$1,315,000
$1,300,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
5,590 SqFt
SOLD DATE : 04/25/2022
Key Details
Sold Price $1,315,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,590 sqft
Price per Sqft $235
Subdivision Hibiscus Gardens
MLS Listing ID A4530737
Sold Date 04/25/22
Construction Status Inspections
HOA Y/N No
Year Built 1960
Annual Tax Amount $10,810
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 100x122
Property Description
Great investment opportunity! In the last five years we have run about a 98% occupancy rate. The only vacancy periods during the last five years have been for renovation work when a tenant has moved out. These units have been very easy to rent (as we are currently renting well under market) and as a result we have experienced little turnover while maintaining a strong tenant base. The property consists of two well-maintained, concrete block buildings. The first is a two-story building which houses three units on each floor. The second building is a duplex design. There are a total of seven Two-Bedroom units and one One-Bedroom unit in all, each containing One Bathroom apiece. All eight units are tiled and have central A/C. They are also separately metered for water/electric which is paid by the tenant (trash included). In addition, the property has its own laundry facilities on site that produces additional income. The property provides ample parking for its tenants. Conveniently located just 1.5 miles from the nearest shopping center and 3.5 miles to the beach. This property is not in a flood zone and flood insurance is not required for bank lending.
Location
State FL
County Pinellas
Community Hibiscus Gardens
Interior
Interior Features Ninguno
Heating Central
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Other
Utilities Available Cable Available, Electricity Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level Two
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Private
Structure Type Block, Stucco
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with STONEBRIDGE REAL ESTATE CO
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