46 N Fairfax Ave - Multi-Family FOR SALE


Winter Springs, FL 32708
$837,000 USD
407-758-3166
46 N Fairfax Ave, Winter Springs, FL for Sale
$837,000 USD
Multi-Family - FOR SALE
1/17
null | 7.53% Cap Rate

46 N Fairfax Ave
Winter Springs, FL 32708


HIGHLIGHTS

  • 2020 Roof
  • 2020 AC units
  • Individually Metered

OVERVIEW

Great investment opportunity in Central Florida—4-unit quadplex with each unit featuring 2 bedrooms, 1 full bath, and 1 half bath. Washe/Dryer hookups in every unit. Currently, one unit is rented at $1,450/month, while three units are vacant, offering room to increase rental income to the market rate of $1,600 per unit. Recent updates include a new roof (2020), new AC units (2020), new water heaters, and fresh paint in three units. Tenants pay their own water and electric utilities, with separate meters for each unit. This turn-key property provides a strong foundation for investors to add value and grow rental income. Currently the owner pays $7,000 annually for insurance.

FOR SALE DETAILS

PRICE

$837,000 USD

PRICE/SF

$199 USD /SF

# OF UNITS

4

PRICE/UNIT

$209,250

CAP RATE

7.53%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 unit Quadplex multifamily Central Florida

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R-3

APN/PARCEL ID

34-20-30-507-1800-0020

ASK ABOUT THIS PROPERTY

Matt WhiteSloane Realty, LLC / Matthew WhiteMore Info
407-758-3166

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Matt WhiteSloane Realty, LLC / Matthew WhiteMore Info
407-758-3166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.