This property is Off-Market

803-828 NE McGee
Live Oak, FL 32064 ·

18 Units · Multifamily For Sale

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OAKWOOD APARTMENTS: 18 Turnkey & Leased Units.

Price N/A Property Use Type Investment
No. Units 18 Cap Rate 10.30%
Building Size 14,178 SF Year Built 1970
Property Type Multifamily Lot Size 29,785 SF
Property Sub-type Garden/Low-Rise
Listing ID: 18218771 Date Created: 06/14/2013 Last Updated: 08/30/2013

Description

Oakwood Apartments: Nearly 100% occupied. 18 units in 10 concrete block buildings. Excellent construction with tile floors & block interior walls. All units have had some renovation. Almost all units have new kitchens, new flooring, and new heater and a/c wall units. City gas, water, sewer, and electrical is metered at each unit. Low owner overhead. Off-street parking for all units. Built in 1970. Effective year built: 1992.

Cost Analysis Performed as Rental Property
In:
Rent - $97,596.00

Out:
(Annual) Actual Taxes - $8,100.00
(Annual) Estimated Insurance - $5,911.00
(Annual) Property management (optional) - $9,759.60
(Annual) Misc - $2,200.00
Total Costs - $25,970.60

Earn:
Total yearly equates to - $71,625.40
Total monthly equates to - $5,968.78

PROPERTY MANAGEMENT IN PLACE.

Located in Live Oak, FL. Live Oak is a city in Suwannee County, Florida. The city is the county seat of Suwannee County and is located east of Tallahassee, Florida. U.S. Highway 90, U.S. Highway 129 and Interstate 10 are major highways running through Live Oak.

Standard verbiage:

Title conveyed free & clear. Sale is contingent upon seller acquiring clear title from a third party prior to closing. Seller to refund earnest money deposit if seller is unable to clear any & all existing liens, or unable to acquire proper title, prior to closing. Sale listing is not a provided through a United States Securities Dealer or Broker or U.S. or a Foreign Investment Advisor. Sale listing is provided through a Facilitator, Consultant and Advisor, and in some instances a Private Investor and makes no warranties or representations as to the Applicant, Borrower, Buyer, Seller or Transaction. All due diligence is the responsibility of the Applicant, Borrower, Buyer and Seller. This standard disclosure and or the attached related documents are never to be considered a solicitation for any purpose in any form or content. Upon review, the Recipient hereby acknowledges this Disclaimer.

Highlights

  • STRONG RENT ROLL
  • LIMITED AVAILABILITY
  • OCCUPIED
  • MANAGEMENT IN PLACE
  • TURNKEY OPERATION
  • EXCELLENT CONDITION

Research

803-828 NE McGee, Live Oak, FL 32064 (Suwannee County)

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