Belleview Apartments | 11651 SE 71st Terrace Rd
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Belleview Apartments 11651 SE 71st Terrace Rd
5 Unit Block of Flats £435,782 (£87,156/Unit) 4.80% Net Initial Yield Belleview, FL 34420
Investment Highlights
- 100% Occupancy
- Close to 441 in Belleview
- 5 Units in 2 buildings
Executive Summary
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
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 Facts Under Contract
| Price | £435,782 | Apartment Style | Low Rise |
| Price Per Unit | £87,156 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.70 AC |
| Net Initial Yield | 4.80% | Building Size | 3,994 SF |
| Sale Conditions | Portfolio Sale | Average Occupancy | 100% |
| No. Units | 5 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Price | £435,782 |
| Price Per Unit | £87,156 |
| Sale Type | Investment |
| Net Initial Yield | 4.80% |
| Sale Conditions | Portfolio Sale |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 3,994 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1979 |
| Parking Ratio | 2.5/1,000 SF |
Unit Amenities
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 5+5 | 5 | £566.52 | - |
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PROPERTY TAXES
| Parcel Number | 3924-000-014 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £140,817 |
PROPERTY TAXES
Parcel Number
3924-000-014
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£140,817
zoning
| Zoning Code | B1 (The Neighborhood Business Classification is intended to provide for neighborhood retail and shopping facilities that would be appropriate with surrou) |
| B1 (The Neighborhood Business Classification is intended to provide for neighborhood retail and shopping facilities that would be appropriate with surrou) |
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Belleview Apartments | 11651 SE 71st Terrace Rd
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