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640 6th St

Cedar Key, FL 32625
  • $585,000
  • STATUS: Active
  • ON SITE: 76 days
  • MLS #: 782069
UPDATED: 60 min ago
$585,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,916
    SQFT
  • $119
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1930
County:
Area:

School Ratings & Info

Description

Want to live on an island and own your own business, too? Here's your chance! This historic building, completely renovated in 2013-14, with six rental units is the answer for you! Sitting on high ground in historic Cedar Key, Florida, this apartment building is currently chock full with tenants in long-term rental agreements! All units pay their own utilities, and current annual income from the six leases is $59,400, with an approximate net income of $49,000 after all expenses. Located right downtown, this building's extensive renovations included a new 26-gauge metal roof, plumbing, electrical, central heat and air, interior finishes, floor coverings, cabinetry and appliances. Six rental units include: One--2-Bed, 2 Bath; Two--2-Bed, 1 Bath; Two--1-Bed, 1 Bath; OneStudio. Choose yours, collect rent on five others, and spend your days playing on the Gulf of Mexico! Take a look right awayyou're not the only one who wants an easy island life!

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© 2021 Dixie Gilchrist-Levy Counties Board of Realtors® MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass Realty of North Florida. Data last updated: 2021-08-03T17:53:44.04.
www.compassrealtysales.com/homes/117352576
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640 6th St Cedar Key, FL 32625

  • Price: $585,000
  • Status: Active
  • Updated: 60 min ago
  • MLS #: 782069
0
Beds
0
Baths
0
½ Baths
0.14
Acres
4,916
SQFT
$119
$/SQFT
1930
Built
Neighborhood:
Cedar Key
County:
Levy
Area:
Cedar Key
Property Description
Want to live on an island and own your own business, too? Here's your chance! This historic building, completely renovated in 2013-14, with six rental units is the answer for you! Sitting on high ground in historic Cedar Key, Florida, this apartment building is currently chock full with tenants in long-term rental agreements! All units pay their own utilities, and current annual income from the six leases is $59,400, with an approximate net income of $49,000 after all expenses. Located right downtown, this building's extensive renovations included a new 26-gauge metal roof, plumbing, electrical, central heat and air, interior finishes, floor coverings, cabinetry and appliances. Six rental units include: One--2-Bed, 2 Bath; Two--2-Bed, 1 Bath; Two--1-Bed, 1 Bath; OneStudio. Choose yours, collect rent on five others, and spend your days playing on the Gulf of Mexico! Take a look right awayyou're not the only one who wants an easy island life!
Exterior Features

Construction Frame Driveway None Fencing None Irrigation None Landscaping Partially LandscapedNative Vegetation Parking Open ParkingOther Road Type City Street Roof Metal Topography Flat Waterfront No

Interior Features

Apx Net Leasable Space 3735 Building Stories 2 Ceiling Height Varies Ceiling Type Standard Cooling Multiple Units Foundation Crawl Space Heating Multiple Units

Property Features

Current Use Apartments Distressed Property Not Applicable Fire Sprinklers None Monthly Assoc Dues 0.00 Other Features None Possession Close Of Escrow Property Tax Year 2020 Section 32 Sewer Type Public Sewer Special Information Income ProducingSeller Property Disclosure Tax Amount 6189.58 Terms Available ConventionalCash Township 15 Type Property Apartments Voltage 220 Water Sources Public

Listing information © 2021 Dixie Gilchrist-Levy Counties Board of Realtors® MLS.
Listing provided courtesy of Cedar Key Realty, Inc..



© 2021 Dixie Gilchrist-Levy Counties Board of Realtors® MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass Realty of North Florida. Data last updated: 2021-08-03T17:53:44.04.
 
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Compass Realty of North Florida
130 Main Street ( PO Box 154)
Horseshoe Beach FL, 32648