Property Description Investment Property with long-term tenants in Arlington. Triplex is earning an annual rent of $46.2K with a 7.63% cap rate. 1/1 is 560 sf, 2 x 3/2 are 1456 sf each. All units updated in the past 2 years. Please see private remarks in regards to showings
Details
Contract Information
Current Price: $449,900
List Price: $449,900
Status: Active
Listing Contract Date: 2024-03-25
Property Sub Type: Triplex
Buyer Brokerage Compensation: 2.5
Transaction Broker Compensation: 2.5
Transaction Broker Compensation Type: %
Location, Tax, and Legal
Street Number: 5509
Street Name: PLAYA
Street Suffix: Way
County: Duval
State: FL
Country: US
Postal Code: 32211
Parcel Number: 129322-0000
Subdivision Name: Arlington
MLS Area Major: 041-Arlington
Tax Annual Amount: 5219
Tax Year: 2023
Tax Legal Description: 29-45 52-2S-27E
ARLINGTON COMMERCIAL CENTER ADDN NO 2
E 70FT LOT 2 BLK 1
General Property Information
Number Of Buildings: 1
Number Of Units Total: 3
Bedrooms Total: 7
Bathrooms Total: 5
Bathrooms Full: 5
Living Area: 3472
Living Area Source: Public Records
New Construction YN: No
Year Built: 1965
Garage YN: Yes
Garage Spaces: 2
Carport YN: Yes
Lot Size Acres: 0.21
CDD Fee YN: No
Furnished: Unfurnished
Stories Total: 2
Senior Community YN: No
Directions: From Arlington Expressway go north on University Blvd N. Turn left onto Playa Way. Property is on the right. No sign on the property.
Public Remarks: Investment Property with long-term tenants in Arlington. Triplex is earning an annual rent of $46.2K with a 7.63% cap rate. 1/1 is 560 sf, 2 x 3/2 are 1456 sf each. All units updated in the past 2 years. Please see private remarks in regards to showings
List Price/SqFt: 129.58
Status Change Information
Major Change Timestamp: 2024-05-02T20:04:34Z
Major Change Type: Price Reduced
Price Change Timestamp: 2024-05-02T20:04:34Z
Income and Expenses
Gross Income: 46200
Net Operating Income: 38100
Unit 1 Details
Unit ID: 5509
Actual Rent: 1425
Unit SqFt: 1456
Beds Total: 3
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Lease in place
Unit 2 Details
Unit ID: 5511
Actual Rent: 1475
Unit SqFt: 1456
Beds Total: 3
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Lease in place
Unit 3 Details
Unit ID: 5513
Actual Rent: 950
Unit SqFt: 560
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Lease in place
Property Features
Appliances: Electric Oven; Electric Water Heater; Refrigerator
Construction Materials: Brick; Wood Siding
Cooling: Central Air; Electric
Current Use: Residential
Heating: Central; Electric
Levels: Two
Listing Terms: Cash; Conventional; FHA; VA Loan
Lot Features: Few Trees
Parking Features: Garage; Off Street
Pool Features: None
Possession: Close Of Escrow; Subject To Tenant Rights
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Public Sewer
Showing Requirements: Other
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Listing Office: RED OAK INVESTMENT REALTY, LLC.
Last Updated: May - 07 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in reciprocal agreements.
