300 North Church Street, Unit ALL S
Bunnell, FL 32110
$799,900
Price
7
Beds
3,731 Sq. Ft.
$214 / Sq. Ft.
3,731
Sq. Ft.
$214
per Sq. Ft.
Virtual Tour
Virtual Tour
Description
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...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.
- Listed by Kathleen Donaghy • BETTER BUY REALTY, LLC
- Listed by JEFFREY SAWYER • BETTER BUY REALTY, LLC
Property Details for 300 North Church Street, Unit ALL S
Subdivision Name
TOWN/BUNNELL
Township12
Garage Spaces2
WaterfrontNo
LISTING UPDATED: 09/30/2024 05:05 PM
Property Details for 300 North Church Street, Unit ALL S
| Status | Active |
|---|---|
| MLS # | FC302326 |
| Days on Market | 141 |
| Taxes | $8,161 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Multi-Family |
| Year Built | 1997 |
| Lot Size | 0.36 AC / 15,755 SF |
| County | Flagler County |
Virtual Tour
Building Information for 300 North Church Street, Unit ALL S
Stories-Residences5Year Built1997Building Size-Lot Size0.36 AC / 15,755 SF
Property Information for 300 North Church Street, Unit ALL S
Summary
Location and General Information
- Building Area Source: Public Records
- Building Area Total: 4910.0
- Building Area Units: Square Feet
- Directions: EZ!! Drive west on US 100 (E. Moody Blvd.) into City of Bunnell and turn right on N Church Street!!
- Elementary School: Bunnell Elementary
- Middle Or Junior School: Buddy Taylor Middle
- High School: Flagler-Palm Coast High
- Mls Major Change Type: New Listing
- Major Change Type: New Listing
- Listing Service: Full Service
- Senior Community: No
- Unit Number: No
- Street Number: 300
- Street Direction Prefix: N
- Street Name: CHURCH
- Street Suffix: STREET
- Unit Number: All Units
- State: FL
- City: BUNNELL
Parking
- Attached Garage: Yes
- Available For Lease: Yes
- Carport: No
- Garage Dimensions: 28x23
- Garage: Yes
- Parking Features: Assigned, Ground Level, Off Street
Taxes and HOA Information
- Association: No
- CDD: No
- Pet Restrictions: Contact City of Bunnell for requirements and any restrictions concerning pets and animals.
- Tax Block: 136
- Tax Book Number: 245/205
- 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 Lot: 1-2-12
- Tax Year: 2023
Virtual Tour
- Virtual Tour URL Branded: https://my.matterport.com/show/?m=mTg5X1eWSAt&mls=1
- Virtual Tour URL Branded 2: https://my.matterport.com/show/?m=KqAh2nKjMQp&mls=1
- Virtual Tour URL Unbranded: https://my.matterport.com/show/?m=vSKh46iDU84&mls=1
- Virtual Tour URL Unbranded 2: https://my.matterport.com/show/?m=Gg556GA892Q&mls=1
Property
Lot Information
- Additional Parcels: No
- Lot Features: Corner Lot, In City Limits, Level/Flat, Oversized Lot, Street Paved
- Parcel Number: 10-12-30-0850-01360-0010
- Total Acreage: 1/4 to less than 1/2
- Total Num Buildings: 3
- Water Access: No
- Water Extras: No
- Zoning: R-1
- Living Area: 3731
Property and Assessments
- Year Built Numeric: 1997
- Flood Zone Code: X
- Flood Zone Date: 06-06-2018
- Flood Zone Panel: 12035C0209E
- Homestead: No
- New Construction: No
- Property Condition: Completed
- Public Survey Range: 30
- Public Survey Section: 10
Utilities
- Sewer: Public Sewer
- Utilities: Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected
- Water Source: Public
- Num Electric Meters: 5.0
- Num Water Meters: 5.0
Interior and Exterior Features
Exterior Features
