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Wade M. Berlin

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PRICED AT ONLY: $2,300,000

Address: Address Not Provided

Description

Development Opportunity. (4) townhouse unit complex situated on a heavily landscaped 10,000 sq ft parcel. Comprised of (2) side by side duplexes legally subdivided as ( 4 ) individual, 750 sq ft (under air) licensed units, with (4) separate legal descriptions, parcel numbers, insurance policies, & utilities meters. At one time, there were four individual loans on each of the units as well.**** The only common area is the roof over each duplex, the shared wall between the units and walkways between, and on either side of each of the (2) duplexes. **** Each unit has its own laundry room addition directly off the kitchens with separate exterior screen doors (4) pairs of new washers & dryers. Current below market rents for each 2 bedroom, 1 bathroom unit runs between $2,225 to $2,900 with the lower rents soon to be increased.***** Always operated as a successful rental property, the units were never sold off, which is definitely the Highest and Best use of the complex. Added value would be to install a lap pool/ patio area in the 100' wide back yard as a common use amenity. 2nd option would be to provide a private pool area for each of the rear (2) units, giving each one half of the large rear yard, greatly increasing their sale value. Mature landscaping that has been well maintained surrounds the property and separates the units. Other valuable amenities are the over sized covered front porches with high open beamed ceilings offering additional square footage and valuable on site parking for 10 cars. The property has been continually well maintained painted, new air conditioners & water heaters replaced when needed and blinds & curtain rods on all windows. All roof screws were replaced & new ones added to code standards. ***** Under ''Documents Tab'', see the survey with legal descriptions for each unit, floor & site plan & aerial photo. (4) Windstorm, Flood, Fire & Liability policies in place. Call for additional information. Realtor owned
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  • MLS#: 610922 ( Apartment 3 or more )
  • Street Address: Address Not Provided
  • Viewed: 6
  • Price: $2,300,000
  • Price sqft: $0
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 1963
  • Bldg sqft: 0
  • Bedrooms: 8
  • Total Baths: 4
  • Full Baths: 4
Request More Information
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Features
Building and Construction
  • Construction: CBS
  • Num Stories: 1.0
  • Sqft Source: Seller
  • Total Number Of Units: 4.00
Property Information
  • Property Group Id: 19990816212135227274000000
Eco-Communities
  • Water View: No Waterview
Utilities
  • Kw Neighborhood: New Town
  • Utilities: FKAA, Municipal Sewer
Finance and Tax Information
  • Fee Includes: None
  • Tax Year: 2023
Other Features
  • Appliances: Range, Dryer, Washer
  • As Is Rght To Inspct: Yes
  • Association Info 1st Right Of Refusal: No
  • Association Info Mandatory Home Owners Asc: No
  • Deed Restrictions: No
  • Dockage: None
  • Flood Zone: AE
  • Legal Description: KW KW REALTY CO'S FIRST SUB PB1-43 PT LOT 11 SQR 13 TR 21 A/K/A UNIT 3 & 1/4 INT IN PARCEL 6 & 1/2 INT IN PARCEL 7 OR27-
  • Limitd Reprsntation: No
  • Mile Marker: 3.00
  • Parcel Num: 00046600-000000
  • Side: N/A
  • Style: Commercial
  • Year Established: 0000-00-00
  • Zoning: MDR-1 - Medium Desnity Residential
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Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin