Posted

print

favorite this post 7br - 2740ft2 - 3 Florida Properties, $20K Yr. 10% Return 12 Miles from the Beach OBO hide this posting unhide

1234567891011
Springfield Ct N near Main St

(google map)

7BR / 2Ba 2740ft2 available jun 30

house
laundry on site
detached garage

Sunny North Florida, Owner Retiring, 12 Miles from the Beach, 3 Separate properties, less than 3 miles from each other, 1st a 60' x 660' .91 Acres lot, 2nd a 3 Big Bedrooms, 1 Bath House, 3/1 All Brick House, Zoned Commercial / Residential, Live Here or Work Here, One Car Detached Garage + Work Shop + Double Carport, 3rd a 4/1 Frame House, easily converted to a 4/2, with a fenced Lot, central A/C, Rents for $800 + $1,000 month, $1,800 Rent Income per Month, $21,600 per Year. $216,000 Rent Income after 10 Yrs. Vacant and Ready to Move In, Quiet Neighborhoods, Better Than New...!!! Extra Clean, Low maintenance Brick the 3/1, Wood Floors, Low Total Property Taxes $1,200 per Year, Insurance $1,300 Year, Central Area, Close to Everywhere, I-10, I-95, I -295, US1, Minutes from The Beach, St. Johns River, Boat Ramps, Downtown, Shopping, Mayo Clinic, Universities, Airport, laundry Room with Washer and Drier connections, Huge Lot, can park RV's, Boats, Big Trucks, All your Toys, Will take $35K for the .91 Acres Lot, $110K for the 4/1, $85K for the 3/1 All Brick House or $225,000 for ALL 3 Management Available, Will Co-Op, Bring All Offers or Trades...!!! Owner Retiring, Call show contact info

Total Income= 1,800 *12 = $21,600 Yr.
Property Taxes = $1,200 Yr.
Insurance = $1,300 Yr.
Net income = $21,600 - 2,500 = $19,100 Annual Income
Net Cap rate = $21,600/225,000 = +10 % Annual Return
$216,000 Rent Income after 10 Yrs.
Asking $35K for the .91 Acres, $110K for the 4/1, $85K for the 3/1 All Brick House or $225,000 OBO for ALL 3 Properties or Trades.
Owner Retiring, Management Available, Call show contact info

  • do NOT contact me with unsolicited services or offers

post id: 6913769673

posted:

updated:

best of [?]