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Listing Photo 779544
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Contact Information
Jennie Pinto
(C) (352) 214-4365
Nature Coast
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Listing Details
MLS Number: 779544
List Price: $528,000
Street #: 640
Street Name: 6th St
City: Cedar Key
State: FL
Zip Code: 32625
County: Levy
Parcel ID: 0865400000
Tax Amount: 5742.35
Property Tax Year: 2019
Apx Acreage: 0.14
Apx Lot Size: 65x100x50x100
Waterfront: No
Sale Type: Sale Only
Apx Year Built: 1980
Total Rooms(excluding bathrooms):  
Apx Building SqFt Under Roof: 3735
Apx Net Leasable Space: 3735
Cap Rate %:  
Asset Sale: Both
Building Stories: 2
Ceiling Height: Varies
Electric Phase: Single
Voltage: 220
Fire Sprinklers: None
Loading Docks: None
Rail: No
Annual Gross Sales: 59200
Annual Expenses: 14000
Net Operating Incm: 45200
Type Property: Apartments
Current Use: Apartments
Construction: Wood Siding, Frame
Heating: Central Electric, Multiple Units, Heat Pump
Cooling: Ceiling Fan(s), Heat Pump, Central Air
Water Sources: Metered, Public
Sewer Type: Public Sewer
Parking: Street Parking, Open Parking
Energy Features: Thermal Glass Windows
Road Type: City Street
Waterfront Access/Details:  
Legal Description: 32-15-13 CEDAR KEY BLK 26 LOTS 20 21 & W 15 FT OF N 75 FT OF LOT 22 OR BOOK 1298 PAGE 765
Directions: From State Road 24, turn onto 6th street, Property in first on the left
Public Comments: Great investment property! 6 apartments, FULLY rented. 1-2/2, 2-2/1, 2-1/1 & 1 studio. One of the few apartments in Cedar Key, this is a high demand property! Each apartment is individually metered for water/sewer and electric. COMPLETELY renovated 2013, including 26 gauge metal roof, plumbing, wiring, central HVAC, interiors, flooring, cabinetry, and appliances. Bimonthly pest control services, trash collection and "common area" electric, taxes and insurance are the annual expenses. Want to have your home and "keep0 busy". Keep the 2/2 apartment for yourself and rent the others! Nicely landscaped yard shaded by native vegetation helps attract full time, long term tenants. Two covered balconies, two open decks, individual AC, help KEEP them