JUST REDUCED! St. Cloud Block Duplex, 6th Street, Saint Cloud, FL 34769 Sold

  • $194,000
  • 4 beds
  • 2 baths
  • 1,600 sqft

Here is a concrete block duplex located in Saint Cloud. Each side has 2 bedrooms and 1 bathroom as well as a carport. Currently, both units are occupied with long term tenants that assist with maintaining the property. This property is located about 7 blocks from the beautiful Saint Cloud Lakefront and is close to schools, restaurants, and shopping. We recommend making cosmetic updates and increasing the rents to market rates which are $1000 – $1100 per month for similar size units, increasing the return on your investment to over 9% and if self managed to over 10%. Saint Cloud is experiencing a lot of updates and improvements throughout the city, which is always a good thing for property owners. With ease of access to Orlando and in high demand for rental properties, Saint Cloud remains a hot spot for investors. Don’t miss out on your opportunity to add this multifamily property to your portfolio.


Rehab:  $10,000 +/- for general updating


COMPS:

**1516 New York Ave, Saint Cloud, FL, 34769
$210,000
4 bed / 2 bath 1,755 sq ft      Sold 04/05/19
built 1973
**918 LOUISIANA AVE, SAINT CLOUD, FL 34769
$290,000
4 bed / 2 bath 1,625 sq ft
8 days on, rented for $1,100
**1606 INDIANA AVE, SAINT CLOUD, FL 34769
$255,000
4 bed / 2 bath 1,728 sq ft
no carports
Price:
$194,000
Address:
6th Street
Saint Cloud, Florida 34769
Square Feet:
1,600
Bedrooms:
4
Bathrooms:
2
Terms:
For Sale
Property Type:
Duplex
Year Built:
1981
Const. Type:
Block

Call 321-766-9338 for more details

Property Location