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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 S5048860
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, Laminate
Appliance Microwave, Refrigerator
Exterior
Garage 13 to 18 Spaces
Community Features Sidewalks
Utilities Available Public
Waterfront false
Roof Type Shingle
Parking Type 13 to 18 Spaces
Building
Lot Description Near Public Transit, Neighbourhood, Street Lights
Entry Level Two
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Construction Status Inspections
Others
Pets Allowed Yes
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with CHARLES RUTENBERG REALTY ORLANDO
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