Income Rental Property Milton, FL

Real Estate Agent with Gulf Coast Home Experts BK3213844




Investment money maker in the heart of Milton and walking distance to Downtown, with a beautiful waterfront boardwalk and quaint and quirky shops and restaurants! Listed for $225,000 / $45,000 per door, this is a great rental investment property.


5049 Canal Street Milton FL

**Brand new HVAC inside and out installed Unit A $5900 May 2019, new units installed for Units C and D, inside and out $3647 October 2018, and Unit B outside $2690 August 2018**This unique apartment building contains 5 units. Laundry facility on site, with parking in the rear. Beautiful 2nd story deck was replaced in 2013. Nice park with fountain across the street. Unit A- $725/mo (needs work-currently vacant as of May 2019), Unit B- $775/mo, Unit C- $725/mo, Unit D- $685/mo, Unit E- $600/mo, for an annual gross income of $42120. Annual Expenses include: $3425 gas/water/sewer/garbage, $7293 electric, $1644 property taxes, $1972 insurance, $4200 property management, for a potential cap rate of 10% ($23,586 net income) with current income and expenses, or 12% ($27,786 net income) if managing the property yourself. Call Trish Sarfert, Gulf Coast Home Experts at 850-449-0908 for more information or to schedule an appointment to view the property. So as not to disturb tenants with unqualified buyers, property will only be shown to purchasers who can show proof of cash or commercial loan approval.  **DO NOT DISTURB TENANTS** BY APPOINTMENT ONLY**

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Trish Sarfert, Broker Associate, GRI, MRP

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Gulf Coast Home Experts


Gulf Coast Home Experts Pensacola Florida






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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow Trish looks like a great deal to rent and enjoy the area in.  Thanks for passing it on.


May 21, 2019 10:46 AM #1
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Trish,  This is a great opportunity for an investor.  I am sure you will find a buyer interested in this rental income property, real soon.

May 21, 2019 05:55 PM #2
Richard Weeks
Dallas, TX
REALTOR®, Broker

Congratulations on your new listing.  Nice house and nice job with your presentation.

May 22, 2019 03:20 AM #3
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Trish Sarfert congratulations on this listing, and I hope the right Buyer comes along quickly.

May 25, 2019 01:11 PM #4
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Trish Sarfert

Serving military & civilian relocations!
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