David Shippey
863.521.4517

300 N Church Street UNIT All Units Bunnell Florida | Home for Sale

To schedule a showing of 300 N Church Street UNIT All Units, Bunnell, Florida, Call David Shippey at 863-521-4517 TODAY!

$799,900 | 7 beds | N/A full baths | N/A half baths | 3,731 sqft

$799,900 No Recent Price Change
300 N Church Street UNIT All Units
Bunnell, FL 32110
  • 7Beds
  • 6.00Total Baths
  • 0 Full, 0 HalfBaths
  • 3,731SqFt
  • 1924Year Built
  • 0.36Acres
  • MLS# FC302326
  • Income
  • MultiFamily
  • Active

  • Approx Time on Market1 month, 23 days
  • Area32110 - Bunnell
  • CountyFlagler
  • Subdivision Town/bunnell

Overview

Here's your chance to own an income-producing property that's an exceptional investment opportunity in the popular and vibrant Flagler County area of northeast Florida. This multi-family property currently offers 5 units (A, B, C, D, E-#302) with a total square footage of 4910, consisting of 2 buildings constructed in 1924, one in 1997, and major renovations completed in 2018. The property has been meticulously maintained and offers several amenities for the residents, with the potential for even more. Situated in the City of Bunnell, the seat of government for Flagler County and one of the fastest growing counties in Florida, this property enjoys proximity to major transportation routes, shopping centers, dining options, schools, and recreational facilities. The area boasts a robust rental market with high demand for multi-family housing, ensuring consistent occupancy rates and rental income. In fact, since November 2018, the vacancy rate has been a VERY LOW 1.31%, with ZERO EVICTIONS and just four turnovers, indicating TENANT SATISFACTION as well as successful and profitable tenancies (two units have had the same tenants for 6 years!). Each unit is equipped with climate control, modern appliances, vinyl plank or porcelain tile flooring, and privacy, providing residents with comfort and convenience, as well as SEPARATE METERS for the ELECTRIC and the WATER/TRASH/SEWAGE (which means the TENANT PAYS FOR THEIR OWN UTILITIES!!). There are two locked Laundry Rooms on the premises, which currently are used by the owners in Unit E-#302 and Unit A tenants (Tenant-Owned Washer/Dryer in Unit A Laundry Room; Washer/Dryer in Unit E-#302 conveys with the property). Future use could include coin-operated machines in one or both Laundry Rooms and access for all tenants on the premises, generating additional income opportunities. Four units are occupied by tenants, with rents ranging from $900 to $1475 ($4875/month total). The owners occupy the fifth unit, which can be rented for $1275 to $1395 or more; there is a 2 Car Garage, Storage, and a Private Laundry Room under the unit that adds extra value to the rental. With $1275 for Unit E-#302, the current rents are $6150 per month for $73,800 Gross Rent Income, and Net Operating Income of $50,551 (includes property taxes, insurance, and 8% property management fees). Market Rent--conservatively forecasted--for all 5 units is $6875 for a total of $82,500 Gross Rent Income per year. Manage the property yourself and the potential NOI is $61,920+ per year! For an Offering Memorandum Brochure that provides more details and financial information on this investment property, please ask your agent to download the document directly from the MLS or request it from the listing agent if you're not represented by a buyer's agent. This is a well-maintained property that has undergone regular maintenance and updates, ensuring a desirable living environment and maximizing tenant satisfaction. It's a compelling investment opportunity that comes with strong cash flow potential and capital appreciation in the thriving Flagler County rental market. Its prime location, amenities, and solid financial performance makes this multi-family property an ideal addition to any investment portfolio.



