621 E St - Multi-Family FOR SALE


Clearwater, FL 33756- South Clearwater
$525,000 USD
813-865-3091
621 E St, Clearwater, FL for Sale
$525,000 USD
Multi-Family - FOR SALE
1/10
null | 9.42% Cap Rate

621 E St
Clearwater, FL 33756
South Clearwater


HIGHLIGHTS

  • 100% Leased
  • Renovated w/ Value Add Components
  • Professionally Managed

OVERVIEW

Lakeview Lofts | 100% Occupied! Professionally managed. Not in a flood zone. Currently leased @ $5,875/month. Unit mix features (1) main home and (3) studio units. Updates throughout, new roof in 2016. Located in a phenomenal location with easy access to the area's best attractions, restaurants, and entertainment. Cost Analysis Performed as Rental Property In: Rent - $70,500.00 Out: (Annual) Property Taxes - $4,344.30 (Annual) Estimated Insurance - $2,401.00 (Annual) Property Management (Optional) - $5,640.00 (Annual) Estimated Utilities/Lawn/Repair/Misc. - $8,640.00 Total Costs - $21,025.30 Net: $49,474.70 Earn: Total yearly net equates to - $49,474.70 Total monthly gross equates to - $5,875.00 TOTAL MONTHLY NET EQUATES TO - $4,122.89

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$210 USD /SF

# OF UNITS

4

PRICE/UNIT

$131,250

CAP RATE

9.42%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,801 SF

ZONING

MDR

APN/PARCEL ID

21-29-15-07362-002-0060

ASK ABOUT THIS PROPERTY

Kurt WestfieldBlue Peak RealtyMore Info
813-865-3091

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Kurt WestfieldBlue Peak RealtyMore Info
813-865-3091

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