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64 units- Income Property

  • Area 607 sq ft
  • Floors 1
  • Bedrooms 2
  • Bathrooms 1

Description

Property consists of 64 concrete block garden apartment.No deferred maintenance with roof, windows, electric a/c and plumbing repaired in last four years.Recent tropical storm put property to the test with more than 20" rain and NO DAMAGE. All 64 apartments are 2 beds 1 bathroom all individually metered for water and electric and own a/c units great for future conversion and landlord costs. No section 8 tenants. 6 apartment buildings 2 vacant lots for apartment expansions. convey. 3 vacant Lots for Proposed GAS station and 17,00sq retail space can be purchased additionally. $2M loan amortized over 30years assumable to qualified principle, Email for Pro-forma and e-Flyer rent and sales comparsions. OWNER MOTIVATED

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Exterior Property Information

  • Sale Status: Expired
  • Parking Spaces: 75
  • Net Operating Income: 385000 space(s) / 1,000 ft.2
  • Price: $2,599,900.00
  • Gross Operating Income: 482000
  • Fair market value: 3200000
  • MLS: -
  • Occupancy Rate: 85.00 %
  • Operating Expenses: $ 101000
  • Year Built: 1965
  • Number of units: 64
  • Phone: 3215014067
  • Email: impi

Exterior Features

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