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favorite this post 3br - 1240ft2 - .91 Acres +3/1 Brick +Garage Florida 12 Miles fromthe Beach 10% Return hide this posting unhide

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Springfield Ct N at Main St

(google map)

3BR / 1Ba 1240ft2 available sep 30

house
laundry in bldg
detached garage

20 Minutes / 12 Miles from the Beach, Sunny North Florida, 2 Separate properties, less than 3 miles from each other, 1st a 60' x 660' .91 Acres lot, 2nd a Remodeled, 3 Big Bedrooms, 1 Bath, 3/1 Brick Zoned Commercial / Residential, Live Here 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, Owner Retiring, 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, 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 Lot, $85K for the 3/1 Brick or $99,000 OBO or Trades, NO RTO, NO Owner Finance, Motivated Owner Retiring, Management Available, 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.
Please call show contact info to set up showing! Thanks!
  • do NOT contact me with unsolicited services or offers

post id: 6693842904

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