501 Hadas Ln., 501 E Pennsylvania Avenue

    Bonifay, FL 32425
    • $549,500
    • STATUS: Active
    • ON SITE: 139 days
    • MLS #: 692752
    UPDATED: 53 min ago
    $549,500
    • 0
      BEDS
    • 1.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Information

    High School:

    Description

    Investment Opportunity! This listing consists of a main home with 8 rental units, 7 currently rented bringing in a gross yearly income est. of $48,200. Rent the main home and other unit for $66k/yr.+ gross total.*See pictures and documents for detailed lists on each unit* Main home: 4bed /3.5 bath- 3,338 sq ft (landlord quarters)Attached unit: 2 bed/1 bath- $650Cottage #511: 2 bed/1 bath- $650Cottage #507: 1 bed/1 bath- $500Cottage #505: 1 bed/1 bath- $500Cabin #104 Hubbard: storage (not rented, but could be)Tri-plex #501: 2 bed/1 bath- $675Tri-plex #503: 1 bed/1 bath- $525Tri-plex #505: 1 bed/ 1 bath- $550WorkShopThe main home, occupied by the landlord, is a 4bed/3.5bath 3,338 sq ft built in 1930. New double-pane windows, storm doors, siding, roof, and baseboard inreplaced in 2006 with a new heat pump, duct work, and air handler. The kitchen including all appliances was brand new in 2016. Home also had updated plumbing, electrical, and water heater in 2012. New sheetrock in the living room, hall, and guest bedrooms. Seller is updating the living room with a new ceiling, drywall, and flooring. (updated pics as work is done..purchase before work is done for reduced price). Unit #503 is the attached unit to the main home. It is a 2bed/1bath with central heat and a/c. The outside air handler was replaced in 2017 and it has new kitchen floor covering. Unit #511 was built in 1982, is 480 sq ft, and is a 2bed/1bath. The bathroom was redone in 2009, it has central heat/air, and new floor covering in the living room Unit #507 was built in 1991, is 472 sq ft, and is a 1bed/1bath. This unit had a new roof in 2011 and a new central a/c unit in 2015. Unit #505 was built in 1993, is 504 sq ft, and is a 1bed/1bath. It had a new roof in 2011 and is currently being run by window a/c units as the central unit is inoperable at this time. Unit #104 Hubbard was built in 1950, is 744 sq ft, and is currently being used as storage. It used to be a beauty salon and since it does have street-front parking there is commercial rental opportunity. It had a new roof in 2012 and does not currently have an a/c unit. The triplex was built in 1970 but has an effective year built of 1991. It is 2,582 sq ft and had a new roof in 2011. It is equipped with a covered carport and laundry room under the carport. The first unit in the triplex is Hadas #501. It is a 2bed/1bath and has a central a/c unit of 2005. Hadas #503 is a 1bed/1bath and has window unit a/c. Hadas #505 is a 1bed/1bath and has window unit a/c. It has a new fridge and stove. The workshop behind the triplex is spacious and the perfect size for keeping things to run the rentals onsite. The main home is the perfect opportunity to live onsite and run your rentals, have an onsite property manager, or capitalize on the fact that this spacious home could add a lot more to the gross income of this set up. Also, there is more income potential with the unit currently being used for storage since you may be able to rent it out commercially. The remaining units are already rented so you will immediately have an income-producing property. This unique property is a rare opportunity, especially to be in the city limits. Seller might consider selling the triplex separately.

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    © 2020 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or ResortQuest Real Estate. Data last updated: 2020-06-01T09:05:54.163.
    www.rqemeraldcoastrealestate.com/homes/102266059

    501 Hadas Ln., 501 E Pennsylvania Avenue Bonifay, FL 32425

    • Price: $549,500
    • Status: Active
    • Updated: 53 min ago
    • MLS #: 692752
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.3
    Acres
    Neighborhood:
    [No Recorded Subdiv]
    County:
    Holmes
    Area:
    Holmes County
    High School:
    Multi-Family
    Property Description
    Investment Opportunity! This listing consists of a main home with 8 rental units, 7 currently rented bringing in a gross yearly income est. of $48,200. Rent the main home and other unit for $66k/yr.+ gross total.*See pictures and documents for detailed lists on each unit* Main home: 4bed /3.5 bath- 3,338 sq ft (landlord quarters)Attached unit: 2 bed/1 bath- $650Cottage #511: 2 bed/1 bath- $650Cottage #507: 1 bed/1 bath- $500Cottage #505: 1 bed/1 bath- $500Cabin #104 Hubbard: storage (not rented, but could be)Tri-plex #501: 2 bed/1 bath- $675Tri-plex #503: 1 bed/1 bath- $525Tri-plex #505: 1 bed/ 1 bath- $550WorkShopThe main home, occupied by the landlord, is a 4bed/3.5bath 3,338 sq ft built in 1930. New double-pane windows, storm doors, siding, roof, and baseboard inreplaced in 2006 with a new heat pump, duct work, and air handler. The kitchen including all appliances was brand new in 2016. Home also had updated plumbing, electrical, and water heater in 2012. New sheetrock in the living room, hall, and guest bedrooms. Seller is updating the living room with a new ceiling, drywall, and flooring. (updated pics as work is done..purchase before work is done for reduced price). Unit #503 is the attached unit to the main home. It is a 2bed/1bath with central heat and a/c. The outside air handler was replaced in 2017 and it has new kitchen floor covering. Unit #511 was built in 1982, is 480 sq ft, and is a 2bed/1bath. The bathroom was redone in 2009, it has central heat/air, and new floor covering in the living room Unit #507 was built in 1991, is 472 sq ft, and is a 1bed/1bath. This unit had a new roof in 2011 and a new central a/c unit in 2015. Unit #505 was built in 1993, is 504 sq ft, and is a 1bed/1bath. It had a new roof in 2011 and is currently being run by window a/c units as the central unit is inoperable at this time. Unit #104 Hubbard was built in 1950, is 744 sq ft, and is currently being used as storage. It used to be a beauty salon and since it does have street-front parking there is commercial rental opportunity. It had a new roof in 2012 and does not currently have an a/c unit. The triplex was built in 1970 but has an effective year built of 1991. It is 2,582 sq ft and had a new roof in 2011. It is equipped with a covered carport and laundry room under the carport. The first unit in the triplex is Hadas #501. It is a 2bed/1bath and has a central a/c unit of 2005. Hadas #503 is a 1bed/1bath and has window unit a/c. Hadas #505 is a 1bed/1bath and has window unit a/c. It has a new fridge and stove. The workshop behind the triplex is spacious and the perfect size for keeping things to run the rentals onsite. The main home is the perfect opportunity to live onsite and run your rentals, have an onsite property manager, or capitalize on the fact that this spacious home could add a lot more to the gross income of this set up. Also, there is more income potential with the unit currently being used for storage since you may be able to rent it out commercially. The remaining units are already rented so you will immediately have an income-producing property. This unique property is a rare opportunity, especially to be in the city limits. Seller might consider selling the triplex separately.
    Exterior Features

    Construction Status Construction Complete

    Interior Features

    Heating Cooling Ac - Central Sq Ft Total Building 8120.00

    Property Features

    Community Resort None Energy Ac - Central ElectCeiling FansHeat - Central ElectricWater Heater - Electric Financing CashConventional Hoa Fee No List Class Residential Income Occupancy Status Occupied Utilities Public SewerPublic Water

    Listing provided courtesy of Elite Realty. Listing information © 2020 Central Panhandle Association of Realtors MLS.


    © 2020 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or ResortQuest Real Estate. Data last updated: 2020-06-01T09:05:54.163.
     
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