N/A, LAKE CITY, FL

$1,349,000

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162

Beds

81

Baths

6,922

Square feet

0.72

Acres

About N/A

Charming Development with 10 buildings and 10 tenants in place in this stable asset. With large upswing there is additional building that is waiting to be renovated the current owner has already gutted so it is easy redo. That unit will bring in approx. additional $1725 per month. The current owner has gone though 8 of the units and renovated the other two units the tenants have been there for years they are paying current rates they seem to love their homes they way they are. Also there is a existing pad with electric and plumbing just waiting for additional unit to be put in place for even more Cash Flow. The property has complete camera system so ownership may always be able to check their investment for their anytime anyplace. The current long term owner has made sure this investment will have no deferred maintenance. This amazing Cash Cow is located right off Historic Downtown Lake City, walking distance to the VA Hospital, and the Lake Soto Park. Lake City is experiencing growth like the rest of the State and limited housing. Please do not enter property without Appointment this is a Quite Sale.

Features of N/A

MLS® # O6175520
Price $1,349,000
Bedrooms 162
Bathrooms 81.00
Square Footage 6,922
Acres 0.72
Year Built 1945
Type Residential Income
Sub-Type Multi-Family
Status Active

Community Information

Address N/A
Area Lake City
Subdivision LAKE CITY
City LAKE CITY
County Columbia
State FL
Zip Code 32055

Amenities

Is Waterfront No
Private Pool No
Has Pool No

Interior

Interior Features Living Room/Dining Room Combo
Appliances Range, Refrigerator
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace No

Exterior

Exterior Features Outbuilding(s), Lighting, Other
Roof Metal
Foundation Crawlspace, Slab

Additional Information

Date Listed February 2nd, 2024
Days on Market 83
Zoning MULTI-FAMI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCOLDWELL BANKER REALTY

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