Portfolio of 2 Properties For Sale

Multi-Family for Sale
Catylist Listing ID: 30588754
Property Subtypes: Mixed Use
Number of Units: 11 Units
Building Size (RSF): 14,790 SF
Gross Building Area: See Agent
Sale Price: $949,000
Unit Price: $86,272.73 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/26/2021

Overview / Comments

Located on 3+ acres with Putnam County C-2 zoning:
Three single-family homes & four duplexes.
Eleven rentable units.
Potential for future redevelopment.
Active location near the corner of State Road 19.
Nearby businesses include Lowes, Putnam Lanes, Holiday Inn Express, Dollar General, Golden Corral, Sonny’s and Zaxby’s.
Attractive cap rate of 7.1%
Fully occupied with month-to-month tenants
Over three acres on Reid St with redevelopment potential
Centrally located within an hour of Jacksonville, Daytona Beach and St Augustine

Additional Details

Nearest MSA: Palatka
County: Putnam

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,206 16,854 24,963
Median Age: 38.92 36.21 38.75
Households: 450 6,381 9,569
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