545737 Us Highway 1

    Callahan, FL 32011
    • $459,900
    • STATUS: Active
    • ON SITE: 298 days
    • MLS #: 898322
    UPDATED: 34 min ago
    $459,900
    • 0
      BEDS
    • N/A
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 4,403
      SQFT
    • $104
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    Cabana Villa Apartments is a solid, 9 unit, single story apartment complex (with a laundry facility) lying onover 3 acres of beautiful bucolic land in Callahan, Florida - just 25 minutes from downtown Jacksonville.The town of Callahan is a small country municipality with a population of approximately 1250 people situated about 20 miles northwest of Jacksonville. Cabana Villa Apartments is primarily constructed of concrete block; however, supplemental wood frame component construction was added in 2010 at the front and north side of the building. All of the apartmentsare 1 bedroom, 1 bath units, consisting of about 500 square feet.Although Cabana Villas was originally built in 1957, the property features newer installed wall AC units, refrigerators, stoves, hot water heaters, toilets, bathroom sinks and "tiki" style island kitchen bars. In addition, the flooring in most of the apartment units is newer vinyl tiling. Three units have simulated vinyl wood floors, while the others have simulated tile. Some units have ceramic tile flooring, but one still has carpet throughout. In 2010, the roofs were replaced and all of the units were repainted, including interior wood surfaces " which were hand stained and/or varnished. Unit 7 has just been beautifully remodeled, and a water softener/H2O2 disinfection system was installed in the recent past to treat well water for drinkability and odor elimination. Plans to remodel or improve additional units and the laundry room are currently under consideration by management. The Parking areas have also been repainted and striped. Of the 3+ acres that convey with this property, Cabana Villa Apartments is actually built on only 1.5 acres. As such, a new owner has the opportunity to develop the remaining 1.5+ acres or sell the unimproved, vacant portion of the property to another investor or developer.

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    © 2018 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than EXIT Real Estate Gallery are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2018-06-18T20:24:28.847.

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    www.exitrealestategallery.com/homes/76169482

    545737 Us Highway 1 Callahan, FL 32011

    • Price: $459,900
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 898322
    0
    Beds
    1
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,403
    SQFT
    $104
    $/SQFT
    1957
    Built
    Neighborhood:
    Callahan
    County:
    Nassau
    Area:
    40-Nassau County
    Property Description
    Cabana Villa Apartments is a solid, 9 unit, single story apartment complex (with a laundry facility) lying onover 3 acres of beautiful bucolic land in Callahan, Florida - just 25 minutes from downtown Jacksonville.The town of Callahan is a small country municipality with a population of approximately 1250 people situated about 20 miles northwest of Jacksonville. Cabana Villa Apartments is primarily constructed of concrete block; however, supplemental wood frame component construction was added in 2010 at the front and north side of the building. All of the apartmentsare 1 bedroom, 1 bath units, consisting of about 500 square feet.Although Cabana Villas was originally built in 1957, the property features newer installed wall AC units, refrigerators, stoves, hot water heaters, toilets, bathroom sinks and "tiki" style island kitchen bars. In addition, the flooring in most of the apartment units is newer vinyl tiling. Three units have simulated vinyl wood floors, while the others have simulated tile. Some units have ceramic tile flooring, but one still has carpet throughout. In 2010, the roofs were replaced and all of the units were repainted, including interior wood surfaces " which were hand stained and/or varnished. Unit 7 has just been beautifully remodeled, and a water softener/H2O2 disinfection system was installed in the recent past to treat well water for drinkability and odor elimination. Plans to remodel or improve additional units and the laundry room are currently under consideration by management. The Parking areas have also been repainted and striped. Of the 3+ acres that convey with this property, Cabana Villa Apartments is actually built on only 1.5 acres. As such, a new owner has the opportunity to develop the remaining 1.5+ acres or sell the unimproved, vacant portion of the property to another investor or developer.
    Exterior Features

    Building Stories 1 Story Navigable To Ocean YN No Parking Facilities 11 - 25 Spaces Pool No Pool Road Frontage U.S.Highway Road Surface Asphalt Road Roof Shingle Structure Concrete Waterfront YN No

    Interior Features

    Additional Equipment Smoke Detector Cooling Window/Wall Unit Energy Features Ceiling Fan(S) Heating Window/Wall Unit Interior Amenities Ceramic TileVinyl FloorsWall To Wall Carpet Major Appliances Range - ElectricRefrigerator Rental Includes Range/OvenRefrigerator Walls Dry Wall Water Heater Electric Water Heatr

    Property Features

    Annual Mgmt Fee 5100.00 Annual Property Tax 2400.00 Annual Rent 57000.00 Annual Utilities 1380.00 Buildings 1 Building Country Usa Exist Rental Income 56940.00 Grs Pot Annual Rent 61320.00 Historic Area No Land Use Code 003900 Legal Name Of Subdiv Callahan Multifamily Type FlatsMulti Units New Buyer Expenses Garbage/TrashLawn MaintenanceProperty ManagementReal Estate Tax Occupancy At Closing Occupancy Rate 100.00 One Bdrm Rentals $501 To $600/Month Possible Financing CashConventional Present Rental Terms Year Present Tenant Exp All ElectricSecurity DepositWater Square Foot Source Tax Roll Unit Info Total Units 9 Unit Info1 Bedroom Units 9 Units 5 - 10 Units Utilities Cable - ConnectedSep Elect Meter(S)Sep Water Meter(S)Sewer - Septic SysWater - Public

    Listing courtesy of Roger Bills, Broker


    © 2018 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than EXIT Real Estate Gallery are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2018-06-18T20:24:28.847.

    Digital Millennium Copyright Act
     
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