NOT LISTED FOR SALE
-- Beds
-- Baths
7,692 Sq Ft
1.22 Acre Lot

Sale Details

Date Sold: August 13, 2021

Last sale price $460,000 $60 Per Sq Ft

39 Days on Market

Highlights

  • 1.22 Acre Lot
  • Tile Flooring
  • Heating System Mounted To A Wall or Window
  • No HOA

About This Home

As of August 2021

INVESTMENT OPPORTUNITY with B4 Zoning! Three Quads, total of 12 Units, being sold as package deal. Eleven units are currently rented at $650/month for a total gross rental income of $7,150 per month, twelfth unit will be rentable after repairs are made adding an additional $650 per month. Total Annual Gross of $93,600 for twelve units. All units are efficiencies, owner pays for garbage and sewer, tenants pay for electric and cable. But there's more, property has approximately 100' of frontage on Jacksonville road with potential to add another Quad or Building for additional income. Property being sold AS IS.

Last Agent to Sell the Property

Kim Costa

BERKSHIRE HATHAWAY HS FLORIDA License #3489903 Listed on: 05/27/2021

BERKSHIRE HATHAWAY HS FLORIDA

Last Buyer's Agent

Nolan Galloway

GUS GALLOWAY REALTY INC License #3057213

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,869

Year Built

  • Built in 1983

Lot Details

  • 1.22 Acre Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 7,692 Sq Ft Home
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 12 Units
  • 5,940 Sq Ft Building
  • 9917 Jacksonville Road/North Magnolia Subdivision

Building Details

  • Gross Income $85,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,869

Year Built

Built in 1983

Lot Details

1.22 Acres

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 7692
  • Lot Size Acres: 1.22
  • New Construction: No
  • Year Built: 1983
  • Building Area Total: 5940
  • Lot Size Sq Ft: 53143
  • Status: Sold
  • Street Direction: NE
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM620945?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/OM620945?w=Customer
  • Unit Count: 1
  • Total Acreage: 1 to less than 2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.65714
  • Price per Sq Ft: 59.8
  • Close to Original List Price Ratio: 0.65714
  • Ratio: Current Price\Building Area Total: 77.44
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Foundation Details: Slab
  • Levels: One
  • Spa Yn: No
  • Number Of Buildings: 3

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Gravel, Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12083C0509E

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Public, Sewer Connected, Water Available, Water Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: B4
  • Parcel Number: 24850-000-00
  • Additional Parcels: No
  • Flood Zone Code: X
  • Flood Zone Date: 2017-04-19

Rental Info

  • Total Actual Rent: 7150

Multi Family

  • Gross Income: 85800
  • Number Of Units Total: 12

Tax Info

  • Tax Annual Amount: 4869
  • Tax Block: 00
  • Tax Book Number: 0
  • Tax Lot: 000

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2021
Closed on
Aug 13, 2021
Sold by
Wetherington Margaret Hand and Wetherington Margaret J
Bought by
Seller's Agent
Kim Costa
BERKSHIRE HATHAWAY HS FLORIDA
Buyer's Agent
Nolan Galloway
GUS GALLOWAY REALTY INC
List Price
$700,000
Sold Price
$460,000
Premium/Discount to List
-$240,000
-34.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
18%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$460,000 Marion Lake Sumter Title Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $110,000
Closed Marion Rentals Llc $120,000
Closed Marion Rentals Llc $50,000
Closed Marion Rentals Llc $20,000
Closed Marion Rentals Llc $35,000
Closed Marion Rentals Llc $175,000
Closed Marion Rentals Llc $225,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/13/2021 08/13/21 Sold $460,000 -34.3% $60 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
06/28/2021 06/28/21 For Sale $700,000 0.0% $91 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $700,000 0.0% $91 / Sq Ft
05/30/2021 05/30/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $700,000 -- $91 / Sq Ft
Source: Stellar MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,098 $422,716
2024 $10,563 $384,287
2023 $10,563 $349,352
2022 $7,397 $317,593 $79,715 $237,878
2021 $6,834 $305,415 $0 $0
2020 $4,869 $293,034 $79,715 $213,319
2019 $4,970 $304,680 $90,692 $213,988
2018 $4,728 $295,095 $90,692 $204,403
2017 $4,719 $290,122 $90,692 $199,430
2016 $4,643 $282,520 $0 $0
2015 $5,531 $325,202 $0 $0
2014 $5,004 $316,968 $0 $0
Source: Public Records

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Map

Source: Stellar MLS

MLS Number: OM620945

Stellar MLS
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