Sunny North Florida, 12 Miles 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, a 3/1 All Brick House, Zoned Commercial / Residential, Live Here or Work Here, One Car 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, Vacant, Rented or Move In, Quiet Neighborhood, Better Than New...!!! Extra Clean, Low maintenance Brick, Wood Floors, Low Property Taxes $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, Boats, Big Trucks, All your Toys, Will Co-Op, Bring all Offers or Trades ...!!! Asking $35K for the .91 Acres, $85K for the 3/1 All Brick House or $99,000 OBO Motivated Owner, looking for Serious Cash Buyers ... Management Available, No RTO, NO Owner Finance, Call show contact info
Total Income= 800 *12 = $9,600 Yr.
Property Taxes = $550 Yr.
Insurance = $400Yr.
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.
Call show contact info
to set up showing! Thanks!
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