefers to sell as a package deal but will sperate for strong offer
Location
State FL
County Clay
Community Cedar Bend
Area 131-Meadowbrook/Loch Rane
Direction 295 - At exit 12, take ramp right for SR-21 toward Orange Park Mall Turn left onto SR-21 S / Blanding Blvd Turn right onto Wells Rd Turn left onto Cedar Bend
Interior
Heating Central
Cooling Central Air
Flooring Tile, Vinyl
Exterior
Garage Spaces 48.0
Pool None
Roof Type Shingle
Total Parking Spaces 48
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Structure Type Frame,Shell Dash
Others
Tax ID 06042601068710400
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Bought with FLORIDA HOMES REALTY & MTG LLC