Real Estate Apartment Tour - Passive Income - Chiefland Apts
Property SOLD 4/30/21. To receive other active multifamily listings for sale visit https://www.beaubeery.com/, scroll to the bottom of the landing page, and subscribe. Also, subscribe to this YouTube channel to see new listings first.
This is a 16 unit apartment complex for sale at $995,000 in Chiefland, Florida. It's not often you find multifamily real estate assets these days priced on in-place income, especially deals under $70k/unit. For this one you can just buy and collect rent for a good return day 1, or you can do interior improvements for $90-100/month rent bumps.
This is in a small town called Chiefland, Florida, which is between Gainesville and the major fishing destination of Cedar Key and Horseshoe Beach. Those who live in Chiefland commute for work to Gainesville, Williston, High Springs, and Alachua. All heavy exterior lifting has been done. There are only two other multifamily real estate complexes in Chiefland and both are full subsidized housing programs.
• Chiefland Apartments at 401 SE 7th Terrace, Chiefland, FL
• Link to Property Info: https://realnex.com/listings/765360/c...
o On this link, under the main picture, click on "Deal Room" to access confidentiality agreement to sign for financials
o "Attachments" tab has the marketing package
• Groceries, restaurants, medical within 2.50 miles
• Ask price is $995,000 ($62K/unit)
• 16 units total, composed of 8 duplexes on a large 2.50 acre parcel
• 6 of the units are 2/1s ranging from 800-1,000 SF +/-, 8 units are 3/1s at 986 +/- SF, and 2 units are 4/1.5s at 1,195 +/- SF each.
• Overall average in place rents are $625 but market is $725
• Built 1964 of concrete block construction
• New metal roofs, new exterior paint, new water shut off valves installed
• Each unit has washer connections and tenants dry on professionally installed clothes lines
• Owner self manages but broker has new manager ready to take over after sale.
Time Stamps
00:09 Retail, restaurants, shopping nearby subject
00:30 Introduction of real estate asset by Beau Beery, listing broker
01:22 Drone aerial of property
02:05 Interior tour of 3/1 unit
04:27 Exterior acreage and back yard review
04:51 Summary of the multifamily real estate offering and second drone flight
If warranted, please consider liking and commenting on this video and subscribing to our channel at / beauknowsmultifamily .
Be sure to hit the notification bell so you can be aware of the next listing as soon as it is posted.
Be sure to check out our most popular playlists:
• Real Estate Investing for Sellers: • Playlist
• Real Estate Investing for Buyers: • Advanced Real Estate Investing
• Real Estate Analytics For Investors: • Real Estate Analytics For Investors
• Real Estate Investing for Beginners: • Real Estate Investing For Beginners
• New Real Estate Listing Property Tours: • Real Estate Apartment Tour - Cottages @ De...
• Book: Multifamily Investors Who Dominate:
• Book Cover Reveal - Multifamily Investors ...
I'd love to connect with you:
• My Website: https://www.beaubeery.com/ and subscribe toward the bottom of page
• Facebook: / beauknowsmultifamily
• Instagram: / beaubeerygville
• LinkedIn: / beauknowsmultifamily
• Twitter: / beaubeery
Disclaimer: Please see the link for our disclaimer policy for all of our videos on the Beau Knows Multifamily YouTube channel: https://beaubeery.com/youtube-disclaimer