5049 Canal St, Milton, FL 32570

$225,000
3,560
SqFt
List Price
$225,000
Price Change
▼ $25,000 1560670086
MLS#
550718
Status
ACTIVE
Type
Multifamily
Year Built
1891
City
Milton
Subdivision
Town Of Milton

Property Description

**DO NOT DISTURB TENANTS** BY APPOINTMENT ONLY** This historic and unique property was once the "Colored Odd Fellows Hall" and is listed on the Historic Downtown Milton Walking Map. It is now an 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! Brand new HVAC inside and out installed Unit A $5900 May 2019, new units installed for Units C and D, inside and out $3647 October 2018, and Unit B outside $2690 August 2018. This classic apartment building contains 5 units. 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 (needs work-currently vacant as of May 2019), 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 10% ($23,586 net income) with current income and expenses, or 12% ($27,786 net income) if managing the property yourself. ***REDUCED $25,000 FOR QUICK SALE***ONLY $45,000 PER DOOR***

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
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Gulf Coast Home Experts, LLC.

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