198 Broad Street

Masaryktown FL 34604

10089 sq. ft.

93156 sq. ft.

Multi-Family

Last sold for $600,000

Kimberly Pye, PA, last sold this property on 31 December 2021 after 67 days on market.

Overview

INCOME-PRODUCING, 16 unit, multi-family property on over 2 acres with split zoning (C1 and R1A) . C1 zoning directly on US 41 (Broad Street) where the 4 efficiency apartments are located (approximately 75 feet of C1 on US 41 and C1 on the south of the of the property. Property is made up of 6 lots (each is 60 x 260). Property has a total of 360 feet of road frontage on US 41. Daily Traffic Count = 15,300 (and growing!!). Property is made up of 4 apartments, 6 single family homes, and 6 mobile homes. The value is in the land, its location, and its zoning. The income producing units are the plus. Call to schedule a showing. P&L report from Jan-October 2021...from seller shows $40,000+ net income prior to property taxes. 4 units not rented during this time, so potential is there: office manager's house (manages property in exchange for free rent), another house to maintenance man who was not doing his job and was evicted so house can be rented), two of the mobiles (need some work before they can be rented). Owner will finance with $200,000 down, 6% interest, amortized at 15 years, with a 4 year balloon.

Features

2 carspaces

10089 sq. ft. floor area

93156 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar multi families sold in Masaryktown over the last 12 months.

Property history for 198 Broad Street

2021

Sold

$600,000

31 Dec 2021 by Kimberly Pye, PA, of HOME LAND REAL ESTATE INC

Happy sellers in Masaryktown

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Local market activity for multi families in Masaryktown

Sold

For Sale

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People are reaching out to these agents in Masaryktown for a market analysis.

James Saffell

(248 reviews)

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Frank Colucci

at FLORIDA LUXURY REALTY INC

(12 reviews)

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Gus Isaza

at Casa Sol Exp Realty

(3 reviews)

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John Pinta

at DENNIS REALTY & INV. CORP.

(4 reviews)

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Nearby agents

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James Saffell

Sellers who recommend James Saffell have praised them for being local expert, clear communication, responsive, supportive, reliable, detail-oriented, and friendly