Description
Income producing, maintenance-free, historic poured-in-place concrete building in ideal shopping and dining locale of Apalachicola. Recently renovated throughout for permanence and indestructibility. LEEDS standards for energy with LED lighting, DC 84 ceilings fans. ADA bath and private patio. South court yard fenced with Rudolf Valentino original cast iron panels. Timeless design nets over 5% annually with lease through 2022. New HVAC air handler installed 8/2020. Building was rented from February through December 2020. During this 11 month period it generated $22,000 GRI resulting in a 5.8% net rate of return.
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0BEDS
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0.04ACRES
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0BATHS
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01/2 BATHS
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1,904SQFT
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$199$/SQFT
School Ratings & Info
Description
Income producing, maintenance-free, historic poured-in-place concrete building in ideal shopping and dining locale of Apalachicola. Recently renovated throughout for permanence and indestructibility. LEEDS standards for energy with LED lighting, DC 84 ceilings fans. ADA bath and private patio. South court yard fenced with Rudolf Valentino original cast iron panels. Timeless design nets over 5% annually with lease through 2022. New HVAC air handler installed 8/2020. Building was rented from February through December 2020. During this 11 month period it generated $22,000 GRI resulting in a 5.8% net rate of return.
© 2021 Realtors Association of Franklin and Gulf Counties. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Naumann Group Real Estate, Coastal Office. Data last updated: 2021-01-20T23:42:23.517.