Sunny North Florida, 20 Minutes / 12 Miles from the Beach, 2 Separate properties less than 3 miles from each other, 1st a 60' x 660' .91 acres Wooded lot, 2nd a 3 Big Bedrooms, 1 Bath SFR, 3/1 All Brick House, Zoned Commercial / Residential, Live Here or Work Here, One Car Detached Garage + Work Shop + Double Carport, Corner Lot, 3 Big Bedrooms, 1 Bath, central A/C, Rents for $800 Month $9,600 Yr. $96,000 Rent Income After 10 Years. 12+% Return, Owner Retiring, Rent it or Move In, Quiet Neighborhood, Better Than New...!!! Extra Clean, Low maintenance Brick, Wood Floors, LOW Property Taxes $550 per year, LOW Insurance $400 Year, Central Area, Close to Everywhere, I-10, I-95, I -295, US1, Minutes from the Beach, Boat Ramps, St. Johns River, Downtown, Shopping, Universities, laundry Room with Washer and Drier connections, Cul de Sac Corner Lot, can park RV, Boats, Big Trucks, All your Toys, Will Co-Op, Bring all Offers...!!! Asking $35k for the .91 Acres lot, $85k for the 3/1 All Brick House, or $99,000 for BOTH OBO or Will Trade, Motivated Owner Retiring, looking for Serious Buyers ... Management Available, NO RTO, NO Owner Finance show contact info
Total Income= 800 *12 = $9,600Yr.
Property Taxes = $550 Yr.
Insurance = $400Yr.
Net income = $9,600 - 950 = $8,650 Yr.
Net Cap rate = $9,600/99,000 = 10+ % Annual Return
$96,000 Rent Income After 10 Years.
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