Description
WOW! CASH FLOW PROPERTIES STILL EXIST AND PRICE JUST REDUCED FOR QUICK SALE. Fully rented multi-use building. Upstairs there is a RARE loft-style apartment in historic Downtown Sebring (Unit #1) 4 bedroom,2 bathrooms 3400 square foot penthouse loft with wooden floors, exposed brick interior, a 18x20 sq. ft. kitchen, (tastefully updated along with much of the living space), an elevated master bedroom suite (for more privacy) & an outside patio where you can watch downtown Sebring pass you by. This second-floor apartment is larger than most houses and features an open concept layout. You will be charmed by the hardwood floors and exposed brick interior. The apartment features: street parking, historic touches, hardwood floor, high ceilings, open porch with views of Lake Jackson, immediate access to miles of city sidewalks as soon as you walk off of your steps, privacy, two entrances, 4 bedrooms, and 2 full bathrooms. Also upstairs is the possibility of having a 6th unit. Apartment No. 1 can be separated since it has 2 electrical meters. It does, however, share the same water meter. Separating them would make a one 2 bedroom/2 bath Apt and one additional 2/1 apartment.RENTAL INCOME$3500 TotalOne tenant is commercial office space (Unit #2) and two downstairs units are residential apartments (Unit 4&5)Unit #1 just started a 1-year lease and pays $1500/monthlyUnit #2 currently commercial usage pays only $600 total/monthly and is on a month to month lease. Way below market value! **There is no Unit 3. The building has had several uses over the years and 2/3 are currently one combined unit** Unit #4 pays currently residential usage pays $600/monthly and is on a month to month.Unit #5 pays currently residential usage pays $800/monthly and has a 1-year lease ending April 10, 2021. Unit #4 & 5 share the same water meter however they have their individual Electric Meters.The property is in the CRA district which allows for special access to grants for exterior maintenance on the property. Throughout the year there are traditionally a variety of events and festivals hosted in Downtown Sebring. Miles of public sidewalks connect you to multiple lake access points on Lake Jackson, dessert and coffee shops, various dinning& entertainment options, shopping,& more. Across the street is Rotary Park, Jack Stroup Civic Center, the library, Highlands Lakeside Theatre, & the Sebring Historical Society. Prime location with free parking along West Commerce Ave and in the public parking lot across the street. INSURANCE- The property pays approx. $2350.00/yearly insurance.
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6BEDS
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0.2ACRES
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6BATHS
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01/2 BATHS
School Ratings & Info
Description
WOW! CASH FLOW PROPERTIES STILL EXIST AND PRICE JUST REDUCED FOR QUICK SALE. Fully rented multi-use building. Upstairs there is a RARE loft-style apartment in historic Downtown Sebring (Unit #1) 4 bedroom,2 bathrooms 3400 square foot penthouse loft with wooden floors, exposed brick interior, a 18x20 sq. ft. kitchen, (tastefully updated along with much of the living space), an elevated master bedroom suite (for more privacy) & an outside patio where you can watch downtown Sebring pass you by. This second-floor apartment is larger than most houses and features an open concept layout. You will be charmed by the hardwood floors and exposed brick interior. The apartment features: street parking, historic touches, hardwood floor, high ceilings, open porch with views of Lake Jackson, immediate access to miles of city sidewalks as soon as you walk off of your steps, privacy, two entrances, 4 bedrooms, and 2 full bathrooms. Also upstairs is the possibility of having a 6th unit. Apartment No. 1 can be separated since it has 2 electrical meters. It does, however, share the same water meter. Separating them would make a one 2 bedroom/2 bath Apt and one additional 2/1 apartment.RENTAL INCOME$3500 TotalOne tenant is commercial office space (Unit #2) and two downstairs units are residential apartments (Unit 4&5)Unit #1 just started a 1-year lease and pays $1500/monthlyUnit #2 currently commercial usage pays only $600 total/monthly and is on a month to month lease. Way below market value! **There is no Unit 3. The building has had several uses over the years and 2/3 are currently one combined unit** Unit #4 pays currently residential usage pays $600/monthly and is on a month to month.Unit #5 pays currently residential usage pays $800/monthly and has a 1-year lease ending April 10, 2021. Unit #4 & 5 share the same water meter however they have their individual Electric Meters.The property is in the CRA district which allows for special access to grants for exterior maintenance on the property. Throughout the year there are traditionally a variety of events and festivals hosted in Downtown Sebring. Miles of public sidewalks connect you to multiple lake access points on Lake Jackson, dessert and coffee shops, various dinning& entertainment options, shopping,& more. Across the street is Rotary Park, Jack Stroup Civic Center, the library, Highlands Lakeside Theatre, & the Sebring Historical Society. Prime location with free parking along West Commerce Ave and in the public parking lot across the street. INSURANCE- The property pays approx. $2350.00/yearly insurance.
© 2021 Heartland Association of Realtors, Inc. 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 Compton Realty. Data last updated: 2021-03-01T13:42:31.983.