Seller's Agent in 2016
Simon Garwood
WARREN & COMPANY
(904) 673-8622
4 in this area
27 Total Sales
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
WARREN & COMPANY License #3180526 Listed on: 05/31/2016
| 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 | -- | -- | -- |
| 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 |
Seller's Agent in 2016
Simon Garwood
WARREN & COMPANY
(904) 673-8622
4 in this area
27 Total Sales
Source: realMLS (Northeast Florida Multiple Listing Service)
MLS Number: 730575