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Great Cash flow property, tenant pays all utilities except trash. Within the last 10 years owner has replaced, roof, 2 kitchens, 2 bathrooms, all windows and doors, and tiled all units throughout. There is an added plus with 3 separate storage/laundry rooms for each tenant. Current rents are low, owner has and likes long term tenants and does not raise rents often to achieve this goal, rents should be $800/unit. At $800/month GRI = $28,800, GRM = 7.4, NOI = $24,600 with an 11.5% Cape rate.

Property Details of 12305 First ST

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Listed by Tad Miller, West Coast Realty Inc

Sold by,

Based on information submitted to Florida Gulf Coast Multiple Listing Service. All data is obtained from various sources and has not been, and will not be, verified by broker or Florida Gulf Coast Multiple Listing Service.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information.

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