NOT LISTED FOR SALE
14 Beds
14 Baths
6,200 Sq Ft
1955 Built

Last Sold May 26, 2016

Last sale price $556,000 $90 Per Sq Ft

Highlights

  • Central Heating and Cooling System
  • 1-Story Property
  • 1-minute walk to Cameron Park

About This Home

As of May 2016

Riverside Palms Apartments- Numbers are in and 2014 Net Income was over $50,000. This is a great opportunity for investors to secure a well maintained, 100% occupied stellar performer currently trending at a 8.3% CAP rate! 14-unit consistent producer, including four one-bedroom and 10 spacious efficiencies, all with full kitchens. Most rents guaranteed by highly screened HUD or VA tenants, making management and collections that much easier.

Community was fully renovated in 2007 with new flooring, appliances, cabinets, renovated bathrooms, paint inside and out and landscaping. New roof (with transferrable warranty)in 2012. Current Lender loves the deal and is ready to offer a loan assumption for qualified Buyers, or originate a new loan.

Last Agent to Sell the Property

Simon Garwood

WARREN & COMPANY License #3180526 Listed on: 05/31/2016

Last Buyer's Agent

Simon Garwood

WARREN & COMPANY License #3180526 Listed on: 05/31/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Parking

  • Parking Lot

Interior Spaces

  • 6,200 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • 14 Units
  • Murray Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0641500000

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 1
  • Year Built: 1955
  • Road Surface Type: Asphalt
  • Subdivision Name: Murray Hill
  • General Property Information Living Area2: 6200.0
  • General Property Information Waterfront YN: No
  • General Property Information List PriceSqFt2: 98.39
  • Cooling Central Air: Yes
  • General Property Information Stories Total: 1
  • General Property Information Number Of Units Total2: 14.0
  • Owner Pays:Sewer2: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Owner Pays: Electricity, Sewer, Water
  • Full Bathrooms: 14
  • Total Bedrooms: 14
  • Living Area: 6200.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront: No
  • Pool Features: None

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot
  • Parking Features:Parking Lot: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Heating:Central: Yes

Lot Info

  • Parcel #: 0641500000

Multi Family

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2023 12/17/23 Off Market $556,000 -- --
05/31/2016 05/31/16 For Sale $655,000 +17.8% $106 / Sq Ft
05/26/2016 05/26/16 Sold $556,000 -- $90 / Sq Ft
03/03/2016 03/03/16 Pending -- -- --
Source: realMLS (Northeast Florida Multiple Listing Service)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2026 $15,127 $831,800 $291,595 $540,205
2025 $13,694 $826,000 $279,043 $546,957
2024 $13,270 $810,200 $180,075 $630,125
2023 $13,270 $848,600 $151,263 $697,337
2022 $11,578 $807,700 $151,263 $656,437
2021 $10,407 $653,700 $93,639 $560,061
2020 $9,717 $621,300 $93,639 $527,661
2019 $9,178 $592,000 $122,451 $469,549
2018 $7,597 $401,000 $54,022 $346,978
2017 $7,908 $413,500 $54,022 $359,478
2016 $6,065 $406,500 $0 $0
2015 $4,826 $251,400 $0 $0
2014 $4,302 $205,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: realMLS (Northeast Florida Multiple Listing Service)

MLS Number: 730575

realMLS (Northeast Florida Multiple Listing Service)