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Listing Details

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MLS #
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Built
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School Ratings & Info

School District

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: 2021-08-05T16:53:43.8.
www.compassrealtysales.com/homes/117353611
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640 6th St Cedar Key, FL 32625

  • Price: $585,000
  • Status: Active
  • Updated: 49 min ago
  • MLS #: 782070
8
Beds
6
Baths
0
½ Baths
0.14
Acres
3,735
SQFT
$157
$/SQFT
1930
Built
Neighborhood:
Cedar Key
County:
Levy
Area:
Cedar Key
School District:
Levy
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 Wood Siding Construction Type Frame Driveway None Exterior Design 2+ Story Exterior Features BalconyCovered DeckCovered PorchSeparate Entrance Apt Foundation Crawl SpacePillar/Post/Pier Landscaping Partially LandscapedNative Vegetation Lot Description Rectangular Parking Open Parking Pool No Pool Type None Road Type City Street Roof Metal Topography Flat Waterfront No

Interior Features

Ceilings FlatStandard Equipment Appliances RefrigeratorCook Top - ElectricMicrowave Fireplace None Flooring Wood Heating Central Cool-ElectricCentral Heat - ElectricHeat Pump Interior Features Family RoomLaundry Tub Master Bath Combo Tub & Shower Master Bedroom 1 Master SuiteMaster Main FloorMaster Upstairs Windows Doors Dual Pane Windows

Property Features

Distressed Property Not Applicable Homestead No Monthly Assoc Dues 0.00 Possession Close Of Escrow Property Tax Year 2020 Property Type Detached Single Family (Not Mh) Section 32 Sewer Type Public Sewer Special Information Seller Property DisclosureIncome Producing Tax Amount 6189.58 Terms Available CashConventional Township 15 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: 2021-08-05T16:53:43.8.
 
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Compass Realty of North Florida
130 Main Street ( PO Box 154)
Horseshoe Beach FL, 32648