5 Unit Multifamily | 1154 NE 1st St
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5 Unit Multifamily 1154 NE 1st St
5 Unit Block of Flats £469,470 (£93,894/Unit) 6.41% Net Initial Yield Crystal River, FL 34429
Investment Highlights
- Great location near all amenities.
- R2 Zoning - Three additional units can develop.
- Fully Tenant Occupied
Executive Summary
Fully Tenanted Multifamily Gem in Crystal River, FL. An exceptional investment opportunity awaits in the heart of Crystal River, FL. This multifamily property boasts five fully tenanted units across two buildings, providing a steady income stream from day one.
Property Features:
Building 1 comprises three units, while Building 2 encompasses two units, all featuring spacious 2 bedrooms and 1 bathroom layouts.
Situated in the vibrant Crystal River area, known for its serene landscapes and proximity to key amenities, schools, and entertainment options.
R2 zoning offers the potential to expand further, allowing the construction of three additional units, providing increased income potential for savvy investors. Tenant Occupied: Currently, all units are occupied, ensuring immediate and consistent cash flow for the discerning investor.
Property Features:
Building 1 comprises three units, while Building 2 encompasses two units, all featuring spacious 2 bedrooms and 1 bathroom layouts.
Situated in the vibrant Crystal River area, known for its serene landscapes and proximity to key amenities, schools, and entertainment options.
R2 zoning offers the potential to expand further, allowing the construction of three additional units, providing increased income potential for savvy investors. Tenant Occupied: Currently, all units are occupied, ensuring immediate and consistent cash flow for the discerning investor.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£45,773
|
£12.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£45,773
|
£12.89
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£14,784
|
£4.16
|
| Net Operating Income |
£30,990
|
£8.72
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £45,773 |
| Annual Per SF | £12.89 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £45,773 |
| Annual Per SF | £12.89 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £14,784 |
| Annual Per SF | £4.16 |
| Net Operating Income | |
|---|---|
| Annual | £30,990 |
| Annual Per SF | £8.72 |
Property Facts
| Price | £469,470 | Apartment Style | Townhome |
| Price Per Unit | £93,894 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.04 AC |
| Net Initial Yield | 6.41% | Building Size | 3,552 SF |
| Sale Conditions | Shell & Core | Average Occupancy | 100% |
| No. Units | 5 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1971 |
| Property Subtype | Apartment |
| Price | £469,470 |
| Price Per Unit | £93,894 |
| Sale Type | Investment |
| Net Initial Yield | 6.41% |
| Sale Conditions | Shell & Core |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.04 AC |
| Building Size | 3,552 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1971 |
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 5 | £762.89 | - |
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PROPERTY TAXES
| Parcel Number | 17E-18S-22-0030-00000-0185 | Improvements Assessment | £181,857 |
| Land Assessment | £16,964 | Total Assessment | £198,821 |
PROPERTY TAXES
Parcel Number
17E-18S-22-0030-00000-0185
Land Assessment
£16,964
Improvements Assessment
£181,857
Total Assessment
£198,821
zoning
| Zoning Code | R1, R2 |
| R1, R2 |
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5 Unit Multifamily | 1154 NE 1st St
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