Niceville, FL 32578

$220,000
Property Type: Commercial for Sale Status: Sold
Current Price: $235,000 List Date: 11/27/2012 Last Modified: 10/11/2024

Description

This complex consist of six 2 bedroom, 1 bath units approx 789 square feet each. One building of 3 units faces Fir Ave and the other building of 3 units faces 46th Street. Unit 401A Fir has recently been updated and rent was increased to $650. The other rents are: 401B-$500, 401C-$500, 905 46th ST unit A-$475, B-$540 and C is vacant but was renting for $500 (this unit needs work before it can be rented. Units are all electric central heat and A/C with public water and sewer, all on separate meters, all units have refrigerators. Seller says new roof was installed in 4-06.

More Information MLS# 585704

None

Current Price: $220,000

Status Change Info

Status: Sold Under Contract Date: 2012-12-06 Sold Date: 2013-01-10 Sold Price: $220,000

Contract Info

List Date: 2012-10-17 List Price: $235,000 Listing Board: Emerald Coast

Location Tax and Legal

State: FL Zip Code: 32578

General Property Info

Property Information: 2011 Taxes $2520, Insurance and maintenance Vacant: No Immediate Occupancy: No

Multi-Family

Year Built: 1972 Building SqFt: 4734 # of Units: 6 Price P/SqFt: 49.64 Vacancy Rate: 5 Expenses/Unit: 1791 Price P/Unit: 39167 Gross Rent Multplr: 7 Scheduled Income: 37980 Actual Gross Income: 31780 Expenses: 10745 Net Operating Income: 21035 Cash Flow: 6705 Cap Rate: 9

Property Features

Class: Multi-Family Construction Status: Existing
Listing Office: ERA American Real Estate
Last Updated: October - 11 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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