Cash Cow Apartments!!!
1155 Us 19 N, Perry, FL
19.73% return
LP:
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Property Description

**New Photos** 7 unit apartment complex! Great condition, clean units. Nice metal roof. No major repairs are needed. Sits on less than an acre of land, right off a main street. Insane returns on investment. Very nice community. Grab this one quickly! 19%+ return on investment after all expenses including management. Local property management in place! Long term renters!

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units7
  • Total bedrooms5
  • Total bathrooms7
  • Building size(unknown)
  • Lot size0.7 acres
  • Year built1945 - 1952
  • CountyTaylor County
  • Subdivision
  • ConstructionCBS, Frame
  • RoofMETAL
  • Water sourceWell
  • Water disposalSeptic
  • HeatingELECTRIC, Wall unit
  • CoolingWall A/C Units

Property Financial Summary

  • Asking price $220,000
  • Estimated rehab 1 $0
  • Total investment $220,000
  • Type Actual
  • Gross income (annually) $66,240
  • Operating expenses (annually) $22,827
  • Net income (annually) $43,413
  • Gross return 30.11%
  • Gross income (monthly) $5,520
  • Operating expenses (monthly) $1,902
  • Net income (monthly) $3,618
  • Net return 19.73%

Property Income & Expenses

  • Income
  • Multifamily 6 units
  • Unit 1: 1 bed / 1 bath $800/month $9,600/year
  • Unit 2: 2 bed / 1 bath $1,000/month $12,000/year
  • Unit 3: studio / 1 bath $680/month $8,160/year
  • Unit 4: studio / 1 bath $680/month $8,160/year
  • Unit 5: studio / 1 bath $680/month $8,160/year
  • Unit 6: studio / 1 bath $680/month $8,160/year
  • Single Family
  • Unit SFR: 2 bed / 1 bath $1,000/month $12,000/year
  • Total $5,520/month $66,240/year
  • Expenses
  • Property Taxes $111/month $1,327/year
  • Electric bill $745/month $8,940/year
  • Gas Utility Bill $30/month $360/year
  • Insurance $167/month $2,000/year
  • Property Management $600/month $7,200/year
  • Maintenance reserve $250/month $3,000/year
  • Total $1,902/month $22,827/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Property Flyer

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