278 Trinity PlLake City, FL 32055
11-Unit Rental Property, High ROI
Overview
- Added:
- Feb 11
- Days on market:
- 53
Highlights
- $1,400,000 asking price for a value-add, Class B multifamily property (Single Family Rental Portfolio).
- 11 units, 1 pad, 6,880 square feet on a 0.72 acres lot, 90% occupancy.
- $134,757 Net Operating Income (NOI) yielding a 9.63% cap rate.
- Seven 1-story buildings built in 1945, renovated between 2000 and 2023; 2 parking spaces per unit.
- Recent (August 2024) 4-point inspections and roof inspections completed with all noted items addressed. Extensive renovations completed on most units, including kitchen and bathroom upgrades, new appliances, and exterior painting. One unit vacant, one building used for storage, and a ready-to-build slab for potential expansion.
- Property located in Lake City, FL (32055), in an Opportunity Zone.
Property Details for 278 Trinity Pl
- Property type
- Residential income homes
- Square Feet
- 6,880 SF
- Class
- B
- Year Built/Renovated
- 1945/2000
- Buildings
- 7
- Stories
- 1
- Lot Size (sq. ft)
- 31,494 SF
- Units
- 11
Location Insight
- City
- Lake City
- County
- Columbia
- State
- Florida
- Latitude
- 30.1976258
- Longitude
- -82.6343156
Nearby Similar for Sale
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