640 6th St 32625, Cedar Key, FL 32625

$585,000
8
BD
6
BA
List Price
$585,000
Status
ACTIVE
MLS#
782070
Bedrooms
8
Bathrooms
6
Year Built
1930

Property Description

Want to live on an island and own your own business, too? Here's your chance! This historic building, completely renovated in 2013-14, with six rental units is the answer for you! Sitting on high ground in historic Cedar Key, Florida, this apartment building is currently chock full with tenants in long-term rental agreements! All units pay their own utilities, and current annual income from the six leases is $59,400, with an approximate net income of $49,000 after all expenses. Located right downtown, this building's extensive renovations included a new 26-gauge metal roof, plumbing, electrical, central heat and air, interior finishes, floor coverings, cabinetry and appliances. Six rental units include: One--2-Bed, 2 Bath; Two--2-Bed, 1 Bath; Two--1-Bed, 1 Bath; One—Studio. Choose yours, collect rent on five others, and spend your days playing on the Gulf of Mexico! Take a look right away—you're not the only one who wants an easy island life!

Additional Information

Subdivision
Cedar Key
Interior Features
Family Room, Laundry Tub
Exterior Features
Balcony, Covered Deck, Covered Porch, Separate Entrance Apt
Roof
Metal
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Cedar Key Realty, Inc..