Description

I am offering, for sale, an 8000+ square foot two story historical building in Cresent City, FL. There are four 2 Bedroom apartments upstairs and 4000 feet of commercial space down stairs. The property is on a corner lot of around 1/2 an acre. There has been much upgrading done and there is still more necessary. The gross income with about half of the space rented is around $1,000.00 per month. There is always a tenant waiting for a new space to open up. The building is insured for $400,000.00 at ACV. Replacement is round $800,000.00. The building is made of brick and stucco with hardwood floors upstairs. As improvements are made, the price will increase