Lake City, FL 32055MLS Number O6175520

  • Price: $1,349,000
  • Est. Mortgage of $/month
  • 80 Days on Market
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$/month over payments
Federal 30-year interest rate: 7.1% last updated on Apr 18, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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  • 162Bedrooms
  • 0.72Acreage
  • 81Bathrooms
  • 1945Year Built
Charming Development with 10 buildings and 10 tenants in place in this stable asset. With large upswing there is additional building that is waiting to be renovated the current owner has already gutted so it is easy redo. That unit will bring in approx. additional $1725 per month. The current owner has gone though 8 of the units and renovated the other two units the tenants have been there for years they are paying current rates they seem to love their homes they way they are. Also there is a existing pad with electric and plumbing just waiting for additional unit to be put in place for even more Cash Flow. The property has complete camera system so ownership may always be able to check their investment for their anytime anyplace. The current long term owner has made sure this investment will have no deferred maintenance. This amazing Cash Cow is located right off Historic Downtown Lake City, walking distance to the VA Hospital, and the Lake Soto Park. Lake City is experiencing growth like the rest of the State and limited housing. Please do not enter property without Appointment this is a Quite Sale.
Listing Courtesy of COLDWELL BANKER REALTY

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Location Information

  • Road Frontage DescriptionDirt, Paved

Rooms

  • Bedrooms162

Location

  • AreaLake City
  • CountyColumbia
  • Exterior Features Outbuilding(s), Lighting, Other
  • StateFL
  • SubdivisionLake City
  • TownLake City
  • Township 3
  • Zip32055

Interior

  • Flooring Ceramic Tile, Hardwood
  • Furnished Unfurnished

Amenities

  • Appliances IncludedRange, Refrigerator
  • Security Features Closed Circuit Camera(s), Security System Owned, Smoke Detector(s)

Water Body

  • MFR Water Access YN No
  • Water ViewNo

Basic Information

  • Lease Term Twelve Months
  • List Price$1,349,000
  • MLS NumberO6175520
  • Mls Status Active
  • StatusACT

Building

  • Bathroom81
  • Construction Materials Block, Wood Frame
  • Foundation Details Crawlspace, Slab
  • Levels One
  • RoofMetal
  • Units12
  • Window Features Aluminum Frames
  • Year Built1945

Property Information

  • Acreage0.72
  • Building Area Total 6,922
  • Lot Size Square Feet 31,494
  • MFR Living Area Meters 643
  • MFR Lot Size Square Meters 2,926
  • MFR Total Acreage 1/2 to less than 1
  • Number Of Lots 2
  • Square Feet6,922

Tax Information

  • MFR Total Monthly Expenses $1,448
  • Tax Year 2022
  • Taxes$4,195

Basic Information

  • Property SubTypeMulti-Family
  • Special Listing Conditions None
  • Total Actual Rent $11,925
  • Virtual TourView Tour

Property

  • MFR Building Area Total Srch Sq M643
  • ZoningMULTI-FAMI

Utilities

  • Cooling Wall/Window Unit(s)
  • Heating Wall Units / Window Unit
  • Laundry Features Common Area
  • Sewer Public Sewer
  • Utilities
    • Cable Connected
    • Electricity Connected
    • Fire Hydrant
    • Sewer Connected
    • Street Lights
    • Water Connected
  • Water Source Public

Other

  • Building Area Source Public Records
  • Date Listed02/02/2024
  • Gross Income $143,100
  • MFR Annual Net Income $125,724
  • MFR Flood Zone Code X
  • MFR Flood Zone Date 2018-11-02
  • Tenant Pays ["Electricity", "Sewer", "Trash Collection", "Water"]
  • View Count27
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
10016 Wellness Way
Orlando, FL 32832

Based on information submitted to StellarMLS as of April 21, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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