8400 N Desertrose Ter | Crystal River, FL 34428
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8400 N Desertrose Ter
Crystal River, FL 34428
THE DESERTROSE APARTMENTS FOR SALE! · Multifamily Property For Sale · 9 Units
Investment Highlights
- 9-UNIT APARTMENT COMPLEX LOCATED IN BEAUTIFUL CRYSTAL RIVER, FL! (SELLER FINANCING AVAILABLE!)
- APPROXIMATE SELLER FINANCING TERMS ARE AS FOLLOWS: $400,000 DOWN, 4.0% FIXED IR, INTEREST-ONLY PAYMENTS, 5-YEAR BALLOON!
- CURRENT RENTAL RATES ARE APPROXIMATELY $200-$300 BELOW THE AVERAGE MARKET RENTAL RATES!
- 9% CAP RATE AND 15% CASH-ON-CASH RETURN IN 2022!
- EXTREMELY LOW RENTAL RATES, GIVING THE BUYER MASSIVE UPSIDE!
- JUST RAISING THE RENTAL RATES TO THE MARKET AVERAGE WILL ALLOW A BUYER TO OBTAIN A CAP RATE OF OVER 9.5% AND A CASH-ON-CASH RETURN OF OVER 18%!
PROPERTY FACTS
| No. Units | 9 | Building Size | 7,440 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1984/2021 |
| Building Class | C | Parking Ratio | 2.96/1,000 SF |
| Lot Size | 1.65 AC |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.65 AC |
| Building Size | 7,440 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2021 |
| Parking Ratio | 2.96/1,000 SF |
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Wi-Fi
- Built-In Bookshelves
- Dining Room
- Family Room
- Freezer
- Instant Hot Water
- Pantry
- Porch
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Recycling
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | - | - |
| 2+1 | 6 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $264,045 | |
| Land Assessment | $14,034 | Total Assessment | $753,449 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$14,034
Improvements Assessment
$264,045
Total Assessment
$753,449
zoning
| Zoning Code | Multifamily (MF) |
| Multifamily (MF) |
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