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Jim Knetsch

LPT Realty

jim.knetsch@lptrealty.com +1(813) 629-0341

$ 850,000

Est. payment -/mo

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11613 SE 57TH AVE Belleview, FL 34420

8 Beds

8 Baths

4,128 SqFt

UPDATED:

02/24/2025 09:52 PM

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

Listed by PLATINUM HOMES AND LAND REALTY

Char Knetsch +1(813) 892-5059 char.knetsch@lptrealty.com