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Key Details
Sold Price $110,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,695 sqft
Price per Sqft $64
Subdivision Edgewood
MLS Listing ID A4447323
Sold Date 11/06/19
Construction Status Inspections
HOA Y/N No
Year Built 1925
Annual Tax Amount $1,309
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 60x120
Property Description
INVESTOR RELOCATION means you can CASH IN! Long time tenants in place for INSTANT INCOME and the property is located in the OPPORTUNITY ZONE so investors may be able to access capital gains TAX INCENTIVES both immediately and over the long term. Property is functioning as a legal multifamily dwelling but the T4-R (General Urban Restricted) zoning will allow for mixed use such as medical clinic, vet office, bed & breakfast as well as other possible special uses. Property is situated steps away from a laundromat, grocery store, restaurants, bus lines, and other new construction. Property was re-roofed less than 2 years ago, freshly painted outside last year, 2018 taxes were only $1309, and tenants pay their own utilities with separate water & electric meters for each unit so expenses are minimal. Tenants are paying $580 for the 2/1 and $760 for the 4/1 but are MONTH TO MONTH so a rent increase is possible and both are current and would like to stay. At this price this one is a no brainer, don’t get left behind. MOTIVATED SELLER is READY to close.
Location
State FL
County Manatee
Community Edgewood
Zoning R3A
Direction W
Interior
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Tile
Furnishings Unfurnished
Fireplace false
Appliance Range, Refrigerator
Laundry None
Exterior
Exterior Feature Other
Community Features None
Utilities Available Electricity Connected, Sewer Connected, Water - Multiple Meters
Roof Type Other,Shingle
Attached Garage false
Garage false
Private Pool No
Building
Lot Description City Limits, Paved
Entry Level One
Lot Size Range Up to 10,889 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Cement Siding,Stucco,Wood Frame
New Construction false
Construction Status Inspections
Schools
Elementary Schools Ballard Elementary
Middle Schools Martha B. King Middle
High Schools Southeast High
Others
Pets Allowed Yes
Senior Community No
Pet Size Extra Large (101+ Lbs.)
Ownership Fee Simple
Acceptable Financing Cash
Membership Fee Required None
Listing Terms Cash
Num of Pet 10+
Special Listing Condition None
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Bought with INVESTUS REALTY LLC
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