$460,000
$499,950
8.0%For more information regarding the value of a property, please contact us for a free consultation.
681 RAINER RD #3 Baldwin, FL 32234
16 Beds
16 Baths
6,400 SqFt
Key Details
Sold Price $460,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,400 sqft
Price per Sqft $71
Subdivision Baldwin
MLS Listing ID 1049299
Sold Date 11/15/21
Bedrooms 16
Full Baths 8
Half Baths 8
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 1980
Lot Dimensions 205 x 420
Property Description
VERY UNIQUE OPPORTUNITY TO ADD VALUE, Increase Cash Flow and experience significant ROI with the purchase of this multi family property. Property includes two Quad Plexes. There are also seven mobile homes on property that must be removed. May be possible to add new mobile homes or build additional duplex / quadplex to significantly increase cash flow. Please see pro forma under documents section for current and projected financial performance. Both quad plexes have been nearly 100% occupied since current owner purchased. With some additional investment, property rents for all units could be increased. Truly an opportunity to purchase a property at discount that has the potential to be a marquee investment.
Location
State FL
County Duval
Community Baldwin
Area 081-Marietta/Whitehouse/Baldwin/Garden St
Direction I-10 W. to right on to US 301 North. Turn right on W. Beaver Street. Turn Right on to Yellow Water Road then right on Rainer Road.
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Parking Lot, Unassigned
Pool None
Roof Type Metal
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 0006490000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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