Sunny Florida, 12 Miles from the Beach, 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, A/C, Rents for $800 Month $9,600 Yr. $96,000 Rent Income After 10 Years. 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 the Beach, Boat Ramps, St. Johns River, Downtown, Shopping, Universities, laundry Room with Washer and Drier connections, Corner Lot, Will Co-Op, Bring all Offers or Trades...!!! Asking $99,000 OBO or Trades, Motivated Owner Retiring, Other Properties + Management Available, Call show contact info
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Total Income= 800 *12 = $9,600 Yr.
Property Taxes = $550 Yr.
Insurance = $400 Yr.
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.
Ready to Move In, Please call show contact info
to set up showing! Thanks!