$1,295,000 for Sale

ne place , lake city, FL 32055

Beds 162 Baths 81 6,922 Sqft 0.72 Acres 1 of 1
Property Description
Charming Development with 10 buildings and 10 tenants in place in this stable asset. With large upswing there is additional building that is waiting to be renovated the current owner has already gutted so it is easy redo. That unit will bring in approx. additional $1725 per month. The current owner has gone though 8 of the units and renovated the other two units the tenants have been there for years they are paying current rates they seem to love their homes they way they are. Also there is a existing pad with electric and plumbing just waiting for additional unit to be put in place for even more Cash Flow. The property has complete camera system so ownership may always be able to check their investment for their anytime anyplace. The current long term owner has made sure this investment will have no deferred maintenance. This amazing Cash Cow is located right off Historic Downtown Lake City, walking distance to the VA Hospital, and the Lake Soto Park. Lake City is experiencing growth like the rest of the State and limited housing. Please do not enter property without Appointment this is a Quite Sale.
General Information
Sale Price: $1,295,000
Price/SqFt: $187
Status: Active
MLS#: O6175520
City: lake city
Post Office: lake city
County: Columbia
Subdivision: lake city
Acres: 0.72
Bedrooms:162
Bathrooms:81
House Size: 6,922 sq.ft.
Acreage: 0.72 est.
Year Built: 1945
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road:  Dirt, Paved
Garage:  No
Construction:  Block, Wood Frame
Exterior Misc:  Outbuilding, Lighting, Other
Basement:  No
Foundation :  Crawlspace, Slab
Appliances:  Range, Refrigerator
Cooling:  Wall/Window Unit(s)
Heating:  Wall Units / Window Unit
Waste:  Public Sewer
Watersource:  Public
Tax, Fees & Legal
Est. Summer Taxes:  $0
Est. Winter Taxes:  $4,195
Legal Description:  NE DIV: COMM AT SW COR OF BLK 17, RUN N 50.02 FT FOR POB, CONT N 159.32 FT TO S R/W OF TRINITY PL, E ALONG S R/W 204.21 FT, SE 9.38 FT TO W R/W OF NE DAVIS AVE, S ALONG W R/W 153.96 FT, W 205.60 FT TO POB. BLOCK 17 ORB 1083-784 & 1160-2766 & QCD 1205-2009


Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Edward Johnston of COLDWELL BANKER REALTY, Phone: 407-647-1211
(941) 875-4503 Call Scott Standriff for more information about this property.

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This Home located at
ne place, lake city FL 32055
is currently for sale priced at $1,295,000 and was listed on February, 01, 2024 and has been on the market for 232 days and was last updated on June, 28, 2024.

ne place has 162 bedrooms, 81 bathrooms, and approximately 6,922 square feet. with 0.72 acres and was built in 1945. ne place is in the 32055 ZIP Code area of lake city.

If you have any question about this property or any others, please don't hesitate to contact me.