NOT LISTED FOR SALE

420 Alabama Ave Saint Cloud, FL 34769

Downtown Saint Cloud Neighborhood

Estimated Value: $383,000 - $418,000

4 Beds
2 Baths
1,788 Sq Ft
$223/Sq Ft Est. Value

Last Sold September 20, 2021

Last sale price $318,000 $178 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,577/month

11 Days on Market

Highlights

  • Waterfront Community
  • Water Access
  • No HOA
  • Public Boat Ramp
  • Fishing
  • 4-minute walk to O.P. Johnson Park

About This Home

As of September 2021

Excellent Investment Opportunity with excellent Long Term tenants ideally located within a few steps of the popular Multi-Million Dollar St Cloud Lakefront Recreational Park. This well maintained duplex of 2- 2 bed/ 1 bath units boasts one tenant who has been there since 2017 that pays a month ahead an under market rent of $1050 . Current lease expires in April 2022. Possible opportunity to increase current discounted rent at that time. Other tenant since Sept 2020 and lease expires September 2022 at $1250 a month. Property features oversized 150 ft treed lot with vehicular access lane in the rear ,appliances including one washer & both dryers ,12 yr old roof, a 6yr old A/C , 5 & 8 yr old water heaters and exterior storage closets. Owner's Storage Shed in back yard. Pictures of vacant unit is Unit#422 that were taken when it was remodeled and updated in Sept 2020 prior to the current tenant taking occupany. Other pictures are of unit# 420 remodeled a few years before. Purchase and enjoy an excellent and immediate income at a Cap Rate very close to 7%. Call Today!

Last Agent to Sell the Property

Keith Libby, Sr.

LIBBY REALTY, INC. License #575375 Listed on: 08/22/2021

Last Buyer's Agent

Khurram Bukhari

ROBERT SLACK LLC License #3415799

ROBERT SLACK LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,393

Year Built

  • Built in 1972

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x150

Parking

  • Driveway

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,788 Sq Ft Home
  • Sliding Doors
  • Fire and Smoke Detector
  • Range with Range Hood

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Laundry

  • Laundry closet
  • Dryer
  • Washer

Outdoor Features

  • Water Access

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Down Payment Assistance Available
  • Visit Down Payment Resource Website
  • Tenant pays for electricity, sewer, trash collection, water
  • Legal Lot and Block 4 / 386
  • Assessor Parcel Number 01-26-30-0001-0386-0040

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Lake Front Add Subdivision

Recreation

  • Public Boat Ramp
  • Boat Ramp
  • Waterfront Community
  • Community Playground
  • Fishing
  • Park

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,393

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1788
  • Lot Size Acres: 0.34
  • New Construction: No
  • Year Built: 1972
  • Lot Size Sq Ft: 14985
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/S5055370?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/S5055370?w=Customer
  • Unit Count: 1
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.90883
  • Price per Sq Ft: 177.85
  • Close to Original List Price Ratio: 0.90883
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Interior Amenities: Master Bedroom Main Floor
  • Appliances Included: Dryer, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Levels: One
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Fire Hydrant, Public, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Community Boat Ramp, Fishing, Park, Playground, Public Boat Ramp, Sidewalk, Water Access, Waterfront
  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No

Lot Info

  • Zoning: SR2
  • Parcel Number: 01-26-30-0001-0386-0040
  • Additional Parcels: No
  • Lot Dimensions: 100x150
  • Flood Zone Code: X

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Total Actual Rent: 2300
  • Lease Restrictions Y N: No
  • Additional Lease Restrictions: Leases restricted by City, County, State, and Federal regulations which buyers are solely responsible to investigate and accept.

Multi Family

  • Gross Income: 27600
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2393.3
  • Tax Block: 386
  • Tax Book Number: B-61-62
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2022
Sold by
Bukhari and Saima
Bought by
Tribecafreedom Llc
Current Estimated Value
$398,667

Purchase Details

Listed on
Aug 22, 2021
Closed on
Sep 20, 2021
Sold by
Libby Isaac
Bought by
Bukhari Khurram and Rafiq Saima
Seller's Agent
Keith Libby, Sr.
LIBBY REALTY, INC.
Buyer's Agent
Khurram Bukhari
ROBERT SLACK LLC
List Price
$349,900
Sold Price
$318,000
Premium/Discount to List
-$31,900
-9.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.33%

Purchase Details

Closed on
Jul 13, 2007
Sold by
Collins Beverly
Bought by
Libby Isaac M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,603
Interest Rate
6.52%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Tribecafreedom Llc -- None Listed On Document
Bukhari Khurram $318,000 Stewart Title Company
Libby Isaac M $187,500 Realty Advantage Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Libby Isaac M $184,603
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2021 09/20/21 Sold $318,000 -9.1% $178 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
08/21/2021 08/21/21 For Sale $349,900 -- $196 / Sq Ft
Source: Stellar MLS

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
2025 $6,028 $334,900 $72,800 $262,100
2024 $6,028 $337,300 $72,800 $264,500
2023 $5,978 $331,500 $62,400 $269,100
2022 $4,382 $242,700 $54,100 $188,600
2021 $2,631 $145,200 $40,000 $105,200
2020 $2,393 $129,100 $33,800 $95,300
2019 $2,208 $117,800 $31,500 $86,300
2018 $2,020 $105,900 $31,500 $74,400
2017 $1,984 $102,000 $31,500 $70,500
2016 $1,913 $97,500 $30,600 $66,900
2015 $1,847 $92,200 $30,600 $61,600
2014 $1,821 $90,400 $29,200 $61,200
Source: Public Records

Agents Affiliated with this Home

  • Keith Libby, Sr.

    Seller's Agent in 2021

    Keith Libby, Sr.

    LIBBY REALTY, INC.

    (407) 873-3324

    1 in this area

    59 Total Sales

    Keith Libby, Sr.
    Section Image

  • K

    Buyer's Agent in 2021

    Khurram Bukhari

    ROBERT SLACK LLC

    (754) 244-9698

    1 in this area

    16 Total Sales

    Khurram Bukhari
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: S5055370

Stellar MLS

APN: 01-26-30-0001-0386-0040

Florida Osceola County Saint Cloud 34769 Downtown Saint Cloud

420 Alabama Ave, Saint Cloud, FL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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