$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
Garage Assigned, Parking Lot
Pool None
Waterfront No
Parking Type Assigned, Parking Lot
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