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Archived about 3 years ago

$450,000

rooms 4+ ba 3150 sqft

340 & 350 SW Saint Johns Street, Lake City, FL 32025

Commercial Commercial Occupied Needs Repairs

Current Rent **

$850

Projected Rent **

$900

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Fourplex all 2/1 & Lot with 2 contiguous single family structures.

340 & 350 SAINT JOHNS STREET, LAKE CITY, FLORIDA 32025

ADDRESS: 340 & 350 SAINT JOHNS STREET, LAKE CITY, FLORIDA 32025

PRICE: FOUR HUNDRED FIFTY THOUSAND DOLLARS
($450,000.00) LOT SIZE(340): FOURPLEX 3,150 SF ADJ. (LOT) 0.134 ACRES / 5,837.04 SF

LOT SIZE(350): SINGLE FAM 1,246 SF ADJ. (LOT) 0.517 ACRES/ 22,520.52 SF YR BUILT: 1950
SINGLE FAM 1,028 SF ADJ. (LOT) 0.517 ACRES/ 22,520.52 SF YR BUILT: 1930

DESCRIPTION:

TWO STORY CORNER FOURPLEX CONSISTING OF ALL 2 BEDROOM, ONE BATH UNITS.
3,150 SF ADJ. 0.134 ACRE LOT / 5,837.04 SF.
RECENTLY UPDATED. TENANTS PAY WATER & ELECTRIC. EACH UNIT HAS ITS OWN METER.
SALE INCLUDES CONTIGUOUS 0.517/22,520 SF LOT WHICH HAS TWO RESIDENTIAL STRUCTURES. ONE IS CURRENTLY RENTED FOR $200.00 PER MONTH. THE OTHER IS VACANT.

PLEASE CALL CATHERINE WYMAN, REALTOR. DENISE MILLIGAN-BOSE REALTY, INC.
DO NOT DISTURB TENANTS

OFFICE: 386-397-3313 CELLULAR: 386-344-5117

Location:

340 & 350 SW Saint Johns Street, Lake City, FL 32025

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.