$3,700,000
$3,900,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
10,515 SqFt
SOLD DATE : 07/28/2021
Key Details
Sold Price $3,700,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,515 sqft
Price per Sqft $351
Subdivision Gulfridge 1St Add
MLS Listing ID C7437591
Sold Date 07/28/21
Construction Status Inspections,Other Contract Contingencies,Pending 3rd Party Appro
HOA Y/N No
Originating Board Stellar MLS
Year Built 2007
Annual Tax Amount $59,460
Lot Size 0.430 Acres
Acres 0.43
Lot Dimensions 50x405
Property Description
*UNDER CONTRACT.....CONTRACT CONTINGENT UPON BANKRUPTCY COURT APPROVAL*......GREAT INVESTMENT on the Gulf of Mexico! Turnkey, income-producing, 5 units AND beach house. Private BEACH and STUNNING VIEWS of the Gulf of Mexico. One building has five condo units and the other building is a single family home. Four condo units offer 3 Bedrooms, 2 Bathrooms with private balconies overlooking the beach and the water. Two of the condos are 1808 SF and two of the condos are 1608 SF. There is also a 1492 SF 2 Bedroom, 2 Bathroom two story condo. The second building is a 1728 SF 3 Bedroom, 2.5 Bathroom single family beach house. Building style is modern contemporary. Construction is block and stucco with metal roof. The units were built in 2007 and the SFH was built in 1977. Each unit has two under building parking spaces. Gross income on condos and townhouse: $279,000 per year. Gross income on the beach house is $97,000 per year. Rentals are weekly, monthly and seasonal. A full set of condo documents would convey with the property. Features include: elevator to each unit, impact glass, 10 foot ceilings, central vacuums, fire sprinkler system, separate storage rooms, wood cabinets in kitchen, granite counters, breakfast bar, jetted tub, separate shower and dual sinks in master bathrooms, walk in shower in guest bathroom, crown molding, window treatments, quality furnishings professionally staged, central A/C and heat, intercoms, laundry rooms with stacked washer/dryer, tile flooring. Kitchen appliances include: microwave, range, dishwasher, refrigerator. Excellent income producing rental properties in a premium location!
Location
State FL
County Charlotte
Community Gulfridge 1St Add
Zoning MMF7.5
Rooms
Other Rooms Inside Utility, Storage Rooms
Interior
Interior Features Ceiling Fans(s), Central Vaccum, Crown Molding, Eat-in Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Tile
Furnishings Furnished
Fireplace false
Appliance Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Laundry Inside, Laundry Closet
Exterior
Exterior Feature Balcony, Lighting, Sliding Doors, Storage
Garage Assigned, Covered, Guest, Open, Oversized, Parking Pad, Under Building
Community Features Water Access, Waterfront
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Public, Street Lights
Amenities Available Elevator(s)
Waterfront true
Waterfront Description Beach - Private, Gulf/Ocean
View Y/N 1
Water Access 1
Water Access Desc Beach - Private,Gulf/Ocean
View Water
Roof Type Metal, Shingle
Porch Covered, Deck, Patio, Porch, Screened
Parking Type Assigned, Covered, Guest, Open, Oversized, Parking Pad, Under Building
Attached Garage false
Garage false
Private Pool No
Building
Lot Description FloodZone, In County, Paved
Entry Level Two
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block, Stucco
New Construction false
Construction Status Inspections,Other Contract Contingencies,Pending 3rd Party Appro
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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