1154 NE 1st Street
Crystal River, Florida 34429, United States

MLS#: 828912

$600,000 USD

Type
Apartment
Bedrooms
10
Home/Lot size
330m² (3,552ft²)
The details

Property features

Date Updated: Sep 14, 2024

Construction details

Year built
1971

Other features

Appliances
Washer
Dryer

Area

Property size
330m² (3,552ft²)
Land/Lot size
4,209m² (1.04ac)
Bedrooms
10
Total rooms
10
Cooling system
Central AC

Description

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. 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. Total annual expenses is $18,894 included Management Fee. CAP RATE is 6.6%.

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Location

1154 NE 1st Street, Crystal River, Florida 34429, United States
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