205 Zeagler DR

Palatka, FL
$ 1,599,000 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

Great Investment and/or 1031 Exchange property with 6 total units totaling over 11,600 sf of leasable space. 4 of the units have established business leases in place - medical related and other business uses. Two others are currently for lease in separate listings. They were former Medical Labs. 5% CAP rate at List Price even with the two vacancies. When those lease, the CAP rate will increase to over 7%. Hidden Value in this deal is the excess land that can be developed into at least 4 more units. This is a great investment property.

Commercial

  • Price
  • $ 1,599,000
  • Lot Size
  • 4.5 Acres
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Year Built
  • 1989
  • Half Bathrooms
  • 0
  • City, Zip
  • Palatka
  • County
  • PUTNAM
  • Style
  • Business,Commercial,Investment,Office,Vacant Land
  • Area
  • Greater Palatka
  • MLS#
  • 1128163
  • Zip
  • 32177
Listing Provided by: COLDWELL BANKER VANGUARD REALTY
Data Source: Northeast Florida MLS (NEFMLS)

Features

General

# of Buildings 4 Buildings
Annual Desc/invest: Existing Rental Inc 129918.00
Annual Desc/invest: Net Operating Income 75788.00
Annual Desc/invest: Occupancy Rate 67.00
Annual Desc/invest: Total Oper Expenses 54130.00
Category Commercial
Days on Market 150
Expenses Include Accounting/Legal, Advertising, Insurance, Licenses & Permits, Repairs & Maint, Taxes-Real Estate
Legal Description PT OF NW1/4O NW1/4 OR328, P1603(EX OR599 P1068 OR786, P588 OR639PP1639 1666 OR951, P1444) & PT OF NW1/4OFNW1/4 OR599, P1068
Listing Area 561-GREATER PALATKA
Lot Location Suburban
Occupancy Tenant Occupied
Possible Financing Cash, Conventional
Present Use/zoned Commercial, Professional/Office
Property Type F
Region 56-PUTNAM COUNTY-NE
Road Frontage City Street, County Road
Roof Metal, Shingle
Status Active
Stories 1 Story
Tenant Expenses CAM
Type Commercial
Utilities Cable - Connected, Sewer - Public, Water - Public
Waterfront No
Year Built 1989
Zoning 01900- Prof Off

Interior Features

# of Units 5 - 10 Units
HVAC Central
Living Area 11620.00
Total Rooms/units 6

Exterior Features

Condition Excellent
Exterior Slab, Steel Framing, Wood Frame
Exterior Wall Stucco
Lot Description/view Natural Drainage, Regular Lot, Sidewalks
Navigable to Ocean No
Parking Facilities > 1 Space Per Unit, Asphalt Blacktop, Concrete, No Covered Parking, Over 100 Spaces
Road Surface Asphalt Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Jacksonville Beach, FL office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/26/2021 Listed $1,599,000

Property vs Zip Code Average in 32177

Price
AVG $600K
$1.6M
Visits
AVG 64
35
Year Built
AVG 1962
1989
Walkscore
AVG 28
8
Data Provided by Walkscore ® not using MLS data

Map

205 Zeagler DR Palatka, FL is a Single Family Home for sale at $1599000 and a lot size of 4.5 Acres Acre(s). 205 Zeagler DR Palatka has 0 bedrooms, 0 baths and was built in 1989. The property's zip code is 32177 which is in Palatka, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.