2 Building MultiFamily 10.6CAP

Multi-Family for Sale
Catylist Listing ID: 30852735
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 2,616 SF
Gross Building Area: See Agent
Gross Land Area: 14,248 SF
Sale Price: $550,000
Unit Price: $275,000 Per Unit
Property Use Type: Investment
Usable Size (USF): 2,616 SF
Sale Terms: Cash to Seller
Cap Rate: 10.6%
Average Occupancy Rate: 100
Last Updated: 9/26/2023

Overview / Comments

Both buildings receiving $2,700 each. Total Gross income $64,800. Net Income Appx $58,231. Driveway to rear building. Both Tenants requesting to stay
Austin Panuto Co-Listing 941-257-9444

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Taxing Authority: Manatee County
Tax ID/APN: 5331900000
Zoning: RSF 4.5
Percent Occupied: 100%
Airports: Sarasota-Bradenton Intl.
Site Description: 2 SFR's on parcel with Driveway to rear building off of 52nd
Area Description: Close to SCF
Total Number of Buildings: 2
Property Condition: Average
Number of Stories: 1
Year Built: 1957
Construction/Siding: Block
Parking Type: Surface
Total Parking Spaces: 4
Zoning Description: RSF4.5
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Lot 16 Garret SUB PID# 5331900000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,833 114,702 180,060
Median Age: 43.28 43.33 44.55
Households: 10,791 49,436 77,216
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