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461 BENTWOOD Lane, Orange Park, FL 32073
$355,000
Property Type:
Residential Income
Bedrooms:
8
Baths:
48
Square Footage:
22,116
Status:
Closed
Current Price:
$355,000
List Date:
11/27/2020
Last Modified:
2/04/2025
Overview
Description
Supplements:
Listing Details MLS# 1084452
General Property Information
- Number Of Units Total
- 24
- Bedrooms Total
- 8
- Bathrooms Total
- 48
- Bathrooms Full
- 24
- Bathrooms Half
- 24
- Living Area
- 22116
- Living Area Source
- Public Records
- Year Built
- 1982
- Garage Spaces
- 48
- Pool Private YN
- No
- Water Body Access YN
- No
- Waterfront YN
- No
- Stories Total
- 2
- Stories
- 2
- Directions
- 295 - At exit 12, take ramp right for SR-21 toward Orange Park Mall Turn left onto SR-21 S / Blanding Blvd Turn right onto Wells Rd Turn left onto Cedar Bend
- Public Remarks
- Great opportunity to own rental property in a high demand area. Fully occupied. Current comps show rents are up to 950- 1050/m in this community HUD FAIR MARKET RENT IS $1,120.00 PER MONTH Plenty value add, . With property management in place this is a potential 34.03% IRR and 30.27% CASH offered at 8% Cap Rate 10 year hold SEE PROFORMA. This property has been well maintained. All annual lease. See attached Proforma. Hud Fair Market Rents for 2021 for zip code 32073 is $1120 for 2 bed room. Plenty of upside! Public records show property as having only one bath but there is a half bath in each unit connected to the master bedroom. Tenant Pays Water and Electric all units are metered individually. NEW FLOORING RECENTLY INSTALLED IN 95% OF THE UNITS See attached Docs
- List Price/SqFt
- 98.25
- Sold Price/SqFt
- 16.05
Property Features
Appliances:
Dishwasher; Disposal; Electric Oven; Electric Range; Electric Water Heater; Refrigerator
Construction Materials:
Frame; Shell Dash
Cooling:
Central Air
Flooring:
Tile; Vinyl
Heating:
Central
Listing Terms:
Cash; Conventional; FHA; VA Loan
Owner Pays:
Grounds Care; Insurance; Management; Other Tax; Pest Control; Trash Collection
Pool Features:
None
Possession:
Negotiable; Other
Road Surface Type:
Asphalt
Roof:
Shingle
Sewer:
Public Sewer
Water Source:
Public
Contract Information
- Listing Contract Date
- 2020-11-25
- Property Sub Type
- Quadruplex
Location Tax and Legal
- Street Number
- 461
- Street Name
- BENTWOOD
- Street Suffix
- Lane
- County
- Clay
- State
- FL
- Postal Code
- 32073
- Subdivision Name
- Cedar Bend
- MLS Area Major
- 131-Meadowbrook/Loch Rane
Status Change Information
- Major Change Timestamp
- 2021-03-09T17:21:55Z
- Major Change Type
- Status Change
- Purchase Contract Date
- 2020-12-30
- Close Date
- 2021-01-29
- Close Price
- 355000
Income and Expenses
- Gross Income
- 259200
- Gross Scheduled Income
- 28800
- Operating Expense
- 9600
More Information
Historical Information
- Public Historical Remarks 1
- Occupancy Rate: 92, Annual Property Tax: 20526, Annual Fees and Income-Annual Mgmt Fee: 18483, Annual Fees and Income-Annual Insurance Exp: 5163, Lot Location-Suburban: Y, Possible Financing-1031 Exchange: Y, Approx Lease SqFt: 22116.00, Present Common Exp: Water, Number of Buildings: 4+ Buildings, Present Rental Terms: Month to Month,Year,6 + Month, Two Bedroom Rentals: $801 to $1000/Month,$1001 to $1500/Month
- Public Historical Remarks 2
- Annual Rent: 257000.00, Number of Units-21 - 25 Units: Y, # 2 Bedroom Units: 24, Annual Utilities: 9600, Present Tenant Exp: All Electric,Water
Location, Tax, and Legal
- Country
- US
- Parcel Number
- 06042601068710400
Appliances
- Dishwasher
- Yes
- Disposal
- Yes
- Electric Oven
- Yes
- Electric Range
- Yes
- Electric Water Heater
- Yes
- Refrigerator
- Yes
Construction Materials
- Frame
- Yes
- Shell Dash
- Yes
Cooling
- Central Air
- Yes
Flooring
- Tile
- Yes
- Vinyl
- Yes
Heating
- Central
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- FHA
- Yes
- VA Loan
- Yes
Owner Pays
- Grounds Care
- Yes
- Insurance
- Yes
- Management
- Yes
- Other Tax
- Yes
- Pest Control
- Yes
- Trash Collection
- Yes
Pool Features
- None
- Yes
Possession
- Negotiable
- Yes
- Other
- Yes
Road Surface Type
- Asphalt
- Yes
Roof
- Shingle
- Yes
Sewer
- Public Sewer
- Yes
Water Source
- Public
- Yes
Documents
Listing Office:
FLORIDA HOMES REALTY & MTG LLC

Last Updated: February - 04 - 2025
Information deemed reliable but not guaranteed.
Offering Memorandum ›