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    704 SW 6th Street

    Okeechobee, FL 34974
    • $299,000
    • STATUS: Active Under Contract
    • ON SITE: 92 days
    • MLS #: RX-10650652
    Under Contract
    UPDATED: 55 min ago
    $299,000
    • 0
      BEDS
    • 0.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,300
      SQFT
    • $91
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:
    Area:

    School Information

    Elementary School:
    High School:

    Description

    Multifamily Cash Cow right in the Heart of Okeechobee. Exterior almost completely rebuilt and updated in 2007 from a small home to a giant 3300+ concrete block duplex with 2007 trusses and 2007 commercial grade galvanized steel roof. Two 5 ton commercial A/C units (2007 and 2017). Practically new with many interior updates in the past 2 years including Kitchens, Bathrooms, flooring and more. Zoned duplex with on-time, paying tenants, with leases in place. Grossing over $4200 per month. One side of the property is a 4 bed/3.5 bath with rental income of $2,450 per month and the other side is 3 bed/2 bath at $1750 per month. Communal coin laundry brings in approx. $130 per month. Lovely area, right across the street from a church and school. Walking distance to downtown Okeechobee.

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    www.bettersouthfloridahomes.com/homes/109491897
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    704 SW 6th Street Okeechobee, FL 34974

    • Price: $299,000
    • Status: Active Under Contract
    • Updated: 55 min ago
    • MLS #: RX-10650652
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.44
    Acres
    3,300
    SQFT
    $91
    $/SQFT
    1987
    Built
    Neighborhood:
    None
    County:
    Okeechobee
    Area:
    Okeechobee
    Elementary School:
    Central Elementary School
    High School:
    Okeechobee High School
    Property Description
    Multifamily Cash Cow right in the Heart of Okeechobee. Exterior almost completely rebuilt and updated in 2007 from a small home to a giant 3300+ concrete block duplex with 2007 trusses and 2007 commercial grade galvanized steel roof. Two 5 ton commercial A/C units (2007 and 2017). Practically new with many interior updates in the past 2 years including Kitchens, Bathrooms, flooring and more. Zoned duplex with on-time, paying tenants, with leases in place. Grossing over $4200 per month. One side of the property is a 4 bed/3.5 bath with rental income of $2,450 per month and the other side is 3 bed/2 bath at $1750 per month. Communal coin laundry brings in approx. $130 per month. Lovely area, right across the street from a church and school. Walking distance to downtown Okeechobee.
    Exterior Features

    Carport Spaces 0.00 Construction CbsConcrete Exterior Features FenceOpen Patio Lot Description 1/4 To 1/2 Acre Lot Dimensions 76.0 Ft X 250.0 Ft Private Pool YN No Roof Metal Unit1 Parking Open Parking Unit2 Parking Open Parking View Other Waterfront Description None Waterfront YN No

    Interior Features

    Cooling Ceiling FanCentralZoned Flooring Wood FloorTile Heating CentralZoned Unit1 Bedrooms 4 Unit1 Desc Range - ElectricKitchenA/C UnitSmoke DetectorMicrowaveRefrigerator Unit1 Full Baths 3 Unit1 Furnished Yes Unit1 Half Baths 1 Unit1 Sq Ft 2050 Unit2 Bedrooms 3 Unit2 Desc Range - ElectricKitchenSmoke DetectorMicrowaveRefrigerator Unit2 Full Baths 2 Unit2 Furnished Yes Unit2 Sq Ft 1250 Unit3 Sq Ft 0 Unit4 Sq Ft 0

    Property Features

    Annual Net Operating Income 37560.00 Annual Total Expenses 12840.00 Available Info Other Built Desc Resale Contingent Backup Contingents AppraisalInspectionFinancing Gross Operating Income 50400.00 Hoa Fee Per Month 0.00 Homeowners Association None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Duplex Possession At Closing REO No Restrictions Lease Ok Separate Electric Meters No Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Sq Ft Total 4320.00 Subdivision Amenities None Tax Amount 4759.98 Tax Year 2019 Taxes City/County Tenant Pays Cable Terms Considered CashConventional Unit1 Monthly Income 2450.00 Unit2 Monthly Income 1750.00 Unit3 Monthly Income 0.00 Unit4 Monthly Income 0.00 Utilities Public WaterSeptic Zoning Deplex

    Listing provided courtesy of Coldwell Banker Paradise. Listing information © 2020 BeachesMLS
     
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    1361 Sawgrass Corporate Parkway #200
    Sunrise FL, 33323