- Construction Materials: Concrete, Stucco, Wood Frame
- Exterior Features: Balcony, Lighting, Private Mailbox, Rain Gutters, Storage
- Foundation Details: Crawlspace, Slab
- Levels: Two
- Patio And Porch Features: Covered, Deck, Enclosed, Front Porch, Porch, Screened, Side Porch
- Pool Private: No
- Pool: None
- Pool Private: No
- Roof: Metal
- Security Features: Security Lights, Smoke Detector(s)
- Spa: No
- Waterfront Feet Total: 0
Interior Features
- Bedrooms Total: 7
- Appliances: Electric Water Heater, Range, Refrigerator
- Cooling: Central Air
- Fireplace: No
- Flooring: Luxury Vinyl, Porcelain Tile
- Heating: Central, Electric, Heat Pump
- Interior Features: Attic Fan, Ceiling Fans(s), Eating Space In Kitchen, Open Floorplan, Solid Wood Cabinets, Thermostat
- Laundry Features: Electric Dryer Hookup, Laundry Room, Washer Hookup
- Living Area Source: Public Records
- Living Area Units: Square Feet
- Water View: No
- Window Features: Blinds, Double Pane Windows
Multi Family
Multi-Family Information
- Annual Expenses: $23,743
- Annual Net Income: $50,551.00
- Est Annual Market Income: $83,885.00
- Gross Income: $74,294
- Total Monthly Expenses: $1,979
- Unit Count: 5
Unit 1
- Unit Type Baths Total 1: 2
- Unit Type Beds Total 1: 3
- Unit Type Garage Attached 1: No
- Unit Type Garage Spaces 1: 0
- Unit Type Heated Sq Ft 1: 1388
- Unit Type Number Of Units Occupied 1: 1
- Unit Type Pro Forma 1: 1595
- Unit Type Type 1: 3 Bed/2 Bath
- Unit Type Units Total 1: 1
Unit 2
- Unit Type Baths Total 2: 1
- Unit Type Beds Total 2: 1
- Unit Type Garage Attached 2: No
- Unit Type Garage Spaces 2: 0
- Unit Type Heated Sq Ft 2: 848
- Unit Type Number Of Units Occupied 2: 1
- Unit Type Pro Forma 2: 1395
- Unit Type Type 2: 1 Bed/1 Bath
- Unit Type Units Total 2: 1
Unit 3
- Unit Type Baths Total 3: 1
- Unit Type Beds Total 3: 1
- Unit Type Garage Attached 3: No
- Unit Type Garage Spaces 3: 0
- Unit Type Heated Sq Ft 3: 414
- Unit Type Number Of Units Occupied 3: 1
- Unit Type Pro Forma 3: 1095
- Unit Type Type 3: 1 Bed/1 Bath
- Unit Type Units Total 3: 1
Unit 4
- Unit Type Baths Total 4: 1
- Unit Type Beds Total 4: 1
- Unit Type Garage Attached 4: No
- Unit Type Garage Spaces 4: 0
- Unit Type Heated Sq Ft 4: 469
- Unit Type Number Of Units Occupied 4: 1
- Unit Type Pro Forma 4: 1395
- Unit Type Type 4: 1 Bed/1 Bath
- Unit Type Units Total 4: 1
Unit 5
- Unit Type Baths Total 5: 1
- Unit Type Beds Total 5: 1
- Unit Type Garage Attached 5: Yes
- Unit Type Garage Spaces 5: 2
- Unit Type Heated Sq Ft 5: 612
- Unit Type Number Of Units Occupied 5: 1
- Unit Type Pro Forma 5: 1395
- Unit Type Type 5: 1 Bed/1 Bath
- Unit Type Units Total 5: 1
Rental
Rental Information
- Tenant Pays: Electricity, Sewer, Water
- Total Actual Rent: $6,150
- Pets Allowed: Yes
Property History for 300 North Church Street, Unit ALL S
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 300 North Church Street, Unit ALL S
This home is within Flagler.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 12 |
Rating | School | Distance |
|---|---|---|
Bunnell Elementary School PublicPK to 5 | ||
Buddy Taylor Middle School Public6 to 8 | ||
Flagler-Palm Coast High School Public9 to 12 | ||
Iflagler-Virtual Franchise Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of BETTER BUY REALTY, LLC
Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
