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Key Details
Sold Price $150,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 930 sqft
Price per Sqft $161
Subdivision Osceola Forest
MLS Listing ID 2019451
Sold Date 05/10/24
Style Ranch
Bedrooms 3
Full Baths 3
Half Baths 1
HOA Y/N No
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 1955
Annual Tax Amount $2,069
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Investment Opportunity:
Well-maintained property, generating consistent rental income of $1450/month. Current Cap Rate at 7.89%, offering a strong return. 10-year levered IRR stands at 14.03%, Forecasting potential for long-term growth. Equity multiple of 2.77 highlights solid investment value. With an average levered cash-on-cash return of over10.00%, Unlevered cash on cash is 9.04% this property presents a lucrative opportunity for savvy investors. see proforma in documents Currently professionally Managed Property just appraised for $164,000.00 see documents
Location
State FL
County Duval
Community Osceola Forest
Area 075-Trout River/College Park/Ribault Manor
Direction 295 to New Kings Rd. Left on Soutel Dr., left on Sibbald Rd., and right on Portsmouth Ave.
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Laminate
Laundry Electric Dryer Hookup, In Unit
Exterior
Parking Features Off Street
Fence Back Yard
Pool None
Utilities Available Cable Available, Electricity Connected, Sewer Connected
Garage No
Private Pool No
Building
Sewer Public Sewer
Water Public
Architectural Style Ranch
New Construction No
Others
Senior Community No
Tax ID 0378340000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Bought with REALTY ONE GROUP ELEVATE
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