Residential Wealth Partners
This listing was posted on Residential Wealth Partners (via ListedBuy).
$860,000
13 Louisiana Ave, Saint Cloud, FL 34769 - MLS O6133357
Price:
$860,000
BR/BA:
9 BR, 4 BA
Location:
13 Louisiana Avenue, Saint Cloud, FL
Description:
Calling all investors! Here is a rare chance to own one of the few 4-plex, multifamily properties steps from the East Lake Tohopekaliga waterfront! This hidden gem is a single building comprised of (3) 2-bedroom, 1-bath units, and (1) 3-bedroom, 1-bath unit; it has a common-area lobby and laundry all under one roof. Lower units each have access to a covered patio, while the two upper units enjoy screened porches. All units are separately metered, have assigned parking and their own mailbox. Unit 15 was vacated July of 2023 and kept open for the vision of the new owner with the AC and water heater replaced in this unit earlier this year. In 2022, Unit 19 received a new fridge and Unit 13 a new range. The parking area received a facelift in 2022. The shared laundry room, equipped with a leased coin-operated washer and dryer, strategically offsets the common area utility costs. The laundry is separately metered and has a utility sink and dedicated folding area; and, a new water heater was installed last year. Three of the units are occupied by long-term tenants so the sales are currently below market. Cap rate on this property is at 5.8% and offers a stable income, so you can take your time renovating. Location is one of the under-estimated features of this property. Not only is the building steps away from Lakeshore Blvd and all it's amenities (walking/biking trail, picnic areas, public parking, playgrounds, public restrooms, public beach and boat launch, etc), it's a 5-10 min drive to the hospital, grocery stores, shopping, restaurants, Saint Cloud High, 58-acre Peghorn Nature Park & trails, Extreme Sports skate park, and more! For serious buyers, a comprehensive inspection report is available. The property has been priced to reflect its current state - a roof is needed which, seller is willing to do prior to close with a solid offer. Assignable offers will not be entertained. Out of respect for both tenants and property, do not stop, disturb. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Amenities:
AC, Parking, Patio/Deck, Refrigerator, Washer Dryer
For sale by:
Agent/Broker
Agent Name:
Residential Wealth Partners
Posted:
September 23 2023 on ListedBuy
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More About this Listing: 13 Louisiana Ave, Saint Cloud, FL 34769 - MLS O6133357
13 Louisiana Ave, Saint Cloud, FL 34769 - MLS O6133357 is a 9 Bedroom 4.5 Bath Multi-Family Real Estate for Sale at 13 Louisiana Avenue in Saint Cloud FL. Find other listings like 13 Louisiana Ave, Saint Cloud, FL 34769 - MLS O6133357 and listings near 13 Louisiana Avenue by searching Oodle Classifieds for 9 Bedroom 4.5 Bath Multi-Family Real Estate for Sale in Saint Cloud FL.
13 Louisiana Ave, Saint Cloud, FL 34769 - MLS O6133357 is a 9 Bedroom 4.5 Bath Multi-Family Real Estate for Sale at 13 Louisiana Avenue in Saint Cloud FL. Find other listings like 13 Louisiana Ave, Saint Cloud, FL 34769 - MLS O6133357 and listings near 13 Louisiana Avenue by searching Oodle Classifieds for 9 Bedroom 4.5 Bath Multi-Family Real Estate for Sale in Saint Cloud FL.