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favorite this post $99000 / 1240ft2 - .91 Acres +3/1 Brick +Garage Florida 12 Miles from the Beach 10%Return hide this posting unhide

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Springfield Ct N near Main St

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1240ft2

Sunny Jacksonville Florida, 20 Minutes / 12 Miles from the Beach, 2 Separate Properties for sale, 1st a 60' x 660' .91 Acres lot, 2nd a 3 Big Bedrooms, 1 Bath, 3/1 All Brick House, Zoned Commercial / Residential, Live Here or Work Here, Corner Lot, One Car Detached Garage + Double Car Port, A/C, Rents for $800 Month, $9,600 per Year, $96,000 Rent Income After 10 Yrs. 10% Annual Return, Owner Retiring, Quiet Neigborhood, Better Than New...!!! Extra Clean, Low maintenance Brick, Wood Floors, Low Total Property Taxes $550 per year, Insurance $450 Year, Central Area, Close to Everywhere, I-10, I-95, I -295, US1, 20 Minutes from the Beach, Boat Ramps, St. Johns River, Naval Bases, Downtown, Shopping, Mayo Clinic, Universities, laundry Room with Washer and Drier connections, Corner Lot, can park RV, Boats, Big Trucks, All your Toys, Make Offer...!!! Asking $35K for the .91 acres lot, $85k for the 3/1 All Brick House Commercial or $99,000 OBO for BOTH or will Trade, Management also Available, Owner Retiring, NO RTO, NO Owner Finance, Call show contact info

Total Income= 800 *12 = $9,600 Yr.
Property Taxes = $550 Yr.
Insurance = $450 Yr.
Net income = 9,600 - 1,000 = $8,600 Yr.
Net Cap rate = 9,600/99,000 = 10+% Annual Return
$96,000 after 10 Yrs. Rent Income, Owner Retiring.
Ready to Move In, Please call show contact info to set up showing! Thanks!
  • do NOT contact me with unsolicited services or offers

post id: 6934228629

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