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Vanessa Edmunds
Cedar Key Realty, Inc
574 2nd Street
P.O. Box 7
Cedar Key, FL 32625
Office: (352) 543-9899
Cell: (352) 210-1155
<< Back to Results | Currently Viewing -  MLS Number: 777570 A (Active)
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Doris Hellermann PA
(C) (352) 949-1575
Cedar Key Realty, Inc.
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Listing Details
MLS Number: 777570
List Price: $528,000
Street #: 640
Street Name: 6th Street
City: Cedar Key
State: FL
Zip Code: 32625
County: Levy
Parcel ID: 08654-000-00
Tax Amount: 5467.18
Property Tax Year: 2018
Apx Acreage: 0.14
Apx Lot Size:  
Waterfront: No
Sale Type: Sale Only
Apx Year Built: 1930
Total Rooms(excluding bathrooms):  
Apx Building SqFt Under Roof: 4916
Apx Net Leasable Space: 3735
Cap Rate %:  
Asset Sale: Both
Building Stories: 2
Ceiling Height: Varies
Electric Phase: Single
Voltage: 220
Fire Sprinklers: None
Loading Docks: None
Rail: No
Annual Gross Sales: 58200
Annual Expenses: 13540
Net Operating Incm: 44660
Type Property: Apartments
Current Use: Apartments
Construction: Wood Siding, Frame
Heating: Central Electric, Heat Pump
Cooling: Ceiling Fan(s), Heat Pump, Central Air
Water Sources: Metered, Public
Sewer Type: Public Sewer
Parking: Street Parking, Open Parking, Shared Parking
Energy Features: Thermal Glass Windows
Road Type: City Street, Paved, Maintained
Waterfront Access/Details: None
Legal Description: LOTS 20, 21 and the West 15 feet of the North 75 feet of LOT 22, BLOCK 26, MAP OF THE SOUTHERN PART OF THE CITY OF CEDAR KEY, FLORIDA, according to the plat thereof recorded in Plat Book 1, Page 3, Public Records of Levy County, Florida
Directions: Driving from downtown Cedar Key, go north on State Road 24 to 6th Street. Turn left and this property will be the big building on your left. It's the first building that faces 6th Street on your left, just past the Episcopal Parsonage that faces SR 24. At the owner's request and to protect the privacy of the tenants, a Cedar Key Realty, Inc. sign has NOT been placed on this property.
Public Comments: INVESTMENT OPPORTUNITY! Fully rented 6-unit APARTMENT BUILDING in Cedar Key's downtown area. Great location with water views from a common balcony. The building was completely renovated in 2012 including new appliances, flooring, cabinets, plumbing, wiring, roofing, HVAC units and much more. Cedar board and batten siding, metal roofing and 2 covered balconies blend the old and new of Cedar Key architecture. Tenants pay for their own electric and water/sewer usage with separate 100 amp service and individual water meters for each unit. All apartments are currently leased as long-term rentals. The shortage of long-term rentals in Cedar Key assures full occupancy. This building is in a great location. It's in great condition. Great buy!