5049 Canal St

    Milton, FL 32570
    • $225,000
    • STATUS: Active
    • ON SITE: 15 days
    • MLS #: 559979
    UPDATED: 32 min ago
    $225,000
    • 5
      BEDS
    • 0.32
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 3,560
      SQFT
    • $63
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1891
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    ***By Appointment Only- Property is occupied***Unique historic property that is currently a 5 unit apartment, but could be renovated into a one or two family home, or live upstairs and rent downstairs. This 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. Each unit has a stove, microwave and refrigerator that will convey with sale. Laundry facility on site, with large parking area in the rear. Beautiful 2nd story deck was replaced in 2013. Nice park with fountain across the street. Most recent rents show 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.

    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: 2019-09-15T19:42:03.907.
    www.rqpensacolaperdidokey.com/homes/98511619

    5049 Canal St Milton, FL 32570

    • Price: $225,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 559979
    5
    Beds
    5
    Baths
    0
    ½ Baths
    0.32
    Acres
    3,560
    SQFT
    $63
    $/SQFT
    1891
    Built
    Neighborhood:
    None
    County:
    Santa Rosa
    Area:
    Milton
    Elementary School:
    Bagdad
    Middle School:
    R. Hobbs
    High School:
    Milton
    Property Description
    ***By Appointment Only- Property is occupied***Unique historic property that is currently a 5 unit apartment, but could be renovated into a one or two family home, or live upstairs and rent downstairs. This 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. Each unit has a stove, microwave and refrigerator that will convey with sale. Laundry facility on site, with large parking area in the rear. Beautiful 2nd story deck was replaced in 2013. Nice park with fountain across the street. Most recent rents show 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.
    Exterior Features

    Construction Frame Design 2 STORY Exterior Features Backyard FenceBalconyPorchYard Building Foundation Offgrade Lot Description Central AccessHistoric DistrictPaved Road Lot Dimensions 58 X 237 Parking Parking Lot Pool None Roof Composite Shingle Siding Vinyl Style Colonial Water Feature None Water View None Waterfront None

    Interior Features

    Cooling 2+ UNITSCENTRAL ELECTRIC Dining Type Kitchen/Dining Combo Floors HardwoodTileVinyl Heating 2+ UNITSCENTRAL GAS Interior Features All BlindsBaseboardsCable AvailableCeiling FansHigh CeilingsLaundry InsideW/D HookupsWalk-In Closet Kitchen Features Electric StoveLaminate CountertopsMicrowaveRefrigerator Miscellaneous Equipment DryerSmoke DetectorWasher Rooms Bedrm: AddtnlLiving RoomDining/Kitchen

    Property Features

    Association None Construction Status Resale Energy Ceiling Fans Residential Type Res Detached Special Sale Type As Is Water Sewer Public SewerPublic Water 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: 2019-09-15T19:42:03.907.
     
    ResortQuest Real Estate
    14112 Perdido Key Dr.
    Perdido Key FL, 32507