$750,000

712 Florida Avenue

SAINT CLOUD FL, 34769

Description

MULTI-FAMILY INCOME PROPERTY located within short walking distance from Historic Downtown Saint Cloud. Only 7 blocks from lakefront with restaurant and public beach. The downtown is currently being master planned and re-designed. There are new restaurants opening in 2020 and a 3-star boutique St Cloud Hotel getting started. St Cloud has only limited amount of apartments available within downtown area There are only limited amount of apartments within the vicinity of downtown St Cloud, therefore the opportunity for an investor to take this historic building and make it into a JEWEL. Property is also located within recently established OPPORTUNITY ZONE. GREAT INCOME PROPERTY. This historic gem used to be one of the first hotels in Saint Cloud. Property has a new roof (2017 Main Building & 2019 Side Building), updated stairs and balcony, it gets regularly inspected and sprayed. This property is zoning may allow one additional unit to be added bringing the apartment count to 9 total. CASH FLOW PROPERTY!

Details

MLS#S5019235
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1924
Days On Site226

Features

SQ Feet7,434
Story(s)1
Units8
ZoningSR2

Market Activity 34769

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Area Information

StateFL
CountyOsceola
CitySAINT CLOUD
Zip Code34769
Area34769 - St Cloud (City of St Cloud)
Listing VS Median (in 34769)
Price:
$750,000
low | high
Med:
$201,500
100% of Average
SqFt:
7,434
low | high
Med:
1,493
100% of Average
$ / SqFt:
$101
low | high
Med:
$142
9.116581956317% of Average
On Site:
226
low | high
Med:
28.500000
100% of Average
Listing Updated: 01/22/2020
MLS Number: S5019235
Listing Provided By:
Margus Mahar  of  DYNAMIC REALTY LLC

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