1154 NE 1st St - Apartments FOR SALE


Crystal River, FL 34429
$600,000 USD
352-586-3666
1154 NE 1st St, Crystal River, FL for Sale
$600,000 USD
Apartments - FOR SALE
1/35
null | 6.41% Cap Rate

1154 NE 1st St
Crystal River, FL 34429


HIGHLIGHTS

  • Great location near all amenities.
  • Fully Tenant Occupied
  • R2 Zoning - Three additional units can develop.

OVERVIEW

Fully Tenanted Multifamily Gem in Crystal River, FL. An exceptional investment opportunity awaits in the heart of Crystal River, FL. This multifamily property boasts five fully tenanted units across two buildings, providing a steady income stream from day one. Property Features: Building 1 comprises three units, while Building 2 encompasses two units, all featuring spacious 2 bedrooms and 1 bathroom layouts. Situated in the vibrant Crystal River area, known for its serene landscapes and proximity to key amenities, schools, and entertainment options. R2 zoning offers the potential to expand further, allowing the construction of three additional units, providing increased income potential for savvy investors. Tenant Occupied: Currently, all units are occupied, ensuring immediate and consistent cash flow for the discerning investor.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

5

PRICE/UNIT

$120,000

CAP RATE

6.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Unit Multifamily

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,116 SF

ZONING

R1, R2

APN/PARCEL ID

17E-18S-22-0030-00000-0185

ASK ABOUT THIS PROPERTY

Thao LeCentury 21 J.W. Morton Real Estate, Inc.More Info
352-586-3666

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Thao LeCentury 21 J.W. Morton Real Estate, Inc.More Info
352-586-3666

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.