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1154 NE 1st St 5 Unit Apartment Building $600,000 ($120,000/Unit) 6.92% Cap Rate Crystal River, FL 34429
EXECUTIVE SUMMARY
Fully Tenanted Multifamily Gem in Crystal River, FL. An exceptional investment opportunity awaits in the heart of Crystal River, FL. This multifamily property boasts five fully tenanted units across two buildings, providing a steady income stream from day one. Property Features: Building 1 comprises three units, while Building 2 encompasses two units, all featuring spacious 2 bedrooms and 1 bathroom layouts. R2 zoning offers the potential to expand further, allowing the construction of three additional units, providing increased income potential for savvy investors. Tenant Occupied: Currently, all units are occupied, ensuring immediate and consistent cash flow for the discerning investor.
PROPERTY FACTS
| Price | $600,000 | Apartment Style | Townhome |
| Price Per Unit | $120,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.04 AC |
| Cap Rate | 6.92% | Building Size | 3,552 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1971 |
| Zoning | R1, R2 | ||
| Price | $600,000 |
| Price Per Unit | $120,000 |
| Sale Type | Investment |
| Cap Rate | 6.92% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.04 AC |
| Building Size | 3,552 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1971 |
| Zoning | R1, R2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Ceiling Fans
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 17E-18S-22-0030-00000-0185 | Improvements Assessment | $287,890 |
| Land Assessment | $21,680 | Total Assessment | $309,570 |
PROPERTY TAXES
Parcel Number
17E-18S-22-0030-00000-0185
Land Assessment
$21,680
Improvements Assessment
$287,890
Total Assessment
$309,570
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1154 NE 1st St
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