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Back 420 Alabama Avenue
Off Market

420 Alabama Avenue

St. Cloud FL 34769

1788 sq. ft.
14810 sq. ft.
Multi-Family
Last sold for $318,000
KEITH LIBBYKEITH LIBBY, last sold this property on 20 September 2021 after -2 days on market.

Overview

Excellent Investment Opportunity with excellent Long Term tenants ideally located within a few steps of the popular Multi-Million Dollar St Cloud Lakefront Recreational Park. This well maintained duplex of 2- 2 bed/ 1 bath units boasts one tenant who has been there since 2017 that pays a month ahead an under market rent of $1050 . Current lease expires in April 2022. Possible opportunity to increase current discounted rent at that time. Other tenant since Sept 2020 and lease expires September 2022 at $1250 a month. Property features oversized 150 ft treed lot with vehicular access lane in the rear , appliances including one washer & both dryers , 12 yr old roof, a 6yr old A/C , 5 & 8 yr old water heaters and exterior storage closets. Owner's Storage Shed in back yard. Pictures of vacant unit is Unit#422 that were taken when it was remodeled and updated in Sept 2020 prior to the current tenant taking occupany. Other pictures are of unit# 420 remodeled a few years before. Purchase and enjoy an excellent and immediate income at a Cap Rate very close to 7%. Call Today!

Features

1788 sq. ft. floor area
14810 sq. ft. lot size
Multi-Family

Estimated Value

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

Property history for 420 Alabama Avenue

2021
Sold
$318,000
20 Sep 2021 by KEITH LIBBY, of LIBBY REALTY, INC.
2007
Sold
$187,500
16 Jul 2007 by ALEK LOUDAKIS, of Exit Realty Central

Happy sellers in St. Cloud

88%
88% of sellers in St. Cloud reported that their sale price either exceeded or met their price expectations.

St. Cloud stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in St. Cloud over the last 12 months.

Local market activity for multi families in St. Cloud

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in St. Cloud

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Chad Vaughan

Chad Vaughan is a recommended agent for St. Cloud.  They have 3 local sales and collected 3 local reviews across the last 12 months.

  •   5   (115 reviews)
  •  3 Reviews in St. Cloud
  •  3 Sales in St. Cloud
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Robert Michael Medrano Diaz, Sr

Sellers who recommend Robert Michael Medrano Diaz, Sr have praised them for being local expert, responsive, clear communication, dedicated, supportive, great negotiation, and reliable

  •   5   (74 reviews)
  •  2 Reviews in St. Cloud
  •  2 Sales in St. Cloud
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Stephanie Peterson

Stephanie Peterson is a recommended agent for St. Cloud.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (8 reviews)
  •  2 Reviews in St. Cloud
  •  2 Sales in St. Cloud
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Nora Arenivas, LLC

Nora Arenivas, LLC is a recommended agent for St. Cloud.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   5   (4 reviews)
  •  2 Reviews in St. Cloud
  •  1 Sale in St. Cloud
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