Agriculture / Farm

Grazing Permits Blm:  ,No,

Grazing Permits Forest Service:  ,No,

Grazing Permits Private:  ,No,

Horse:  No

Association Fees / Info

Pets Allowed:  Yes

Senior Community:  No

Association:  ,No,

Bathroom Info

Total Baths:  6.00

Building Info

Window Features:  Blinds, DoublePaneWindows

Roof:  Metal

Building Area Source:  PublicRecords

Buyer Compensation

Exterior Features

Patio:  Covered, Deck, Enclosed, FrontPorch, Porch, Screened, SidePorch, Balcony

Pool Private:  No

Exterior Features:  Balcony, Lighting, RainGutters, Storage

Fees / Restrictions

Financial

Gross Income:  74,294

Expense Tenant:  Electricity, Sewer, Water

Original Price:  $799,900

Disclosures:  DisclosureonFile,SellerDisclosure

Garage / Parking

Open Parking:  No

Parking Features:  Assigned, OffStreet

Attached Garage:  Yes

Garage:  Yes

Carport:  No

Green / Env Info

Irrigation Water Rights:  ,No,

Interior Features

Fireplace:  No

Floors:  LuxuryVinyl, PorcelainTile

Levels:  Two

Spa:  No

Laundry Features:  WasherHookup, ElectricDryerHookup, LaundryRoom

Interior Features:  BuiltinFeatures, CeilingFans, EatinKitchen, OpenFloorplan, WoodCabinets

Appliances:  ElectricWaterHeater, Range, Refrigerator

Lot Info

Direction Remarks:  EZ!! Drive west on US 100 (E. Moody Blvd.) into City of Bunnell and turn right on N Church Street!!

Lot Size Units:  Acres

Lot Size Acres:  0.36

Lot Sqft:  15,755

Lot Desc:  CornerLot, CityLot, Flat, Level, OversizedLot

Misc

Other

Special Conditions:  None

Security Features:  SmokeDetectors, SecurityLights

Other Rooms Info

Basement:  CrawlSpace

Basement:  No

Property Info

Habitable Residence:  ,No,

Section:  10

Class Type:  MultiFamily

Property Sub Type:  MultiFamily

Property Condition:  NewConstruction

Property Attached:  No

New Construction:  No

Construction Materials:  Concrete, Stucco, WoodFrame

Stories:  2

Mobile Home Remains:  ,No,

Foundation:  Crawlspace, Slab

Home Warranty:  ,No,

Human Modified:  Yes

Sqft Info

Sqft:  3,731

Bulding Area Sqft:  4,910

Living Area Units:  SquareFeet

Living Area Source:  PublicRecords

Tax Info

Tax Year:  2,023

Tax Lot:  1-2-12

Tax Legal Description:  TOWN OF BUNNELL BLOCK 136 LOTS 1-2-12 OR 245 PG 205 OR 462 PG 961 OR 462 PG 962 OR 463 PG 194 (CD) OR 1433 PG 1993-FJ OR 2203/795 OR 2355/368

Tax Block:  136

Tax Annual Amount:  8161

Tax Book Number:  245/205

Unit Info

Rent Controlled:  No

Total Units:  5

Total Actual Rent:  6,150

Unit:  All Units

Utilities / Hvac

Electric On Property:  ,No,

Heating:  Central, Electric, HeatPump

Water Source:  Public, MultipleMeters

Sewer:  PublicSewer

Cool System:  CentralAir, AtticFan, CeilingFans

Cooling:  Yes

Heating:  Yes

Utilities:  ElectricityConnected, MunicipalUtilities, SewerConnected, WaterConnected

Waterfront / Water

Waterfront:  No

View:  No

Directions

EZ!! Drive west on US 100 (E. Moody Blvd.) into City of Bunnell and turn right on N Church Street!!

This listing courtesy of Better Buy Realty, Llc 

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On davidshippey.com since Sun, Aug 4th 2024
No Property History recorded for this listing.

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If you have any questions on 300 N Church Street UNIT All Units, Bunnell, Florida, please call David Shippey at 863-521-4517.


MLS# FC302326 located at 300 N Church Street UNIT All Units, Bunnell, Florida is brought to you by David Shippey REALTOR®

300 N Church Street UNIT All Units, Bunnell, Florida has 7 Beds, 0 Full Bath, and 0 Half Bath.
The MLS Number for 300 N Church Street UNIT All Units, Bunnell, Florida is FC302326.
The price for 300 N Church Street UNIT All Units, Bunnell, Florida is $799,900.
The status of 300 N Church Street UNIT All Units, Bunnell, Florida is Active.
The subdivision of 300 N Church Street UNIT All Units, Bunnell, Florida is Town/bunnell.
The home located at 300 N Church Street UNIT All Units, Bunnell, Florida was built in 2024.

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