Bought with Cheryl Scruggs • J W Morton Property Management, LLC
$290,000
$325,000
10.8%For more information regarding the value of a property, please contact us for a free consultation.
0.73 Acres Lot
SOLD DATE : 03/31/2017
Key Details
Sold Price $290,000
Property Type Other Types
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Subdivision Labelle
MLS Listing ID 750612
Sold Date 03/31/17
HOA Y/N No
Year Built 1989
Annual Tax Amount $4,389
Tax Year 2015
Lot Size 0.730 Acres
Acres 0.73
Property Description
GREAT INVESTMENT with little maintenance. There are 49 storage units that are 10' by 20' each plus a small one bedroom apartment. The apartment does have central heat and air. The units are not air cooled. The three buildings are located behind the Post Office in Inverness. The owner must sell because of illness. At the present time the units are about 75% full, with various monthly fees. Annual proposed income: 49 x $80.00=$47,040. Expenses: Taxes $4,389, Insurance (liability only) $1,000, Utilities: $720, Management $3,000. Net income $37,740
Location
State FL
County Citrus
Area 07
Zoning C
Interior
Interior Features In-Law Floorplan
Heating Central, Electric
Cooling Central Air
Flooring Concrete, Laminate, Vinyl
Furnishings Unfurnished
Fireplace No
Exterior
Exterior Feature Lighting, Concrete Driveway
Garage Concrete, Driveway, Paved, Parking Space(s)
Fence Yard Fenced
Pool None
Waterfront No
Water Access Desc Public
Roof Type Metal
Parking Type Concrete, Driveway, Paved, Parking Space(s)
Total Parking Spaces 20
Building
Lot Description Flat, Rectangular
Story 1
Entry Level One
Foundation Block, Slab
Sewer Public Sewer
Water Public
Level or Stories One
Additional Building Other, See Remarks
Others
Tax ID 1760828
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard, Listed As-Is
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