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Gelfand Realty Miami Properties - Multi Family

34 NW 21ST #1-4, OCALA, FL 34475

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Multi Family - NORTH ROADS PARK

34 NW 21ST #1-4, OCALA, FL 34475

Sold Price$285,000 Asking Price$290,000

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  • Days on market:

    24 day(s)
  • Original Price:

    $345,000
  • Price per sqft:

    $107.61
  • Tax Legal Description:

    SEC 05 TWP 15 RGE 22 PLAT BOOK T PAGE 070 NORTH ROADS PARK LOT 12
  • Tax Year:

    2020
  • Property Type:

    Multi Family
  • Furnished Info:

    Unfurnished
  • Lease Term Remaining:

    12 Months
  • Construction Type:

    Block
  • Roof:

    Shingle
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Interior Features:

    Ceiling Fan(s) Living Room/Dining Room Combo Thermostat
  • Exterior Features:

    Lighting
  • Special Listing Conditions:

    None
  • Lot Features:

    Cul-De-Sac Drainage CanalCity Lot

Description

$290,000 • living size area 2695 sqft

Quadraplex 100% leased, two- two bedroom-one bath units and two- one bedroom-one bath units. tenants pay for water and electricity. owner pays for trash at $56.00 per month. income and expenses are as follows: income is $2,450 per month or $31,850 per year. expenses are tax $1,528 plus insurance at $1721 plus $696 for garbage for a total of $3,945 per year or $328.75 per month. income minus expenses equals $27,905. the property is very consistent with long term tenants. lease beginning and end dates are as follows: unit 34 08/01/21-07/31/22. unit 36 - 03/01/21-02/28/22. unit 38 -12/01/20-11/30/21. unit 40-10/16/20-10/31/21. this was of july 2021, some may have re-signed already. showing with approved contract and proof of funds or pre-approval. this property is managed by a professional management company that may be retained if needed. this property has a cap rate of 8%.

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