11651 71St Terrace Rd, Belleview, FL 34420

5 Unit Apartment Building | $599,999 ($120,000/Unit) | 6% Cap Rate | Belleview, FL 34420

Asking Price $599,999

Property Type: Multifamily
Square Feet: 3,994 SF

Listing Contacts

Erin Freel

Property Overview

Great investment opportunity includes two rental properties being sold together. The first is a quadplex that has four 2-bedroom, 1-bath units, and the second parcel has an additional single stand-alone 2-bedroom, 1-bath unit (with garage) on the adjoining parcel for a total of 5 rental opportunities. Units #1 - #4 are rented at $715 ea. The single-family unit is rented at $850. The units are located on the southside of Belleview, not far from 441. New roof on both buildings in April of 2020. New AC systems in all units (March 2023) and two new water heaters in units 2 and 3 (October 2023). A new well pump was installed in 2023. The price is firm and both units are being sold together. Potential buyers are welcome to drive by the two parcels. Inside showing will only be scheduled after the property is under contract during the due diligence phase and proof of funds have been provided.
The quadplex address is 11651 SE 71ST TERRACE Road, Belleview and the parcel ID is 3924-000-014
The single unit address is 11649 SE 71ST TERRACE Road, Belleview and the parcel ID is 3924-000-016

Property Details

Class: C
Year Built: 1979
Stories: 1
Lot Size (sq. ft): 30,492 SF
Units: 5

Highlights

100% Occupancy
5 Units in 2 buildings
Close to 441 in Belleview

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