Multi-Family: MLS #O6175520 Lake City, FL $ 1,349,000
Multi-Family: MLS #O6175520
$ 1,349,000
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Multi-Family: MLS #O6175520

Lake City, FL, 32055
$ 1,349,000
Bedrooms162 Baths81.0 Sq 6,922

Monthly Estimate*

$ 8,966

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Multi-Family Home for sale in Lake City, FL

for $1,349,000 with 162 bedrooms and 81 full baths. This 6,922 square foot home was built in 1945 on a lot size of 0.72.

Charming Development with 10 buildings and 10 tenants in place in this stable asset. With large upswing there is additional building that is waiting to be renovated the current owner has already gutted so it is easy redo. That unit will bring in approx. additional $1725 per month. The current owner has gone though 8 of the units and renovated the other two units the tenants have been there for years they are paying current rates they seem to love their homes they way they are. Also there is a existing pad with electric and plumbing just waiting for additional unit to be put in place for even more Cash Flow. The property has complete camera system so ownership may always be able to check their investment for their anytime anyplace. The current long term owner has made sure this investment will have no deferred maintenance. This amazing Cash Cow is located right off Historic Downtown Lake City, walking distance to the VA Hospital, and the Lake Soto Park. Lake City is experiencing growth like the rest of the State and limited housing. Please do not enter property without Appointment this is a Quite Sale.

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Multi-Family Active

Price

$ 1,349,000

Bedrooms

162

Full Bath

81

Property Type

Multi-Family

Taxes

$ 4,195

Style

Multi Family

Lot Size

0.72

Year Built

1945

Town/City

Lake City

County/Region

Columbia

MLS | Web ID

O6175520

Features
General
Interior Features Living Room/Dining Room Combo
Sewer Public Sewer
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Utilities Cable Connected Electricity Connected Fire Hydrant Sewer Connected Street Lights Water Connected
Roof Metal
Appliances Range Refrigerator
Exterior Features Outbuilding Lighting Other
Zoning MULTI-FAMI
Security Features Closed Circuit Camera(s) Security System Owned Smoke Detector(s)
Construction Materials Block Wood Frame
Year Built 1945
Levels One
Property SubType Multi Family
Tax Year 2022
Percent Ownership Fee Simple
County Columbia
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name LAKE CITY
Garage Y/N No
Status Active
Directions 441 North from town 5 Blocks to right on NE Franklin St and Left on the 3rd Block NE Davis Ave Ave property will be up 4 Block on your left.
City LAKE CITY
Buyer Agent Compensation 2.5%
Senior Community Y/N No
Total Units 12
MLS Area 32055 - Lake City
Lot Size Square Feet 31494
Private Pool No
Waterfront Y/N No
Carport Y/N No
Listing Terms Cash Conventional
Tax Annual Amount 4195
Public Remarks Charming Development with 10 buildings and 10 tenants in place in this stable asset. With large upswing there is additional building that is waiting to be renovated the current owner has already gutt
Ok to Lease 12 Months
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6175520
Days on Market 2
Standard Status Active
TaxOtherAnnualAssessmentAmount 0
Tax Lot 0
Legal Description NE DIV: COMM AT SW COR OF BLK 17 RUN N 50.02 FT FOR POB CONT N 159.32 FT TO S R/W OF TRINITY PL E ALONG S R/W 204.21 FT SE 9.38 FT TO W R/W OF NE DAVIS AVE S ALONG W R/W 153.96 FT W 205.60 FT TO POB.
Water Access Y/N No
Water View Y/N No
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Interior
Flooring Ceramic Tile Engineered Hardwood
Furnished Y/N Unfurnished
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Aluminum Frames
Fireplace Y/N No
Street Suffix PLACE
Laundry Features Common Area
Total Bedrooms 162
Total Baths 81
Living Area Units Square Feet
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Exterior
Water Source Public
Lot Size Area 31494
Foundation Details Crawlspace Slab
Number of Buildings 10
Building Area Total 6922
Lot Size Acres 0.72
Road Surface Type Dirt Paved
Lot Size Units Square Feet
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* Excluded Features
List By
Coldwell Banker Realty

Broker

edward@ejgroup.net

Email

Affordability Calculator

$9,315
Per Month
96%
4%
0%
Monthly Principal & Interest
$8,966
Monthly Property Taxes
$350
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/2/2024$1,349,000 Listed Price

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