favorite
favorite
hide
unhide
flag

Posted

print

3br - 1240ft2 - Swap Florida .91 Acres +3/1 Brick+Garage 12 Miles 2d Beach 10% Return

1234567891011
Springfield Ct N near Main St

(google map)

3BR / 1Ba 1240ft2 available sep 30

house
w/d hookups
detached garage

Sunny North Florida, Owner Retiring, 20 Minutes / 12 Miles from the Beach, 2 Separate properties less than 3 miles from each other, 1st a 60' x 660' .91 acres Wooded lot, 2nd a 3 Big Bedrooms, 1 Bath, 3/1 All Brick House, Zoned Commercial / Residential, Live Here or Work Here, One Car Detached Garage + Work Shop + Double Carport, Corner lot, Central Heath & A/C, Rents for $800 Month, $9,600 per Year, $96,000 Rent Income After 10 Years. +10% Annual Return, Vacant, Rent it or Move In, Quiet Neighborhood, Better Than New...!!! Extra Clean, Low maintenance Brick, Wood Floors, Low Property Taxes $550 per year, Insurance $400 Year, Central Area, Close to Everywhere, I-10, I-95, I -295, US1, 20 Minutes from Naval Bases, Downtown, Shopping, The Beaches, Boat Ramps, Universities, Airport, laundry Room with Washer and Drier connections, Corner Lot, can park RV, Boats, Big Trucks, All your Toys, Will Co-Op, Bring all Offers...!!! Asking $35K for the .91 Acres, $85,000 for the 3/1 All Brick House, or $99K OBO for BOTH, NO RTO, NO Owner Finance, Motivated Owner, Management Available, NO RTO, NO Owner Finance, call show contact info

Total Income= 800 *12 = $9,600 Yr.
Property Taxes = $550 Yr.
Insurance = $400Yr.
Net income = $9,600 - 950 = $8,650 Yr.
Net Cap rate = $9,600/99,000 = 10 % Annual Return
$96,000 Rent Income After 10 Years.
Call show contact info to set up showing! Thanks!
  • do NOT contact me with unsolicited services or offers

post id: 6970303194

posted:

best of [?]