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Key Details
Sold Price $922,500
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,072 sqft
Price per Sqft $300
Subdivision Biltmore Beach 1St Add
MLS Listing ID 721364
Sold Date 04/08/22
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1980
Annual Tax Amount $1,451
Tax Year 2021
Lot Size 0.280 Acres
Acres 0.28
Property Description
Fantastic opportunity for a multifamily investment. 2 buildings with 2 parcel IDs, 2 units in each building. Each unit (total of 4) is a 2BD/1BA. At only 3 blocks from the beach, this is an investors' dream and would make adorable vacation rentals. With some TLC and some perks like a golf cart, each unit is projected to generate $25-35K gross annually. Currently occupied with long term tenants, with a 30 day clause to move out after successful closing. Monthly gross rent income for the 4 units long-term is currently $4525. Add a swimming pool in the back for an unforgettable retreat. All unit metered for separate cable tv, water, electric and security lighting. Each unit has private storage/laundry area. All unit have new appliances.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Cooling Central Air, Heat Pump
Furnishings Unfurnished
Fireplace No
Appliance Dishwasher, Electric Range, Microwave, Refrigerator
Exterior
Community Features Short Term Rental Allowed
Utilities Available Septic Available, Water Connected
Waterfront No
Building
Sewer Septic Tank
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 31987-000-000&31986-000-000
Financing Conventional
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Bought with EXP Realty LLC
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