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507 W BAKER ST Plant City, FL 33563
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Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,882 sqft
Price per Sqft $239
Subdivision Plant City Rev Map
MLS Listing ID TB8350263
Sold Date 03/20/25
Bedrooms 7
HOA Y/N No
Originating Board Stellar MLS
Year Built 1948
Annual Tax Amount $3,805
Lot Size 0.410 Acres
Acres 0.41
Lot Dimensions 1x1
Property Sub-Type Quadruplex
Property Description
Palm Haven Apartments - This is a Great Investment Opportunity - 6 Units total with 5 Units rented, One unit needs rehab when finished allowing this to be a cash Cow, 2 Parcels, just under 1 acre total property - Incredible Income earning potential - this is a Great Location near downtown Plant City with plenty of road frontage and possible future commercial potential - Low Vacancy historically - Newer Metal Roof - lots of extra parking. it has been zoned residential for lower taxes, Operates approximately 16% PLUS with a return on investment on standard investment loan, with the potential of generating more income when the last unit is rehabbed. . 1-efficiency- needs rehab then there are studio units, 2 -1 bedroom/1 bath units, 1 2 bedroom/2 bath, 2 - 2 bedroom/2 bath. Rent includes electric and water for all tenants, on city water, sewer and dumpster service for trash. For more financial information, please have pre-approval or bank statement submitted. Contact us for more info, these are a good investment and wont last long.
Location
State FL
County Hillsborough
Community Plant City Rev Map
Zoning R-1
Interior
Interior Features Primary Bedroom Main Floor
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace false
Appliance Range, Refrigerator
Laundry None
Exterior
Exterior Feature Sidewalk
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected
Roof Type Metal
Porch Front Porch
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Schools
Elementary Schools Wilson Elementary School-Hb
Middle Schools Tomlin-Hb
High Schools Plant City-Hb
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Membership Fee Required None
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with FLORIDA REALTY INVESTMENTS