11-Unit Apartment Building N Lanier Ave. Fort Meade, FL. 33841
Property Detail
Type
Multifamily over 4 Units, **SOLD** Status
Cash Flow, **SOLD** Location
Florida
Sub Location
Fort Meade
Price
$445,000
Sq. Ft.6,600Bedrooms11Bathrooms11Rent/mo$5,225 - $$7,700RehabNoneGarageNonePoolNoneTaxes/yr$6,290.09Lot Size (Acres)0.5508ConstructionBlockWaterfrontNoneYear1982SubdivisionHillcrestHOA Fees/mon/a
Property Description
Gargantuan price reduction and showing set for Tomorrow 4/21. Please RSVP
This is an 11 unit apartment complex in Fort Meade. Each unit is a 1/1, they are separately metered and tenants pay their own utilities.
10 of 11 units have very recently been renovated and all look exactly the same with the same finishes and appliances. The final unit is currently being renovated with new kitchen cabinets, appliances and tile floor throughout. Also, 8 of the 11 AC Units have been recently replaced.
Currently 10 of 11 units are rented. The only vacancy is due to the current rehab. Rental amounts vary from $450-$500 per month per unit. Rents are below market value, mostly long term tenants which can all have rent increases. Market rents are $650-$700 per month.
PLEASE DRIVE BY ONLY! TENANTS ARE TENSE DUE TO THE VIRUS. CONTACT ME FOR A SHOWING.
