Sunny North Florida, 2 Separate properties less than 3 miles from each other, 1st a 60' x 660' .91 acres Wooded lot + a 3/1 All Brick House Ready to Move In, 20 Minutes / 12 Miles from the Beach, 3 Big Bedrooms, 1 Bath, 3/1 All Brick House, Zoned Commercial / Residential, Work Here or Live Here, Corner Lot, One Car Detached Garage + Work Shop + Double Carport, A/C, Rents for $800 month, $9,600 Per Year Rent Income. $96,000 Rental Income After 10 Years. Owner Retiring 10+% Annual Return, Rent it 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, Mayo Clinic, Universities, Big Laundry Room with Washer and Drier connections, Corner Lot, can park RV, Boats, Big Trucks, All your Toys, Bring all Offers...!!! Asking $99,000 OBO for BOTH or Will Trade, Motivated Owner, Other Properties & Management Available, NO RTO, NO Owner Finance, Call show contact info
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Total Income= 800 *12 = 9,600 Yr.
Property Taxes = $550 Yr.
Insurance = $400 Yr.
Net income = 9,600 - 950 = 8,650 Yr.
Net Cap rate = 9,600/96,000 = 10 % Annual Return
$96,000 Rental Income After 10 Years.
Ready to Move In, Call show contact info
to set up showing! Thanks!