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420 & 422 ALABAMA AVE Saint Cloud, FL 34769
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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
Garage 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
Waterfront false
Roof Type Shingle
Parking Type Driveway
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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Bought with ROBERT SLACK LLC
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