Saint Cloud, FL 34769,420 & 422 ALABAMA AVE
Saint Cloud, FL 34769,420 & 422 ALABAMA AVE
Saint Cloud, FL 34769,420 & 422 ALABAMA AVE
Saint Cloud, FL 34769,420 & 422 ALABAMA AVE
Saint Cloud, FL 34769,420 & 422 ALABAMA AVE
Saint Cloud, FL 34769,420 & 422 ALABAMA AVE
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$318,000

$349,900

9.1%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

1,788 SqFt


SOLD DATE : 09/20/2021

Key Details

Sold Price $318,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,788 sqft

Price per Sqft $177

Subdivision Lake Front Add

MLS Listing ID S5055370

Sold Date 09/20/21

Construction Status Inspections

HOA Y/N No

Year Built 1972

Annual Tax Amount $2,393

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 100x150

Property Description

Excellent Investment Opportunity with excellent Long Term tenants ideally located within a few steps of the popular Multi-Million Dollar St Cloud Lakefront Recreational Park. This well maintained duplex of 2- 2 bed/ 1 bath units boasts one tenant who has been there since 2017 that pays a month ahead an under market rent of $1050 . Current lease expires in April 2022. Possible opportunity to increase current discounted rent at that time. Other tenant since Sept 2020 and lease expires September 2022 at $1250 a month. Property features oversized 150 ft treed lot with vehicular access lane in the rear ,appliances including one washer & both dryers ,12 yr old roof, a 6yr old A/C , 5 & 8 yr old water heaters and exterior storage closets. Owner's Storage Shed in back yard. Pictures of vacant unit is Unit#422 that were taken when it was remodeled and updated in Sept 2020 prior to the current tenant taking occupany. Other pictures are of unit# 420 remodeled a few years before. Purchase and enjoy an excellent and immediate income at a Cap Rate very close to 7%. Call Today!

Location

State FL

County Osceola

Community Lake Front Add

Zoning SR2

Interior

Interior Features Master Bedroom Main Floor

Heating Central, Electric

Cooling Central Air

Flooring Carpet, Ceramic Tile, Laminate

Furnishings Unfurnished

Fireplace false

Appliance Dryer, Range, Range Hood, Refrigerator, Washer

Laundry Laundry Closet

Exterior

Exterior Feature Sliding Doors

Parking Features Driveway

Community Features Boat Ramp, Fishing, Park, Playground, Boat Ramp, Sidewalks, Water Access, Waterfront

Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Fire Hydrant, Public, Sewer Connected, Street Lights, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status Inspections

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by LIBBY REALTY, INC.
Bought with ROBERT SLACK LLC
agent-avatar

"My job is to find and attract mastery-based advisors to the shop, protect the culture, and make sure everyone is happy! "

+1(321) 806-9552

barbara.gouldbourn@engelvoelkers.com

101 Canal St, New Smyrna Beach, FL, 32168

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