1155 Us 19 N, Perry, FL
15.50% return
SP:
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Property Description

Great Investment Opportunity! 7 unit apartment complex, previously a motel . Decent condition, clean furnished units. Nice metal roof. Nothing major is 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! 15%+ return on investment is possible after all expenses including management.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units7
  • Total bedrooms5
  • Total bathrooms7
  • Building size4459 sq. ft.
  • Lot size0.7 acres
  • Year built1945 - 1952
  • CountyTaylor County
  • Subdivision
  • ConstructionCBS, Frame
  • RoofMetal
  • Water sourceWell
  • Water disposalSeptic
  • HeatingELECTRIC, Wall unit
  • CoolingWall A/C

Property Financial Summary

  • Sale price $280,000
  • Estimated rehab 1 $0
  • Total investment $280,000
  • Type Proforma
  • Gross income (annually) $66,240
  • Operating expenses (annually) $22,827
  • Net income (annually) $43,413
  • Gross return 23.66%
  • Gross income (monthly) $5,520
  • Operating expenses (monthly) $1,902
  • Net income (monthly) $3,618
  • Net return 15.50%

Property Income & Expenses

  • Income
  • Apartments
  • 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.

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