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Key Details
Sold Price $355,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,589 sqft
Price per Sqft $98
Subdivision Ocoee Town
MLS Listing ID O5799616
Sold Date 09/11/19
Construction Status Inspections
HOA Y/N No
Year Built 1910
Annual Tax Amount $5,473
Lot Size 0.780 Acres
Acres 0.78
Lot Dimensions 181x187
Property Description
INVESTMENT ALERT!! Don't miss this amazing opportunity to own this 6 unit, TURNKEY, FULLY OCCUPIED with long term tenants, income producing property! Located in the historic district of Ocoee, this property features three 1 bedroom, 1 bathroom units, two 2 bedroom, 1 bathroom units, and an efficiency, producing a total of $55,500** in gross income with a CAP RATE JUST UNDER 10%! (9.8%)**The City of Ocoee has set aside several million dollars to redevelop the downtown, increasing future property values. With a newer roof, newer siding, AND AN ADDITIONAL ADJACENT LOT you can build an additional residence on, this property is a steal and wont last long!
Location
State FL
County Orange
Community Ocoee Town
Zoning R-1AA
Rooms
Other Rooms Attic
Interior
Interior Features Ceiling Fans(s), Solid Wood Cabinets
Heating Central, Electric
Cooling Central Air, Wall/Window Unit(s)
Flooring Tile, Wood
Fireplace false
Appliance Cooktop, Electric Water Heater, Range, Refrigerator
Exterior
Exterior Feature Fence, Storage
Parking Features Common, Covered, Driveway, Guest, Off Street, Oversized
Utilities Available BB/HS Internet Available, Cable Available, Electricity Available, Water Available
View City
Roof Type Metal
Porch Front Porch, Patio
Garage false
Private Pool No
Building
Lot Description Historic District, Oversized Lot
Entry Level Two
Foundation Slab
Lot Size Range 1/2 Acre to 1 Acre
Sewer Septic Tank
Water Public
Structure Type Siding
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
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 CENTURY 21 STONEBRIDGE REAL ESTATE GROUP
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