Skip To Content
    Return to Previous Page

    501 Hadas Ln., 501 E Pennsylvania Avenue

    Bonifay, FL 32425
    • $549,500
    • STATUS: Active
    • ON SITE: 320 days
    • MLS #: 692747
    UPDATED: 238 min ago
    $549,500
    • 14
      BEDS
    • 1.3
      ACRES
    • 12
      BATHS
    • 1
      1/2 BATHS
    • 8,120
      SQFT
    • $68
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Investment Opportunity! This listing consists of a large main home with 8 rental units. Possibility of $65k-$70k/yr.+ gross total rental income.*See pictures and documents for detailed lists on each unit* Main home: 4bed /3.5 bath- 3,338 sq ft (landlord quarters)Attached unit (currently up for rent): 2 bed/1 bath- will be rented for $675Cottage #511: 2 bed/1 bath- $650 (rented)Cottage #507: 1 bed/1 bath- $500 (rented)Cottage #505 (currently up for rent): 1 bed/1 bath- will be rented for $600Cabin #104 Hubbard: storage (previously was a beauty salon)Tri-plex #501: 2 bed/1 bath- $675 (rented)Tri-plex #503: 1 bed/1 bath- (currently being remodeled to be used as an AirBNB or furnished rental) will be rented for-$550Tri-plex #505: 1 bed/ 1 bath- $550 (renThe main home, occupied by the landlord, is a 4bed/3.5bath 3,338 sq ft built in 1930. New double-pane windows, storm doors, siding, roof, and baseboard. Air conditioner replaced in 2006 with a new heat pump, duct work, and air handler. The kitchen including all appliances was brand new in 2016. Home also had updated plumbing, electrical, and water heater in 2012. New sheetrock in the living room, hall, and guest bedrooms. Seller is updating the living room with a new ceiling, drywall, and flooring. (updated pics as work is done..purchase before work is done for reduced price). Unit #503 is the attached unit to the main home. It is a 2bed/1bath with central heat and a/c. The outside air handler was replaced in 2017 and it has new kitchen floor covering. Unit #511 was built in 1982, is 480 sq ft, and is a 2bed/1bath. The bathroom was redone in 2009, it has central heat/air, and new floor covering in the living room Unit #507 was built in 1991, is 472 sq ft, and is a 1bed/1bath. This unit had a new roof in 2011 and a new central a/c unit in 2015. Unit #505 was built in 1993, is 504 sq ft, and is a 1bed/1bath. It had a new roof in 2011 and is currently being run by window a/c units as the central unit is inoperable at this time. Unit #104 Hubbard was built in 1950, is 744 sq ft, and is currently being used as storage. It used to be a beauty salon and since it does have street-front parking there is commercial rental opportunity. It had a new roof in 2012 and does not currently have an a/c unit. The triplex was built in 1970 but has an effective year built of 1991. It is 2,582 sq ft and had a new roof in 2011. It is equipped with a covered carport and laundry room under the carport. The first unit in the triplex is Hadas #501. It is a 2bed/1bath and has a central a/c unit of 2005. Hadas #503 is a 1bed/1bath and has window unit a/c. It is currently being remodeled to be used as an AirBNB or furnished rental. Hadas #505 is a 1bed/1bath and has window unit a/c. It has a new fridge and stove. The workshop behind the triplex is spacious and the perfect size for keeping things to run the rentals onsite. The main home is the perfect opportunity to live onsite and run your rentals, have an onsite property manager, or capitalize on the fact that this spacious home could add a lot more to the rental income. Also, there is more income potential with the unit currently being used for storage since you may be able to rent it out commercially. (buyer to verify use with the County) The remaining units are already rented or in the process of being rented so you will immediately have an income-producing property. This unique property is a rare opportunity, especially to be in the city limits.

    Monthly Payment Calculator



    © 2020 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Counts Real Estate Group. Data last updated: 2020-11-29T00:04:17.353.
    www.countsbeachhomes.com/homes/102263152
    Print Image

