Address
Not Disclosed, LAKE CITY, FL
Price
$ 1,349,000
Property Attributes
- MLS#O6175520
- TypeIncome
- CountyCOLUMBIA
- CityLAKE CITY
- AreaLake City
- NeighborhoodLake City
- Zip32055
- StyleMulti Family
- Year Built1945
- Taxes$ 4195
- Price$ 1,349,000
- Bedrooms162
- Full Bathrooms81
- Half Bathrooms0
- Sqr Footage6922
- Lot Size0.72 Acres
Data Source:
Stellar MLS
Property Description
Charming Development with 10 buildings and 10 tenants in place in this stable asset. With large upswing there is additional building that is waiting to be renovated the current owner has already gutted so it is easy redo. That unit will bring in approx. additional $1725 per month. The current owner has gone though 8 of the units and renovated the other two units the tenants have been there for years they are paying current rates they seem to love their homes they way they are. Also there is a existing pad with electric and plumbing just waiting for additional unit to be put in place for even more Cash Flow. The property has complete camera system so ownership may always be able to check their investment for their anytime anyplace. The current long term owner has made sure this investment will have no deferred maintenance. This amazing Cash Cow is located right off Historic Downtown Lake City, walking distance to the VA Hospital, and the Lake Soto Park. Lake City is experiencing growth like the rest of the State and limited housing. Please do not enter property without Appointment this is a Quite Sale.
| Price History | |
|---|---|
| 2/2/2024 | Listed $1,349,000 |
General Features
| Interior Features | Living Room/Dining Room Combo |
|---|---|
| Sewer | Public Sewer |
| Heating | Wall Units / Window Unit |
| Cooling | Wall/Window Unit(s) |
| Utilities | Cable Connected,Electricity Connected,Fire Hydrant,Sewer Connected,Street Lights,Water Connected |
| Roof | Metal |
| Appliances | Range,Refrigerator |
| Exterior Features | Outbuilding,Lighting,Other |
| Zoning | MULTI-FAMI |
| Security Features | Closed Circuit Camera(s),Security System Owned,Smoke Detector(s) |
| Construction Materials | Block,Wood Frame |
| Year Built | 1945 |
| Levels | One |
| Property SubType | Multi Family |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| County | Columbia |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | LAKE CITY |
| Garage Y/N | No |
| Status | Active |
| Directions | 441 North from town 5 Blocks to right on NE Franklin St and Left on the 3rd Block NE Davis Ave Ave property will be up 4 Block on your left. |
| City | LAKE CITY |
| Buyer Agent Compensation | 2.5% |
| Senior Community Y/N | No |
| Total Units | 12 |
| MLS Area | 32055 - Lake City |
| Lot Size Square Feet | 31494 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 4195 |
| Public Remarks | Charming Development with 10 buildings and 10 tenants in place in this stable asset. With large upswing there is additional building that is waiting to be renovated the current owner has already gutt |
| Ok to Lease | 12 Months |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/O6175520 |
| Days on Market | 2 |
| Standard Status | Active |
| Legal Description | NE DIV: COMM AT SW COR OF BLK 17,RUN N 50.02 FT FOR POB,CONT N 159.32 FT TO S R/W OF TRINITY PL,E ALONG S R/W 204.21 FT,SE 9.38 FT TO W R/W OF NE DAVIS AVE,S ALONG W R/W 153.96 FT,W 205.60 FT TO POB. |
| Water Access Y/N | No |
| Water View Y/N | No |
Interior Features
| Flooring | Ceramic Tile,Engineered Hardwood |
|---|---|
| Furnished Y/N | Unfurnished |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Aluminum Frames |
| Fireplace Y/N | No |
| Street Suffix | PLACE |
| Laundry Features | Common Area |
| Total Bedrooms | 162 |
| LivingAreaSource | Public Records |
| Total Baths | 81 |
| Living Area Units | Square Feet |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 31494 |
| Foundation Details | Crawlspace,Slab |
| Number of Buildings | 10 |
| Building Area Total | 6922 |
| Lot Size Acres | 0.72 |
| Road Surface Type | Dirt,Paved |
| Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 32055
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 12, 2024 11:11 AM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
