32 UNITS IN LIVE OAK, FLORIDA 19.4% Potential Cap Rate
Bid History
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S Elliott
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$625,000
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adib
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$386,000
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FlagstaffH&I
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$385,000
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hesham123
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$383,000
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FlagstaffH&I
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$380,000
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rbrien0902
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$375,000
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marinasolo
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$350,000
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rpi4life
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$300,000
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Estimated Monthly Payment
Monthly Payment is automatically updated once any of the values are changed.
(Principal & Interest)
Address
HORIZON CIRCLE
LIVE OAK, FL 32064
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Property ID#
1103
Multi Family (5+ units)
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3656 Views
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Highest Bid:
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$625,000
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Time Left:
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Offer period has ended.
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Location
| County: | Suwannee |
| Subdivision: | HORIZON CIRCLE APARTMENTS |
| Water Front: | |
Details
| Bedrooms: | 70 | | Baths (full): | 34 | | Additional Rooms: | 4 X 1/1, 20 X 2/1, 6 X 3/1, 2 X 4/2 | | Total Square Footage: | 26511 sq ft | | Year Built: | 1973 | | Lot Size: | 5.01 - 10.00 acres | | Garage (# of cars): | | | Parking: | Street
Open
| | # of Parking Spaces: | 40 | | Total # of Units/Bays: | 32 | | Separate Electric Meters: | Yes | | Separate Water Meters: | Yes | | Zoning: | Multifamily 5+ units | | Restrictions: | NONE |
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Features
| Cooling/Heat: | Window/Wall Units
| | Fire Place: | No | | Private Pool: | | | Community Pool: | No | | Amenities: | | | Wheel Chair Accessible: | No | | Basement: | No | | Laundry: | Community
Hook-ups
| | Gated Community: | No |
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Expenses
| Property Taxes: | $10500.00 / year | | Maintenance: | $18840.00 / year | | Management: | $13188.00 / year | | Garbage/Sewer: | $2222.00 / year | | Insurance: | $4000.00 / year |
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Income
| # of units leased: | 27 |
| Current Monthly Rent: | $13000.00 / month |
| Current Gross Income: | $156000.00 / year |
| Potential Market Rent: | $15700.00 / month |
| Potential Gross Income: | $188400.00 / year |
Description
MODEL # OF UNITS POTENTIAL RENT FAIR MKT RENT
1/1 4 units $400.00/mo
2/1 20 units $475.00/mo
3/1 6 units 550.00/mo
4/2 2 units $650.00/mo
CURRENTLY 87% OCCUPIED. On-site maintenance man resides in one unit as part of compensation. All units are completely renovated, including new kitchens with granite countertops, new stainless steel appliances, some bathroom fixtures replaced, tile flooring & fresh paint. On-site management in place. There is great demand for this level rental units in Live Oak. All the work is done. Buy and earn cash flow now.
Live Oak is a city in Suwannee County, Florida. It is a growing community of some 6,850 citizens. Four large metropolitan areas are located within a short driving distance. One can enjoy our small town setting, yet participate in the events and activities of larger cities. The Spirit of the Suwannee Music Park may best embody its assets, canoeing and hiking in the wilderness.
Terms
ONLY CASH OFFERS WILL BE ACCEPTED. SOLD IN AS-IS CONDITION. DRIVE BY INSPECTIONS OR MAKE APPOINTMENT. MAKE OFFERS SUBJECT TO INTERIOR INSPECTION.
OFFER MUST BE SUBMITTED ON SELLER'S AS-IS CASH CONTRACT. PLEASE REQUEST REQUIRED CONTRACT FOR REVIEW. MUST UPLOAD PROOF OF FUNDS TO SUBMIT OFFER.