Great American Realty-Tamp Frank Leto - (813) 961-9661 Multifamily Property For Sale 740 NE 5th Ave, Crystal River, FL 34428 Price: $760,000 No. Units: 19 Building Size: 20,648 SF Price/Unit: $40,000 Property Type: Multifamily Find Out tv1ore... Property Sub-type: Garden/Low-Rise Property Use Type: Investment Cap Rate: 11.50% No. Stories: Year Built: 1972 Lot Size: 44,711 SF APN / Parcel ID: 17E=-18S-21-0010- 00000-0350 Listing ID 20057519 Last Updated today Highlights 19 unit Apartment Complex 5 buildings are 1 story concrete block Central heat and air Tenant pays electric Description 19 units consisting of 14 unit building at 740 N E 5th Avenue. All 2 bedroom and 1 bath, CHA, 1-story concrete block with pitched shingle roofs. 476 N E Crystal St is 1 duplex 2 bedroom 1 bath, and 1 duplex 2 bedroom 2 bath, and 1 single family home 3 bedroom 2 bath. All buildings are 1-story concrete block with central heat and air. Current gross income =$126,000 per year. Net income =$87,520 per year. Cap rate is 11.5%. Same owners since 1996. 740 5th Ave, and 476 N E Crystal Street, Crystal River, FL. From Tampa go north on 589 (Suncoast Parkway) to the end. Hwy 19 north to Crystal River.
Financial Summary Actual Scheduled Gross Income Operating Expenses Net Operating Income $126,000 $38,480 $87,520 Unit Mix Information Description 2 BR/ 1 BA 2 BR 2 BA No. Units 14 2 3 BR 2 BA 1 BR/ 1 BA 2 Map of 740 NE 5th Ave, Crystal River, FL 34428 (Citrus County) NE13thTema NW nth St s NW 10th.St i NE 11th St c( z ~ ~ ~ -!t ill.l 1! "" w z NE 13th St 1 NE 12th St i w z I.c :;... z NE 9th St NE Cryst.i NE 10th St t J _ I _ i i w w z z I i N 6thSt "" NE Sth Terrace z @ NE:SthSt NE 4th St NE 3rd St
APARTMENTS: I # of Units: 19 TRADE NAME: ADDRESS: 740 N.E. 5th Avenue CITY/ST: Crvstal River, FL 34428 LISTING PRICE: $760,000 Area: Grid No. Folio No. FINANCING: CASH DOWN: TERMS: Cash l\,;un t: Ar IU C~l"'C:'"--""' CURRENT YEAR ROS: SC 1cuULEO ::" 126 001 us:1.. mer nc: Water Income I TOTAL GROSS INCOME 126 00~ Mtgee: Less: Vacancv and Credit Losses 5% 6,00~ Second Mortgage: GROSS OPERATING INCOME 120,00~ Mtgee: Less: Operating Expenses Legal: Folio #1069360 Accounting & Legal Folio #1069378 Advertising, Licenses & Permits Property Insurance 2,062 Property management Payroll-Residential Management Other MalntMan ZONING: R-3 Taxes, Workmen's Comp Personal Property Taxes AMT SQFT RENT Real Estate Taxes 10,490 Repairs & Maintenance Est 3,800 Efficiencies: Replacement Reserve 2 bdrm/ 1 bath 14 Services - Elevator 2 bdrm/ 2 bath 2 Janitorial 3 bdrm/ 2 bath 1 Lawn 1,728 1 bdrm/ 1 bath 2 Pool Washers: Drvers: INCOME: Rubbish Other Pest Control Htd: Suoolies CondGrds: Bldg: Furn: NO Utilities - Electricitv Const: CONC. BLK Yr. Bit 1973 Sewer, water aarbaae 14,40( Floors: 1 Elevators: NO Telephone Blda. Size: 22,760 soft Electric Ser: SeP. Meters Phase: Land Lease Water Suooly: CITY Gas avail: Incl Mta: y N Sewers: Yes A/C: CENTRAL Heat: CENTRAL Lot Size: 52278 soft TOTAL OPERATING EXPENSES 32,48~ NET OPERATING INCOME 87,52~ Children oermitted: YES Less: Total Annual Debt Service Pets oermitted: CASH FLOW BEFORE TAXES COMMENTS: 19 UNIT APARTMENT COMPLEX Owner's name: IN CRYSTAL RIVER, FLORIDA Owner's Phone: 5 BUILDINGS, ALL CONCRETE BLOCK CONSTRUCTION Listina Office: GREAT AMERICAN REAL TY TENANT PAYS ELECTRIC Listina Office Phone: (813) 961-9661 CAP RATE: 11.5 Listing Agent: FRANK LETO Listing Agent Fax: (813) 962-7042 Selling Office Fee: To Show: CALL LISTING AGENT
RENT ROLL 740 N.E. 5th Avenue & 476 N.E. Crystal Street Crystal River, FL 34428 7 40 N.E. 5th Avenue APT# RENT TENANT UNIT SIZE LEASE 1 $550 2 550 3 550 4 550 5 550 6 550 7 400 8 550 9 550 10 550 11 550 12 600 14 550 15 600 Flores 2/1 11-03-17 Lewis 2/1 07-04-17 Frye 2/1 07-04-17 James 2/1 07-01-17 Coates 2/1 07-03-17 Williams 2/1 08-15-17 Addison 2/1 07-04-17 Justen 2/1 08-22-17 Adkins 2/1 06-30-17 Dobrinski 2/1 Miller 2/1 07-01-17 Radford 2/1 06-17-17 Cartwright 2/1 02-15-17 Bilby 2/1 08-15-17 14 Units Total= $7,650 476 N.E. Crystal Street APT# RENT TENANT UNIT SIZE LEASE 470 $600 472 600 476 750 486 450 488 450 Larson 2/2 Duplex 01-05-17 Merrow 2/2 Duplex 08-19-17 Greenlaw 3/2 House 07-15-17 Singleton 1/1 Duplex 07-01-17 Blankenship 1/1 Duplex 07-01-17 $7,650 = Gross - 740 N.E. 5th Avenue 2,850 = Gross -470-488 N.E. Crystal Street $10,500 X 12 $126,000 PER YEAR GROSS
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Additional Photos
Created 11/14/2016
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