$516,500
$495,900
4.2%For more information regarding the value of a property, please contact us for a free consultation.
4,824 SqFt
SOLD DATE : 05/21/2021
Key Details
Sold Price $516,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,824 sqft
Price per Sqft $107
Subdivision Cedar Ridge
MLS Listing ID S5048863
Sold Date 05/21/21
Construction Status Inspections
HOA Y/N No
Year Built 1980
Annual Tax Amount $3,713
Lot Size 0.320 Acres
Acres 0.32
Property Description
Generate a 10% CAP return when you purchase this well maintained 8 unit apartment complex. All 8 units features 1 bed 1 bath, separate water and electric meters, rear walkout balconies and a private parking lot with amply amount of parking space. Most of the units has tiles throughout with a newer water heater, A/C unit and appliances. Each unit has central A/C with a laundry room area. There's a shed on the premises that tenants can use for extra storage. The exterior and interior of each unit has been freshly painted. It's conveniently located just minutes from University of Florida, Sante Fe College, VA hospital, shopping centers, restaurants and I-75. This is an excellent turn key opportunity to generate passive income. This wont last so schedule your showing today!
Location
State FL
County Alachua
Community Cedar Ridge
Zoning R-3
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Vinyl
Furnishings Turnkey
Fireplace false
Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Laundry Inside
Exterior
Exterior Feature Balcony, Sidewalk, Sliding Doors
Community Features Sidewalks
Utilities Available Public
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Brick,Concrete
New Construction false
Construction Status Inspections
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with CHARLES RUTENBERG REALTY ORLANDO
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "