Movoto Real Estate
Sold on 09/23/2021
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420 422 Alabama Ave, Saint Cloud, FL 34769

$395,000

Last sold 09/23/2021 for $318K

  • —

    bed

  • —

    bath

  • 1,788

    Sqft ($178/Sqft)

Multi-family not for sale

About 420 422 Alabama Ave

Property type Multi-family
Neighborhood
Year built 1972
HOA fee $0/month
Lot size 0.34 Acre
Movoto estimate
Rental estimate
Property description
Excellent Investment Opportunity with excellent Long Term tenants ideally located within a few steps of the popular Multi-Million Dollar St Cloud Lakefront Recreational Park. This well maintained duplex of 2- 2 bed/ 1 bath units boasts one tenant who has been there since 2017 that pays a month ahead an under market rent of $1050 . Current lease expires in April 2022. Possible opportunity to increase current discounted rent at that time. Other tenant since Sept 2020 and lease expires September 2022 at $1250 a month. Property features oversized 150 ft treed lot with vehicular access lane in the rear ,appliances including one washer & both dryers ,12 yr old roof, a 6yr old A/C , 5 & 8 yr old water heaters and exterior storage closets. Owner's Storage Shed in back yard. Pictures of vacant unit is Unit#422 that were taken when it was remodeled and updated in Sept 2020 prior to the current tenant taking occupany. Other pictures are of unit# 420 remodeled a few years before. Purchase and enjoy an excellent and immediate income at a Cap Rate very close to 7%. Call Today!
Listed by
Listing Agent - Keith Libby, Sr.
Listing Office - LIBBY REALTY, INC.
Source: Stellar MLS mls logo
MLS#S5055370 • last updated 5 years ago
Movoto checked Stellar MLS for data 5 minutes ago
Overview
Cooling/AC Central Air
Levels/Style One
Type Residential Income
Virtual Tour N/A
SubType Duplex
Status Sold
MLS # S5055370
SqFt 1788
Lot Size (Acres) 0.34
Lot Size (SqFt) 14985
Property Tax 2393.3
Year Built 1972
Interior
Laundry Laundry Closet
Interior Features Master Bedroom Main Floor
Exterior
Exterior Sliding Doors
Roof Shingle
Construction Block
Foundation Slab
Parking Desc Driveway
Amenities / Utilities
Utilities Desc BB/HS Internet Available, Cable Available, Electricity Connected, Fire Hydrant, Public, Sewer Connected, Street Lights, Water Connected
Sewer Public Sewer
Security Features Smoke Detector(s)
Location
County Osceola
Community Features Boat Ramp, Fishing, Park, Playground, Boat Ramp, Sidewalks, Water Access, Waterfront
Subdivision LAKE FRONT ADD
APN 01-26-30-0001-0386-0040
Zoning SR2
Multifamily Details
Unit Type 1: Pro Forma 2300
Total # of Units 2
Annual Gross Income 27600
Lot/ Land Details
Road Surface Type Paved
Road Responsibility Public Maintained Road
$395K
Range: $331K-$458K
Last 30 days 
Rental est.: $1,401/month
Gross rent multiplier: 18.9
  • Sep 2021
    Public Records
  • Sep 23, 2021 Sold
    $318,000
  • Sep 2021
    mls logo MLS # S5055370
  • Sep 21, 2021 Sold
    $318,000 (-9.1%)
  • Sep 1, 2021 Pending
    —
  • Aug 22, 2021 Listed
    $349,900 (+86.6%)
  • Jul 2007
    Public Records
  • Jul 24, 2007 Sold
    $187,500
  • Year Property taxes Tax assessment
  • 2024
    $6,028 +0.8%
    $337,300 +1.75%
  • 2023
    $5,978 +36.4%
    $331,500 +36.59%
  • 2022
    $4,382 +66.6%
    $242,700 +67.15%
  • 2021
    $2,631 +9.9%
    $145,200 +12.47%
  • 2020
    $2,393 +8.4%
    $129,100 +9.59%
  • 2019
    $2,208 +9.3%
    $117,800 +11.24%
  • 2018
    $2,020 +1.8%
    $105,900 +3.82%
  • 2017
    $1,984 +3.7%
    $102,000 +4.62%
  • 2016
    $1,913 +3.6%
    $97,500
  • 2015
    $1,847
    —
  • 420 422 Alabama Ave
    $318K
  • Lake Front Add
    —
  • 34769
    $309K -6% y/y
  • Saint Cloud
    $449K 0% y/y
No chart available
Statistics calculated by Movoto

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6/10
Lakeview Elementary School
public Grades PK, K-5
The School District of Osceola County
4/10
St. Cloud High School
public Grades PK, 9-12
The School District of Osceola County
5/10
St. Cloud Middle School
public Grades 6-8
The School District of Osceola County
Source: GreatSchools.org © 2026. All rights reserved.

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  • 420 422 Alabama Ave
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