$1,300,000
$1,650,000
21.2%For more information regarding the value of a property, please contact us for a free consultation.
4,400 SqFt
SOLD DATE : 08/21/2024
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $295
Subdivision South Florida Railroad Companys Town Of Kissimmee
MLS Listing ID O6216855
Sold Date 08/21/24
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1900
Annual Tax Amount $9,639
Lot Size 0.340 Acres
Acres 0.34
Property Description
Exceptional Investment Opportunity in Downtown Kissimmee!
This fully occupied, turn-key multifamily property, appraised at $1.950 million, offers a rare investment opportunity. Located in the heart of the rapidly growing Downtown Kissimmee, this property includes a renovated triplex and five apartment units, with ample space for further development.
Both buildings have been updated from top to bottom, including new roofs (2022), new AC split units, new windows, and upgraded kitchens with granite countertops and new appliances.
Just steps away from new restaurants and stores, the area provides the vitality and convenience to enhance your quality of life and maximize ROI.
Excellent tenants have recently started leases at market rates, ensuring a stable income stream.
Additional Development Potential: The triplex features new exterior siding and potential to add an efficiency unit. The five-unit apartment building includes a laundry room with a commercial washer and dryer. There's also enough space to build another multifamily triplex or quadplex in the spacious backyard. (Also Zoned for Commercial)
This property combines modern amenities with future growth potential, making it an ideal choice for investors. Don't miss out on this unique opportunity in a thriving community.
Location
State FL
County Osceola
Community South Florida Railroad Companys Town Of Kissimmee
Zoning KB3
Interior
Interior Features Other
Heating Other
Cooling Other
Fireplace false
Laundry Other
Exterior
Exterior Feature Other
Utilities Available Other
Roof Type Other
Garage false
Private Pool No
Building
Foundation Other
Lot Size Range 1/4 to less than 1/2
Sewer Other
Water Public
Structure Type Other
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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