$615,000
$619,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
8 Baths
3,712 SqFt
SOLD DATE : 12/20/2024
Key Details
Sold Price $615,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,712 sqft
Price per Sqft $165
Subdivision Par 4 Condominiums
MLS Listing ID 370901
Sold Date 12/20/24
Bedrooms 8
Full Baths 8
Construction Status Brick 4 Sides,Other
Year Built 1979
Lot Dimensions 158x205x152x175
Property Description
Great Investment Opportunity! Well maintained Quadraplex on golf course in high demand area with additional land for building more units! Fully rented and currently bringing in $54,480 annual rental income. Current rents range from $1050 to $1220, but market rents are between $1200 to $1300 a month, so there is room to raise rents. Seller possibly willing to sell the quadraplex without the additional land for $579,000. Stunning views of the water on Hilaman Golf Course and a central location close to downtown, shopping state offices, parks, and more make this property easy to rent for top dollar! Each unit has 2bedrooms and 2 full baths. Units are in good shape. Various updates including all solid surface flooring, have been made over the years. Property is zoned MR-1 allowing up to 20 units per acre. Lot size of property is 0.65 acres so there is potential to build another 4 to 8 units. Seller has feasibility study and scope of work for building additional units which can be provided upon request. Quadraplex is technically 4 individually parceled condos that are being sold together. Each unit and additional land has it's own parcel I.D.
Location
State FL
County Leon
Area Se-03
Rooms
Other Rooms Pantry, Screened Porch, Units Vary
Interior
Heating Central, Electric
Cooling Central, Electric, Fans - Ceiling
Flooring Ceramic/Clay, Laminate, Vinyl, Units Vary
Equipment Dishwasher, Range, Refrigerator
Exterior
Parking Features Area - Unassigned
Private Pool No
Building
Lot Description Living Room/Dining Room
Story Story - Two plus, Unit - Ground Floor, Unit - Upstairs
Level or Stories Story - Two plus, Unit - Ground Floor, Unit - Upstairs
Construction Status Brick 4 Sides,Other
Schools
Elementary Schools Conley Elementary
Middle Schools Fairview
High Schools Rickards
Others
Ownership North Florida Home Rental
SqFt Source Tax
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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