    501 Hadas Ln., 501 E Pennsylvania Avenue Bonifay, FL 32425

    • Price: $549,500
    • Status: Active
    • Updated: 238 min ago
    • MLS #: 692747
    14
    Beds
    12
    Baths
    1
    ½ Baths
    1.3
    Acres
    8,120
    SQFT
    $68
    $/SQFT
    Neighborhood:
    [No Recorded Subdiv]
    County:
    Holmes
    Area:
    Holmes County
    Property Description
    Investment Opportunity! This listing consists of a large main home with 8 rental units. Possibility of $65k-$70k/yr.+ gross total rental income.*See pictures and documents for detailed lists on each unit* Main home: 4bed /3.5 bath- 3,338 sq ft (landlord quarters)Attached unit (currently up for rent): 2 bed/1 bath- will be rented for $675Cottage #511: 2 bed/1 bath- $650 (rented)Cottage #507: 1 bed/1 bath- $500 (rented)Cottage #505 (currently up for rent): 1 bed/1 bath- will be rented for $600Cabin #104 Hubbard: storage (previously was a beauty salon)Tri-plex #501: 2 bed/1 bath- $675 (rented)Tri-plex #503: 1 bed/1 bath- (currently being remodeled to be used as an AirBNB or furnished rental) will be rented for-$550Tri-plex #505: 1 bed/ 1 bath- $550 (renThe main home, occupied by the landlord, is a 4bed/3.5bath 3,338 sq ft built in 1930. New double-pane windows, storm doors, siding, roof, and baseboard. Air conditioner replaced in 2006 with a new heat pump, duct work, and air handler. The kitchen including all appliances was brand new in 2016. Home also had updated plumbing, electrical, and water heater in 2012. New sheetrock in the living room, hall, and guest bedrooms. Seller is updating the living room with a new ceiling, drywall, and flooring. (updated pics as work is done..purchase before work is done for reduced price). Unit #503 is the attached unit to the main home. It is a 2bed/1bath with central heat and a/c. The outside air handler was replaced in 2017 and it has new kitchen floor covering. Unit #511 was built in 1982, is 480 sq ft, and is a 2bed/1bath. The bathroom was redone in 2009, it has central heat/air, and new floor covering in the living room Unit #507 was built in 1991, is 472 sq ft, and is a 1bed/1bath. This unit had a new roof in 2011 and a new central a/c unit in 2015. Unit #505 was built in 1993, is 504 sq ft, and is a 1bed/1bath. It had a new roof in 2011 and is currently being run by window a/c units as the central unit is inoperable at this time. Unit #104 Hubbard was built in 1950, is 744 sq ft, and is currently being used as storage. It used to be a beauty salon and since it does have street-front parking there is commercial rental opportunity. It had a new roof in 2012 and does not currently have an a/c unit. The triplex was built in 1970 but has an effective year built of 1991. It is 2,582 sq ft and had a new roof in 2011. It is equipped with a covered carport and laundry room under the carport. The first unit in the triplex is Hadas #501. It is a 2bed/1bath and has a central a/c unit of 2005. Hadas #503 is a 1bed/1bath and has window unit a/c. It is currently being remodeled to be used as an AirBNB or furnished rental. Hadas #505 is a 1bed/1bath and has window unit a/c. It has a new fridge and stove. The workshop behind the triplex is spacious and the perfect size for keeping things to run the rentals onsite. The main home is the perfect opportunity to live onsite and run your rentals, have an onsite property manager, or capitalize on the fact that this spacious home could add a lot more to the rental income. Also, there is more income potential with the unit currently being used for storage since you may be able to rent it out commercially. (buyer to verify use with the County) The remaining units are already rented or in the process of being rented so you will immediately have an income-producing property. This unique property is a rare opportunity, especially to be in the city limits.
    Exterior Features

    Design N/A Lot Dimensions 150X140150X14075X145 Waterfront No

    Interior Features

    Furnished Furnished - None Rooms BedroomDining RoomFoyerFull BathroomHalf BathroomKitchenLaundryLiving RoomMaster BathroomMaster BedroomOwner'S Closet

    Property Features

    As Is Yes Community Resort None Construction Status Construction Complete Energy Ac - 2 Or MoreAc - Central ElectHeat - Central ElectricWater Heater - Electric Financing CashConventional Hoa Fee No Last Tax Year 2019 Last Taxes 1180.00 Sq Ft Source Prop App Site Utilities Community SewerCommunity WaterElectric

    Listing provided courtesy of Elite Realty. Listing information © 2020 Central Panhandle Association of Realtors MLS.


    © 2020 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Counts Real Estate Group. Data last updated: 2020-11-29T00:04:17.353.
     
    https://bt-photos.global.ssl.fastly.net/panamacity/1280_boomver_1_692747-2.jpg https://bt-photos.global.ssl.fastly.net/panamacity/1280_boomver_1_692747-2.jpg https://bt-photos.global.ssl.fastly.net/panamacity/1280_boomver_1_692747-2.jpg
    Logo
    Counts Real Estate Group
    2104 Thomas Drive
    Panama City Beach FL, 32408