11613 Se 57th Avenue, Belleview, FL 34420
- $750,000
- 8
- BD
- 8
- BA
- 4,128
- SqFt
- Sold Price
- $750,000
- List Price
- $850,000
- Status
- Sold
- Days on Market
- 60
- Closing Date
- Jul 25, 2025
- MLS#
- OM695746
- Property Style
- Quadruplex
- Year Built
- 1978
- Bedrooms
- 8
- Bathrooms
- 8
- Living Area
- 4,128
- Lot Size
- 31,363
- Acres
- 0.72
- Total Acreage
- 1/2 to less than 1
- Legal Subdivision Name
- Laws Sub
- MLS Area Major
- Belleview
Property Description
An absolutely gorgeous and beautiful property consisting or 2 separate side by side custom built quads with individual parcel numbers. Great income property. Priced to sell. This is a two in one property sale. Seller is willing to sell each quad under separate contract in order for the Buyer to qualify for HUD, FHA, or a VA loan, but both buildings must be sold jointly at the same time. This is a wonderful 55+ community, with a very close nit elderly tenant population. Most all tenants have been residents since 2018 after the apartments were completely renovated. Currently all tenants are over 62 years of age with single occupancy. As such, possibility of converting to 62+ community. All units, total of 8, were completely gutted and refurbished in late 2017 to mid 2018. New roofs on both buildings with 40 year - 150 MPH, GAF shingles installed by Big D Roofing (commercial grade roofing contractor). All new porcelain PEI Grade 4 tile, all new appliances, all new high efficiency central air conditioning and heating systems (still under warranty), all new water heaters, all new water and electric fixtures, switches and outlets.... Units are solidly built with concrete block and stucco walls around the entire building and all concrete block walls in between all apartments inside the building, making them super solid buildings with minimal to no noise transfer between apartments. Very quiet area that is located on a dead end street with local traffic only. In the middle of the City of Belleview, and close to all the shopping. Majestic old growth Live Oak trees and Southern Yellow Pine trees on the property. A great investment opportunity and income property without any of the issues and headaches that come with a rental property and uncooperating tenants. All tenants are retired and always pay on the 3rd of the month. Never late rents. The complex was originally custom built with the highest grade of construction and material by the initial owners for retirement income purposes. Which included such things as installing high end fixtures made by Kohler.... The current owner is the second owner of the property, and has continued the renovation and upkeep of the properties with the best quality materials, such as installing high performance Rheem water heaters and high efficiency Goodman A/C systems and low flush American Standard toilets.... The property continues to be almost like new construction. All units have their own individual water and electric meters which are paid for by the tenants. The only expense by the owner is for lawn maintenance. Current owner is selling due to retirement. At the current sale price, the high CAP rate on this property makes it an ideal investment without the headaches coming from undesirable tenants, and with a great return on investment.
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Additional Information
- Taxes
- $4146
- Minimum Lease
- 1-2 Years
- Location
- City Limits, Landscaped, Street Dead-End, Paved
- Community Features
- Street Lights, No Deed Restriction
- Property Description
- One Story
- Zoning
- R3
- Interior Layout
- Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat
- Interior Features
- Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat
- Floor
- Tile
- Appliances
- Electric Water Heater, Range, Range Hood, Refrigerator
- Utilities
- Cable Connected, Electricity Connected, Fire Hydrant, Phone Available, Public, Sewer Connected, Water - Multiple Meters, Water Connected
- Heating
- Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stone, Stucco
- Exterior Features
- Courtyard, Lighting, Private Mailbox
- Roof
- Shingle
- Foundation
- Stem Wall
- Pool
- No Pool
- Garage Features
- Ground Level, Guest, Off Street, Open
- Elementary School
- Belleview Elementary School
- Middle School
- Belleview Middle School
- High School
- Belleview High School
- Housing for Older Persons
- Yes
- Pets
- Allowed
- Max Pet Weight
- 15
- Pet Size
- Very Small (Under 15 Lbs.)
- Flood Zone Code
- x
- Parcel ID
- 37462-004-02
- Legal Description
- SEC 36 TWP 16 RGE 22 PLAT BOOK F PAGE 103 LAW S SUB BLK D LOT 2 and 3
Listing courtesy of PLATINUM HOMES AND LAND REALTY. 352-620-0207
Selling Office: PLATINUM HOMES AND LAND REALTY.Mortgage Calculator
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