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Gelfand Realty Miami Properties - Multi Family

401 DOMARIS, LAKE WALES, FL 33853

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Multi Family -

401 DOMARIS, LAKE WALES, FL 33853

Sold Price$810,000 Asking Price$900,000

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  • Days on market:

    329 day(s)
  • Original Price:

    $900,000
  • Price per sqft:

    $53.72
  • Tax Legal Description:

    RESUB OF PART OF COLONIAL HTS PB 30 PG 3 LOT A BEG SW COR RUN N 252.5 FT N 67 DEG 59 MIN 49 SEC E 21.84 FT S 84 DEG 48 MIN 37 SEC E 100.5 FT N 89 DEG 28 MIN 45 SEC E 160 FT S 11 DEG 53 MIN 15 SEC W 38 FT S 59 DEG 28 MIN 45 SEC W 30 FT S 179 FT S 12 D EG 03 MIN 28 SEC E 20 FT S 89 DEG 28 MIN 45 SEC W 250 FT TO POB
  • Tax Year:

    2015
  • Property Type:

    Multi Family
  • Construction Type:

    StuccoBlock
  • Roof:

    Other
  • Cooling Description:

    Central Air
  • Heating Description:

    Electric
  • Floor Description:

    Tile
  • Special Listing Conditions:

    None
  • Lot Features:

    City Lot Near Public Transit

Description

$900,000 • living size area 16754 sqft

Great opportunity to own a turnkey twenty two (22) unit apartment complex. the asset consists of four (4) income producing properties that collectively consists of ten (10) two bedroom, one bath units and twelve (12) one bedroom, one bath units. the property was built in 1970 and the units were remodeled in 2013. net income can be significantly increased by selectively investing in capital improvements, reducing operating costs, managing the property and increasing rents. there are twenty six (26) parking spaces. utilities are separately metered and tenants pay their own utilities. close to s.r. 60, walmart, publix, public transportation, restaurants, schools and houses of worship.

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