507 W Baker Street, Plant City, FL 33563

$499,000
1,882
SqFt
List Price
$499,000
Status
Active
Days on Market
10
MLS#
T3156265
Property Style
Quadruplex
Year Built
1948
Living Area
1,882
Lot Size
17,850
Acres
0.41
Total Acreage
1/2 Acre to 1 Acre
Legal Subdivision Name
Plant City Rev Map
MLS Area Major
Plant City

Property Description

Palm Haven Apartments - Great Investment Opportunity - 6 Units, 2 Parcels, just under 1 acre total property - Incredible Income potential - Great Location near downtown Plant City with lots of road frontage and future commercial potential - Minimal Vacancy historically - New Metal Roof - extra parking. Zoned residential for lower taxes, $2402 combined/year. Operates approximately 16% return on investment on standard investment loan, 10% return on cash investment with current operation process - potential of generating more income. 1-efficiency studio units, 2 -1 bedroom/1 bath units, 1 2 bedroom/2 bath, 2 - 2 bedroom/2 bath. These are older , need a little cosmetic work but also 100% occupied currently in current condition. 2 units have been completely remodeled within last 12 months. Rent includes electric and water for all tenants, on city water, sewer and dumpster service for trash. For more financial information, please have pre-approval or bank statement submitted. Serious inquiries only for private tours to minimize tenant disruption. Contact us for more info, these are a good investment and wont last long.

Additional Information

Taxes
$1,633
Minimum Lease
No Minimum
Annual Gross Income
68000
Community Features
No Deed Restriction
Property Description
One Story
Zoning
R-1
Interior Layout
Master Bedroom Downstairs
Interior Features
Master Bedroom Downstairs
Appliances
Range, Refrigerator
Utilities
Cable Available, Cable Connected, Electricity Available, Electricity Connected
Heating
Wall Units / Window Unit
Air Conditioning
Wall/Window Unit(s)
Exterior Construction
Siding
Exterior Features
Sidewalk
Roof
Metal
Pool
No Pool
Elementary School
Wilson Elementary School-Hb
Middle School
Tomlin-Hb
High School
Plant City-HB
Flood Zone Code
X
Parcel ID
P-29-28-22-5D9-000023-00001.0
Legal Description
PLANT CITY REVISED MAP LOT 1 LESS LOT BEG AT NE COR & RUN WLY 40.5 FT SLY 105 FT ELY 40.5 FT AND NLY 105 FT TO BEG AND LOT 2 BLOCK 23

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of BLUE SUN REALTY.

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