NOT LISTED FOR SALE
-- Bed
-- Bath
5,670 Sq Ft
30,056 Sq Ft Lot

Last Sold September 09, 2019

Last sale price $525,000 $93 Per Sq Ft

94 Days on Market

Highlights

  • Community Boat Facilities
  • Contemporary Architecture
  • No HOA
  • 0.69 Acre Lot
  • Corner Lot
  • Double Pane Windows

About This Home

As of September 2019

Well maintained 7 unit multifamily rental property in prime Downtown location. Several tenants over 4 years. %100 occupied, with a waiting list due to proximity to Medical Complex, Schools & Downtown. Numerous capital improvements shown on attachment. Off street parking in rear of building. Re-roof 2010, all A/C's replaced between 2011-2016, new windows 2016. %8.2 CAP RATE

Last Agent to Sell the Property

Brad Gibbs

Coldwell Banker Investors Realty License #3181054 Listed on: 05/08/2019

Coldwell Banker Investors Realty

Last Buyer's Agent

Tomika Spires-Hanssen

Keller Williams Realty - Elite Partners II License #696338

Keller Williams Realty - Elite Partners II

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,444

Year Built

  • Built in 1982

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 200x150
  • Property fronts a county road
  • Corner Lot
  • Rectangular Lot
  • Level Lot

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Shingle Roof
  • Ridge Vents on the Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 5,670 Sq Ft Home
  • Double Pane Windows
  • Fire and Smoke Detector
  • Laundry in unit

Kitchen

  • Electric Cooktop
  • Laminate Countertops

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • Common or Shared Parking
  • Driveway
  • Paved Parking

Outdoor Features

  • Exterior Lighting

Schools

  • Inverness Primary Elementary School
  • Inverness Middle School
  • Citrus High School

Utilities

  • Central Heating and Cooling System
  • 200+ Amp Service

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • City Of Inverness Subdivision

Amenities

  • Shops
  • Restaurant

Recreation

  • Community Boat Facilities
  • Park
  • Trails

Building Details

  • Operating Expense $19,089
  • Gross Income $64,020
  • Net Operating Income $44,931

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,444

Year Built

Built in 1982

Lot Details

0.69 Acres

Listing Details

  • Architectural Style: Contemporary
  • CapRate: 0.09
  • Directions: Hwy 44 to Citrus, N to corner of Tompkins/Citrus.
  • Lot Size Acres: 0.69
  • Lot Size: 200x150
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: City of Inverness
  • Year Built: 1982
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Cooktop, Refrigerator
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Laminate Counters, First Floor Entry
  • Living Area: 5670.0
  • Window Features: Double Pane Windows

Exterior Features

  • Construction Type: Stucco
  • Exterior Features: Lighting, Paved Driveway
  • Foundation Details: Block
  • Lot Features: Corner Lot, Flat, Rectangular
  • Pool Features: None
  • Roof: Asphalt, Shingle, Ridge Vents
  • Waterfront: No

Garage/Parking

  • Parking Features: Common, Driveway, Paved

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Electric: 200+ Amp Service
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Laundry - Living Area
  • Security: Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Boat Facilities, Park, Restaurant, Shopping, Trails/Paths

Schools

  • Elementary School: Inverness Primary
  • High School: Citrus
  • Middle Or Junior School: Inverness

Lot Info

  • Lot Size Sq Ft: 30000.0
  • Zoning: RO
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 64020.0
  • Property Net Operating Income: 44931.0
  • Number Of Units Total: 7
  • Annual Operating Expense: 19089.0

Tax Info

  • Tax Annual Amount: 6444.0
  • Tax Year: 2018
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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 Prior Sale
09/09/2019 09/09/19 Sold $525,000 -8.7% $93 / Sq Ft
08/10/2019 08/10/19 Pending -- -- --
05/08/2019 05/08/19 For Sale $575,000 +109.1% $101 / Sq Ft
03/22/2013 03/22/13 Sold $275,000 -8.3% $49 / Sq Ft View Prior Sale
02/20/2013 02/20/13 Pending -- -- --
10/26/2012 10/26/12 For Sale $299,900 -- $53 / Sq Ft
Source: REALTORS® Association of Citrus County

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 $10,576 $640,480 $71,400 $569,080
2024 $9,813 $554,540 $71,400 $483,140
2023 $9,813 $520,270 $71,400 $448,870
2022 $8,242 $386,570 $71,400 $315,170
2021 $7,496 $358,250 $71,400 $286,850
2020 $6,848 $313,810 $71,400 $242,410
2019 $6,348 $284,310 $71,400 $212,910
2018 $6,445 $283,940 $71,400 $212,540
2017 $5,895 $257,920 $71,400 $186,520
2016 $5,922 $258,140 $71,400 $186,740
2015 $5,841 $255,660 $71,400 $184,260
2014 $6,130 $256,221 $60,143 $196,078
Source: Public Records

Agents Affiliated with this Home

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Source: REALTORS® Association of Citrus County

MLS Number: 782896

REALTORS® Association of Citrus County
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