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 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, 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 All Brick House or $99,000 for BOTH OBO or Trades, NO RTO, NO Owner Finance, Motivated Owner Retiring, Management Available, Call show contact info
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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!