NOT LISTED FOR SALE

712 Florida Ave Saint Cloud, FL 34769

Downtown Saint Cloud Neighborhood
1 Bed
1 Bath
6,712 Sq Ft
0.26 Acres

Last Sold February 28, 2020

Last sale price $650,000 $97 Per Sq Ft

97 Days on Market

Highlights

  • Access To Lake
  • The property is located in a historic district
  • No HOA
  • Public Beach
  • Property is near public transit
  • Balcony

About This Home

As of February 2020

REDUCED MULTI-FAMILY INCOME PROPERTY located within short walking distance from Historic Downtown Saint Cloud. Only 7 blocks from lakefront with restaurant and public beach. The downtown is currently being master planned and re-designed. There are new restaurants opening in 2020 and a 3-star boutique St Cloud Hotel getting started. St Cloud has only limited amount of apartments available within downtown area There are only limited amount of apartments within the vicinity of downtown St Cloud, therefore the opportunity for an investor to take this historic building and make it into a JEWEL. Property is also located within recently established OPPORTUNITY ZONE. GREAT INCOME PROPERTY. This historic gem used to be one of the first hotels in Saint Cloud. Property has a new roof (2017 Main Building & 2019 Side Building), updated stairs and balcony, it gets regularly inspected and sprayed. This property is zoning may allow one additional unit to be added bringing the apartment count to 9 total. CASH FLOW PROPERTY!

Last Agent to Sell the Property

Margus Mahar

RE/MAX INNOVATION License #3265719 Listed on: 11/03/2019

RE/MAX INNOVATION

Last Buyer's Agent

Jason Bobbitt

REALTY HUB License #3173561

REALTY HUB

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,880

Year Built

  • Built in 1924

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75x150
  • Public Beach

Parking

  • On-Street Parking

Home Design

  • 6,712 Sq Ft Home
  • Wood Frame Construction
  • Shingle Roof
  • Siding
  • Pile Dwellings

Flooring

  • Carpet
  • Laminate

Outdoor Features

  • Access To Lake
  • Balcony

Location

  • Property is near public transit
  • The property is located in a historic district
  • City Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • 7,434 Sq Ft Building
  • St Cloud Subdivision

Pet Policy

  • No Pets Allowed

Building Details

  • Gross Income $86,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,880

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Multi-Family
  • Construction Materials: Siding, Wood Frame
  • Fireplace: No
  • Living Area: 6712
  • Lot Size Acres: 0.26
  • New Construction: No
  • Year Built: 1924
  • Building Area Total: 7434
  • Lease Term: 12 Months
  • Lot Size Sq Ft: 11238
  • Tenant Pays: Electricity
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/S5025859?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/S5025859?w=Customer
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Call Center Phone Number: 321-388-6856
  • Ratio: Close Price\List Price: 0.92857
  • Price per Sq Ft: 96.84
  • Close to Original List Price Ratio: 0.86667
  • Ratio: Current Price\Building Area Total: 87.44
  • View: No
  • Ownership: Corporation
  • ResoBuildingAreaSource: Owner
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Laminate
  • Foundation Details: Stilt/On Piling
  • Number Of Buildings: 2
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Balcony
  • Roof: Shingle
  • Pool Private: No
  • Water Body Name: East Lake Tohopekaliga
  • Waterfront: No
  • Road Surface Type: Paved
  • Water Access: Beach - Public, Lake
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Disclosures: Lead Paint

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Curb Parking, None
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Street Lights, Water Available
  • Cooling: Wall/Window Unit(s)
  • Heating: Electric, Propane, Wall Units / Window Unit
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Sidewalk
  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: SR2
  • Parcel Number: 01-26-30-0001-0070-0040
  • Additional Parcels: No
  • Lot Features: Historic District, City Lot, Near Public Transit, Sidewalk
  • Lot Dimensions: 75x150
  • Flood Zone Code: X
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No
  • Total Actual Rent: 7200

Multi Family

  • Gross Income: 86400
  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 4880
  • Tax Block: 70
  • Tax Book Number: B-34
  • Tax Lot: 4

Range of Values:

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Value Increase
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Percent Increase
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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
02/28/2020 02/28/20 Sold $650,000 -7.1% $97 / Sq Ft
02/08/2020 02/08/20 Pending -- -- --
01/29/2020 01/29/20 Price Changed $700,000 -6.7% $104 / Sq Ft
11/03/2019 11/03/19 For Sale $750,000 -- $112 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Margus Mahar

    Seller's Agent in 2020

    Margus Mahar

    RE/MAX

    (321) 388-6856

    26 Total Sales

    Margus Mahar
    Section Image

  • J

    Buyer's Agent in 2020

    Jason Bobbitt

    REALTY HUB

    (407) 761-8727

    3 in this area

    14 Total Sales

    Jason Bobbitt
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: S5025859

Stellar MLS
Florida Osceola County Saint Cloud 34769 Downtown Saint Cloud

712 Florida Ave, Saint Cloud, FL

Not Listed for Sale

MultiFamily

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

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