$335,000
$374,900
10.6%For more information regarding the value of a property, please contact us for a free consultation.
3,418 SqFt
SOLD DATE : 07/18/2019
Key Details
Sold Price $335,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,418 sqft
Price per Sqft $98
Subdivision East College Add
MLS Listing ID O5792141
Sold Date 07/18/19
Construction Status No Contingency
HOA Y/N No
Year Built 1923
Annual Tax Amount $2,530
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 128x50
Property Description
Amazing location! Located in the medical district, walking distance to the thriving downtown area, short drive to LEGO Land, schools, polk county community college, hospitals, and much more. Four spacious 2/1 units with laundry, two units have an extra 1/2 bath, office/dining bonus room. Each unit is metered separately for electric and water paid by tenants. Most units (3/4) have been upgraded with fresh paint, modern luxury vinyl plank flooring,new baseboards, fixtures, toilets, and some appliances. Other upgrades include new AC system in unit 1, duct work replacement in unit 1 & 3, and new shower remodel in unit 4. The exterior boast fresh paint, new wood decks all units, rebuilt and stained stairs case, new xeroscape landscaping for low maintenance. List price reflects an 8.6% cap-rate performa with property management built in already with room to grow. Several value add opportunities for new owner include generating income from building common area, convert residential to commercial use of property(check with city). Please do not disturb tenants. Appointment only.
Location
State FL
County Polk
Community East College Add
Zoning BR
Direction SE
Rooms
Other Rooms Formal Dining Room Separate, Great Room, Inside Utility
Interior
Interior Features Ceiling Fans(s), High Ceilings
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Vinyl
Fireplace false
Appliance Range, Refrigerator
Laundry Inside
Exterior
Exterior Feature Sidewalk
Parking Features None
Community Features Sidewalks
Utilities Available BB/HS Internet Available, Electricity Available, Public, Street Lights, Water Available
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description City Limits, Oversized Lot
Foundation Crawlspace
Lot Size Range Up to 10,889 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Stucco,Wood Frame
New Construction false
Construction Status No Contingency
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA
Membership Fee Required None
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
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