1154 NE 1st Street Crystal River, FL 34429
Fully Tenanted Multifamily Gem in Crystal River, FL. An exceptional investment opportunity awaits in the heart of Crystal River, FL. This multifamily property boasts five fully tenanted units across two buildings, providing a steady income stream from day one. Property Features: Building 1 comprises three units, while Building 2 encompasses two units, all featuring spacious 2 bedrooms and 1 bathroom layouts. R2 zoning offers the potential to expand further, allowing the construction of three additional units, providing increased income potential for savvy investors. Tenant Occupied: Currently, all units are occupied, ensuring immediate and consistent cash flow for the discerning investor. Total annual expenses is $18, 894 included Management Fee. CAP RATE is 6.6%.
- Property TypeMulti-Family
- NeighborhoodCharpias Add To Crystal River
- CountyCitrus
- Taxes$5,333
- HOA/Condo/Coop Fees$0
- Days on Site47 Days
- MLS StatusPending
- MLS ID Number828912
- Home Size Source Public Records
- Year Built1971
- Lot Size1.04 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style One Story
- Construction Stucco
- Parking ConcreteDriveway
- Sewer Public Sewer
- Number of Stories 11
- Acreage 1.04
- Water Public
- Property Sub Type Apartment
- Foundation BlockSlab
- Zoning R1, R2
- Listing Conditions Standard
Interior Features
- Cooling Central AirElectric
- Appliances DryerElectric CooktopWasher
- Flooring CarpetVinyl
Exterior Features
- Roof AsphaltShingle
- Pool Features None
- Waterfront Property No
- Exterior Concrete Driveway
- Lot Acreage
- Road Frontage County Road
Community Features
- MLS Area 16