Sunny North East Florida, 12 Miles / 20 Minutes from the Beach, 2 Separate properties, less than 3 miles from each other, 1st a 60' x 660' .91 Acres lot, 2nd a 3 Big Bedrooms, 1 Bath, Corner lot, 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, Vacant ready to Move in, can be Rented for $800 month, $9,600 Yr. $96,000 Rent Income after 10 Years. +10% Annual Return, Management Available, Rent It or Move In, Owner Retiring, Quiet Neighborhood, Better Than New...!!! Extra Clean, Low maintenance Brick, Wood Floors, Super Low Total Property Taxes of $550 per Year, Low 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, can park RV's, Boats, Big Trucks, All your Toys, Management Available, Asking $35K for the .91 Acres Lot, $85K for the 3/1 All Brick House or $99K for BOTH or Bring all Offers or Trades...!!! 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.
Call show contact info
to set up showing! Thanks!