Trade 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, 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. +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, 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 $99K for Both OBO Bring all Offers or Trades...!!! Owner Retiring, 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.
Please call show contact info
to set up showing! Thanks!