$1,999,000
$1,950,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
15,680 SqFt
SOLD DATE : 01/04/2021
Key Details
Sold Price $1,999,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,680 sqft
Price per Sqft $127
Subdivision Sunset View
MLS Listing ID U8091457
Sold Date 01/04/21
Construction Status Financing
HOA Y/N No
Year Built 1983
Annual Tax Amount $2,899
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 50x135
Property Description
20 units 2 bed./1 bath, ten duplexes adjacent to each one, fully occupied, solid block concrete, located on the whole street from 37th st to 38th st on 66th Ave N, 0n the north side of the Ave, walking distance to one of the most beautiful Mall, parkside Mall, 5 minutes to HWY 275 which takes within 15 minutes to Tampa International Airport, 15 minutes to the most beautiful beach, 12 minutes to Downtown St Pete. The Owner bought it 20 years ago with a rent $750/ Month, never rise up the rent, at the time average rent for 2 bed 1 bath $1000 to $1300, the current rent much below market value, for the new owner to adjusted at least $1000/month, then you have a Cap Rate above 8% with the full price, very low maintenance building with very low expenses, Tenants pay, water, electricity, dumpster, owner pays Tax, Insurance, Management, & Maintenance, easy to finance with 30% to 35% down payment.just apprased the full price, Owner in his way to change the Roof for three Duplexes, we are selling $97,500 / Unit at the time market value in our area $120k/unit to $135K/unit, please do not disturb tenants, call agent, showing after executed contract, all the units a like 2/1
Location
State FL
County Pinellas
Community Sunset View
Direction N
Interior
Cooling Central Air
Building
Story 1
Foundation Slab
Lot Size Range 1 to less than 2
Structure Type Block,Concrete
New Construction false
Construction Status Financing
Others
Ownership Sole Proprietor
Special Listing Condition None
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