***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.
Listing courtesy of Gulf Coast Home Experts, LLC.
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