5049 Canal St, Milton, FL 32570

$225,000
5
BD
5
BA
3,560
SqFt
List Price
$225,000
MLS#
559979
Status
ACTIVE
Type
Single Family Residential
Year Built
1891
Acres
0.315
City
Milton
Bedrooms
5
Bathrooms
5

Property Description

***By Appointment Only- Property is occupied***Unique historic property that is currently a 5 unit apartment, but could be renovated into a one or two family home, or live upstairs and rent downstairs. This 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. Each unit has a stove, microwave and refrigerator that will convey with sale. Laundry facility on site, with large parking area in the rear. Beautiful 2nd story deck was replaced in 2013. Nice park with fountain across the street. Most recent rents show 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.

Additional Information

Style
COLONIAL
High School
Milton
Living Area
3,560
Lot Description
CENTRAL ACCESS, HISTORIC DISTRICT, PAVED ROAD
Interior Features
ALL BLINDS, BASEBOARDS, CABLE AVAILABLE, CEILING FANS, HIGH CEILINGS, LAUNDRY INSIDE, W/D HOOKUPS, WALK-IN CLOSET
Kitchen Features
ELECTRIC STOVE, LAMINATE COUNTERTOPS, MICROWAVE, REFRIGERATOR
Floors
HARDWOOD, TILE, VINYL
Cooling
2+ UNITS, CENTRAL ELECTRIC
Heating
2+ UNITS, CENTRAL GAS
Exterior Features
BACKYARD FENCE, BALCONY, PORCH, YARD BUILDING
Waterview Description
None
Waterfront Type
NONE
Waterfront Description
NONE
Exterior
VINYL
Roof
COMPOSITE SHINGLE
Pool Description
NONE
Parking
PARKING LOT
Elementary School
Bagdad
High School
Milton

Mortgage Calculator

Amount of Loan
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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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