5049 Canal St, Milton, FL 32570

$250,000
3,560
SqFt
List Price
$250,000
MLS#
550718
Status
ACTIVE
Type
Multifamily
Year Built
1930
City
Milton
Subdivision
Town Of Milton

Property Description

**DO NOT DISTURB TENANTS** BY APPOINTMENT ONLY** Investment money maker in the heart of Milton and walking distance to Downtown, with a beautiful waterfront boardwalk and quaint and quirky shops and restaurants! This FULLY OCCUPIED apartment building contains 5 units. **Seller has just spent $5900 on a new HVAC for Unit A** Laundry facility on site, with parking in the rear. Beautiful 2nd story deck was replaced in 2013. Nice park with fountain across the street. Unit A- $725/mo (vacant after May 15- needs repairs), Unit B- $775/mo, Unit C- $725/mo, Unit D- $685/mo, Unit E- $600/mo, for an annual gross income of $42120. Annual Expenses include: $3425 gas/water/sewer/garbage, $7293 electric, $1644 property taxes, $1972 insurance, $4200 property management, for a potential cap rate of 9% with current income & expenses, or 11% if managing the property yourself.

Additional Information

High School
Milton
Living Area
3,560
Lot Description
CENTRAL ACCESS
Interior Features
HIGH CEILINGS
Kitchen Features
ELECTRIC STOVE, REFRIGERATOR
Floors
HARDWOOD
Heating
2+ UNITS
Waterfront Type
NONE
Exterior
WOOD
Roof
COMPOSITE SHINGLE
Pool Description
NONE
Elementary School
Bagdad
High School
Milton

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Gulf Coast Home Experts, LLC.

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