11613 SE 57TH AVE new Save Request In-Person Tour Request Virtual Tour
Belleview,FL 34420
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,128 sqft
Price per Sqft $205
Subdivision Laws Sub
MLS Listing ID OM695746
Bedrooms 8
Construction Status Completed
HOA Y/N No
Originating Board Stellar MLS
Year Built 1978
Annual Tax Amount $4,146
Lot Size 0.720 Acres
Acres 0.72
Lot Dimensions 210x144
Property Sub-Type Quadruplex
Property Description
An absolutely gorgeous and beautiful property consisting or 2 separate side by side custom built quads with individual parcel numbers. Great income property. Priced to sell. This is a two in one property sale. Seller is willing to sell each quad under separate contract in order for the Buyer to qualify for HUD, FHA, or a VA loan, but both buildings must be sold jointly at the same time. This is a wonderful 55+ community, with a very close nit elderly tenant population. Most all tenants have been residents since 2018 after the apartments were completely renovated. Currently all tenants are over 62 years of age with single occupancy. As such, possibility of converting to 62+ community. All units, total of 8, were completely gutted and refurbished in late 2017 to mid 2018. New roofs on both buildings with 40 year - 150 MPH, GAF shingles installed by Big D Roofing (commercial grade roofing contractor). All new porcelain PEI Grade 4 tile, all new appliances, all new high efficiency central air conditioning and heating systems (still under warranty), all new water heaters, all new water and electric fixtures, switches and outlets.... Units are solidly built with concrete block and stucco walls around the entire building and all concrete block walls in between all apartments inside the building, making them super solid buildings with minimal to no noise transfer between apartments. Very quiet area that is located on a dead end street with local traffic only. In the middle of the City of Belleview, and close to all the shopping. Majestic old growth Live Oak trees and Southern Yellow Pine trees on the property. A great investment opportunity and income property without any of the issues and headaches that come with a rental property and uncooperating tenants. All tenants are retired and always pay on the 3rd of the month. Never late rents. The complex was originally custom built with the highest grade of construction and material by the initial owners for retirement income purposes. Which included such things as installing high end fixtures made by Kohler.... The current owner is the second owner of the property, and has continued the renovation and upkeep of the properties with the best quality materials, such as installing high performance Rheem water heaters and high efficiency Goodman A/C systems and low flush American Standard toilets.... The property continues to be almost like new construction. All units have their own individual water and electric meters which are paid for by the tenants. The only expense by the owner is for lawn maintenance. Current owner is selling due to retirement. At the current sale price, the high CAP rate on this property makes it an ideal investment without the headaches coming from undesirable tenants, and with a great return on investment.
Location
State FL
County Marion
Community Laws Sub
Zoning R3
Interior
Interior Features Living Room/Dining Room Combo,Open Floorplan,Primary Bedroom Main Floor,Solid Surface Counters,Thermostat
Heating Electric
Cooling Central Air
Flooring Tile
Fireplace false
Appliance Electric Water Heater,Range,Range Hood,Refrigerator
Laundry None
Exterior
Exterior Feature Courtyard,Lighting,Private Mailbox
Parking Features Ground Level,Guest,Off Street,Open
Utilities Available Cable Connected,Electricity Connected,Fire Hydrant,Phone Available,Public,Sewer Connected,Street Lights,Water - Multiple Meters,Water Connected
View City,Trees/Woods
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description City Limits,Landscaped,Street Dead-End,Paved
Entry Level One
Foundation Stem Wall
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block,Stone,Stucco
New Construction false
Construction Status Completed
Schools
Elementary Schools Belleview Elementary School
Middle Schools Belleview Middle School
High Schools Belleview High School
Others
Pets Allowed Cats OK,Dogs OK
Senior Community Yes
Pet Size Very Small (Under 15 Lbs.)
Ownership Fee Simple
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Num of Pet 1
Special Listing Condition None