5049 Canal St

    Milton, FL 32570
    • $225,000
    • STATUS: Active
    • ON SITE: 181 days
    • MLS #: 550718
    UPDATED: 34 min ago
    $225,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,560
      SQFT
    • $63
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1891
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    **DO NOT DISTURB TENANTS** BY APPOINTMENT ONLY** This historic and unique property was once the "Colored Odd Fellows Hall" and is listed on the Historic Downtown Milton Walking Map. It is now an investment money maker in the heart of Milton and walking distance to Downtown, with a beautiful waterfront boardwalk and quaint and quirky shops and restaurants! Brand new HVAC inside and out installed Unit A $5900 May 2019, new units installed for Units C and D, inside and out $3647 October 2018, and Unit B outside $2690 August 2018. This classic apartment building contains 5 units. Laundry facility on site, with parking in the rear. Beautiful 2nd story deck was replaced in 2013. Nice park with fountain across the street. Unit A- $725/mo (needs work-currently vacant as of May 2019), Unit B- $775/mo, Unit C- $725/mo, Unit D- $685/mo, Unit E- $600/mo, for an annual gross income of $42120. Annual Expenses include: $3425 gas/water/sewer/garbage, $7293 electric, $1644 property taxes, $1972 insurance, $4200 property management, for a potential cap rate of 10% ($23,586 net income) with current income and expenses, or 12% ($27,786 net income) if managing the property yourself. ***REDUCED $25,000 FOR QUICK SALE***ONLY $45,000 PER DOOR***

    Monthly Payment Calculator



    © 2019 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated: 2019-09-15T20:41:59.027.
    www.rqpensacolaperdidokey.com/homes/92784117

    5049 Canal St Milton, FL 32570

    • Price: $225,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 550718
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,560
    SQFT
    $63
    $/SQFT
    1891
    Built
    Neighborhood:
    Town Of Milton
    County:
    Santa Rosa
    Area:
    Milton
    Elementary School:
    Bagdad
    Middle School:
    R. Hobbs
    High School:
    Milton
    Property Description
    **DO NOT DISTURB TENANTS** BY APPOINTMENT ONLY** This historic and unique property was once the "Colored Odd Fellows Hall" and is listed on the Historic Downtown Milton Walking Map. It is now an investment money maker in the heart of Milton and walking distance to Downtown, with a beautiful waterfront boardwalk and quaint and quirky shops and restaurants! Brand new HVAC inside and out installed Unit A $5900 May 2019, new units installed for Units C and D, inside and out $3647 October 2018, and Unit B outside $2690 August 2018. This classic apartment building contains 5 units. Laundry facility on site, with parking in the rear. Beautiful 2nd story deck was replaced in 2013. Nice park with fountain across the street. Unit A- $725/mo (needs work-currently vacant as of May 2019), Unit B- $775/mo, Unit C- $725/mo, Unit D- $685/mo, Unit E- $600/mo, for an annual gross income of $42120. Annual Expenses include: $3425 gas/water/sewer/garbage, $7293 electric, $1644 property taxes, $1972 insurance, $4200 property management, for a potential cap rate of 10% ($23,586 net income) with current income and expenses, or 12% ($27,786 net income) if managing the property yourself. ***REDUCED $25,000 FOR QUICK SALE***ONLY $45,000 PER DOOR***
    Exterior Features

    Construction Frame Design 2 STORY Lot Description Central Access Lot Dimensions 58' X 237' Pool None Road Maintenance City Roof Composite Shingle Siding Wood Water Feature None Water View None Waterfront None

    Interior Features

    Beds Unit1 1 Floors Hardwood Full Baths Unit1 1 Heating 2+ UNITS Interior Features High Ceilings Kitchen Features Electric StoveRefrigerator Water Heater Electric

    Property Features

    Condo Name N/A Construction Status Resale Electrical Circuit Breaker Fees Include Grounds KeepingWater/Sewer Home Warranty None Multifamily Type Apartments Occupancy Occ Sub To Lease Operating Expenses Include InsuranceManagementTaxesWater/Sewer Special Sale Type As Is Tenant Pays Cable TvInternetTelephone Units Unit1 5 Zoning City

    Listing provided courtesy of Gulf Coast Home Experts, Llc.


    © 2019 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated: 2019-09-15T20:41:59.027.
     
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