301 SW 3rd Terrace, Mulberry, FL 33860

$1,350,000

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Property Description

Income producing multifamily property! DE-RISKED INVESTMENT: 12-Unit Portfolio + Expansion Land - Delivered with 6 NEW ROOFS! Stop fighting the Florida insurance market. This high-performing 12-unit complex is being re-introduced to the market with a massive seller incentive: 6 Brand New Roofs to be completed prior to closing. By delivering the asset with new roofs, the seller is removing the #1 hurdle to financing and securing affordable insurance premiums. This 10%+ Cap Rate asset features 11 renovated units, individual HVACs, and massive upside. Sale includes an adjacent vacant parcel for future development or added amenities. Buy today, finance easily, and enjoy years of maintenance-free ownership.

301 SW 3rd Terrace | MLS# TB8460905

This multi-family property located at 301 SW 3rd Terrace, Mulberry, FL 33860 is currently listed for sale with an asking price of $1,350,000. Search Mulberry real estate on www.watsonrealtycorp.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.79 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $15,236
Year Built: 1950
Square Feet: 7,584

Amenities

Other
Other

Feature Descriptions

Annual Net Income: 121331.00
Days on Site: 127
Directions: Take route 60 East from Bailey Road, R on SW 3rd Avenue, R on SW 3rd Terrace
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, Private Financing Available
Lot Dimensions: 0.79
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Call Listing Agent, Do Not Contact Tenants, Lockbox, See Remarks
Special Sale Provisions: None
Units: 12
Utilities: Electricity Available, Public
Water: Public
Water Access Y/N: No
Zoning: R-1

Listed By / Shown By

Listed By

Agency Name: DIVINE REALTY AND ASSOCIATES LLC
Agency Contact: 718-954-2278

Shown By

Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193

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Estimated Payment

$ 8,362.41 per month $6,698.99 Principal & Interest $1,269.67 Property Tax $393.75 Homeowner's Insurance

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