Bought with Security Real Estate Services
$950,000
$1,250,000
24.0%For more information regarding the value of a property, please contact us for a free consultation.
11 Baths
1.82 Acres Lot
SOLD DATE : 07/28/2022
Key Details
Sold Price $950,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
MLS Listing ID RX-10774117
Sold Date 07/28/22
Year Built 1955
Annual Tax Amount $7,234
Tax Year 2021
Lot Size 1.820 Acres
Property Sub-Type MultiFamily (5+ Units)
Property Description
Cash Cow on US #1!15 Sources of Income.9 Studio Apartments, 2/1 Apt, 3/1 home, workshop + storage yard, 2 more storage yards, and billboard.Workshop is approximately 1,200 square feet.1.82 acres with approximately 220 feet on US Highway 1 and frontage on Anthony St.Currently maintains a hotel/motel license.Currently grossing $138,000 with Net of $108,000. (8.6% cap rate)(See Current Income and Expense summary under documents tab)Upside potential to get Net Income up to $131,000 for a 10.5% Cap Rate.Appointment Only. Do Not Disturb Tenants.
Location
State FL
County St. Lucie
Area 7030
Zoning CG
Interior
Heating Other
Cooling Other
Flooring Tile
Fireplaces Type None
Exterior
Utilities Available Cable, Electric, Septic, Well Water
Roof Type Built-Up
Building
Story 100.00
Foundation CBS, Metal
Others
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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