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Key Details
Sold Price $395,000
Property Type Residential Income
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,304 sqft
Price per Sqft $119
Subdivision Not In Subdivision
MLS Listing ID L4922639
Year Built 1972
Annual Tax Amount $2,495
Lot Size 8,276 Sqft
Property Description
Incredible location with serious upside income potential. Quadplex containing 2 units that are 2/1.5 and 2 units are 2/1. Property is block construction and was re-plumbed in 2012. Each unit has a separate electric meter but water is paid by owner. Assigned parking in front with shared private green space for tenants. Includes a coin operated laundry room creating additional income. Each unit is occupied but the tenants are month-to-month or with current lease expiring shortly. With a little work units can rent for so much more. Each unit contains a refrigerator, stove, microwave, ceiling fans and dishwasher. Cap rate currently exceeds 7%. This is a rare opportunity to purchase multi-family block construction units in a highly desirable location.
Location
State FL
County Polk
Community Not In Subdivision
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Tile, Vinyl
Laundry Laundry Room
Exterior
Exterior Feature Lighting
Parking Features Assigned
Utilities Available Cable Available, Public
Roof Type Built-Up
Building
Lot Description City Limits, Near Public Transit, Paved
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Southwest Elem
Middle Schools Southwest Middle School
High Schools Kathleen High
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with THE SHOP REAL ESTATE CO.
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