Bought with Dalan Realty, LLC
$95,000
$125,000
24.0%For more information regarding the value of a property, please contact us for a free consultation.
2 Baths
4,524 SqFt
SOLD DATE : 11/20/2020
Key Details
Sold Price $95,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,524 sqft
Price per Sqft $20
Subdivision Okeechobee
MLS Listing ID RX-10650702
Sold Date 11/20/20
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1960
Annual Tax Amount $926
Tax Year 2019
Lot Size 0.321 Acres
Property Sub-Type Quad Plex
Property Description
Unbelievable Opportunity!!! Giant 5 unit Building approximately 4300 sq ft with Miami Dade Pine and New Metal Roof. Building is on a .46 acres and is a compilation of 3 lots, the lot that the building is on and 2 additional lots that are zoned for triplex. Building is zoned and has plans in place to be a Cash Cow or Potentially even a Flip with 5 permitted units to be built by new owner. Current plans entail two 2 bed/1 bath units on the top floor with washer/dryer hookups, with a potential rental rate of $1300 per unit. On the first floor two more 2 bed/ 1 bath units with a potential rental rate of $1000 per unit. Finally a 1 bed/ 1 bath with a potential rental rate of $800. That's a gross rental income of $5400.00 per month!
Location
State FL
County Okeechobee
Area 5940
Zoning 10>Multifamily
Interior
Heating Other
Cooling Other
Flooring Other
Exterior
Exterior Feature Extra Building
Utilities Available Public Sewer, Public Water
Amenities Available Bike - Jog
Waterfront Description None
Roof Type Metal
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre
Story 2.0
Foundation Frame
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None,Other
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "