Sold
Last Sold Price
16 beds16 baths6,400 sqft

681 Rainer Rd, Unit 3, Baldwin, FL 32234

Multi FamilyProperty Type
1.98 acresLot Size
1980Year Built
$72/sq ftPrice per sq ft

Description

VERY UNIQUE OPPORTUNITY TO ADD VALUE, Increase Cash Flow and experience significant ROI with the purchase of this multi family property. Property includes two Quad Plexes. There are also seven mobile homes on property that must be removed. May be possible to add new mobile homes or build additional duplex / quadplex to significantly increase cash flow. Please see pro forma under documents section for current and projected financial performance. Both quad plexes have been nearly 100% occupied since...VERY UNIQUE OPPORTUNITY TO ADD VALUE, Increase Cash Flow and experience significant ROI with the purchase of this multi family property. Property includes two Quad Plexes. There are also seven mobile homes on property that must be removed. May be possible to add new mobile homes or build additional duplex / quadplex to significantly increase cash flow. Please see pro forma under documents section for current and projected financial performance. Both quad plexes have been nearly 100% occupied since current owner purchased. With some additional investment, property rents for all units could be increased. Truly an opportunity to purchase a property at discount that has the potential to be a marquee investment.
  • Listed by: BRIAN GABREE 888.883.8509 A.Shahin.Broker@exprealty.net • eXp REALTY LLC
Listing closed: 11/14/2021 07:00 PM • Source: NEFMLS, MLS#: 1049299
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Recent comparable sales

Median sold price

$299,900

Avg days on market

53

Sale-to-list ratio

95.2%

Baldwin, FL

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Location

Listing Courtesy of eXp REALTY LLC

Sold By eXp REALTY LLC

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$2,906 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,456

Property Taxes

$450

HOA Dues

$0

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Property Information for 681 Rainer Road, Unit 3

Property Details

  • MLS Type: Residential Income / Quadruplex
  • County: Duval County
  • Subdivision Name: Baldwin

Building Information

  • Stories: 2
  • Residences: 8
  • Year Built: 1980
  • Lot Size: 1.98 AC / 86,100 SF

Summary

Location and General Information
  • Country: US
  • Directions: I-10 W. to right on to US 301 North. Turn right on W. Beaver Street. Turn Right on to Yellow Water Road then right on Rainer Road.
  • MLS Area Major: 081-MARIETTA/WHITEHOUSE/BALDWIN/GARDEN ST
  • City: BALDWIN
  • State: FL
  • Postal Code: 32234
  • County: DUVAL
  • Latitude: 30.299519
  • Longitude: -81.968171
  • MLS Area Minor: 081-MARIETTA/WHITEHOUSE/BALDWIN/GARDEN ST
  • General Property Information: Waterfront YN: No
  • Road Surface Type: Asphalt: Yes
  • Road Surface Type: Gravel: Yes
Taxes and HOA Information
  • Parcel Number: 0006490000
  • Association Fee: $.00
Parking
  • Garage Spaces: 0
  • Parking Features: Parking Lot, Unassigned
  • Attached Garage: No
  • General Property Information: Garage Spaces: 0.0
  • Parking Features: Parking Lot: Yes
  • Parking Features: Unassigned: Yes
  • Parking Features: Other: Yes

Property

Lot Information
  • Living Area Source: Public Records
  • Lot Size Acres: 0.0
  • Lot Size Dimensions: 205 x 420
  • Living Area: 6400.0
  • Lot Size Area: 0.0
  • Lot Size Square Feet: 0.0
Property and Assessments
  • Year Built: 1980
  • MLS Approval Status: Yes
  • General Property Information: Lot Size Dimensions: 205 x 420
  • General Property Information: Living Area: 6400.0
  • General Property Information: Number Of Units Total: 8.0
  • General Property Information: Living Area Source: Public Records
  • General Property Information: List Price/SqFt: 78.12
  • General Property Information: Sold Price/SqFt: 71.88
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • Sewer: Public Sewer: Yes
  • Water Source: Public: Yes

Interior and Exterior Features

Exterior Features
  • Road Surface Type: Asphalt, Gravel
  • Pool Features: None
  • Pool Features: None: Yes
  • Roof: Metal: Yes
Interior Features
  • Stories Total: 2
  • Stories: 2
  • Cooling: Central Air
  • Heating: Central
  • Bathrooms Total (Integer): 16
  • Bathrooms Total (Decimal): 12.0
  • Bathrooms Total (Notational): 8.8
  • Cooling: Yes
  • Heating: Yes
  • General Property Information: Stories: 2.0
  • General Property Information: Stories Total: 2.0
  • Appliances: Electric Oven: Yes
  • Appliances: Electric Range: Yes
  • Appliances: Electric Water Heater: Yes
  • Appliances: Refrigerator: Yes
  • Cooling: Central Air: Yes
  • Heating: Central: Yes
  • BedroomsTotal: 16.0

Multi Family

Multi Family Information
  • Unit Number: 3
  • Number of Units: 8
Income & Expenses
  • Gross Income: $68,400
  • Gross Scheduled Income: $86,400
  • Income and Expenses: Gross Income: 68400.0
  • Income and Expenses: Gross Scheduled Income: 86400.0

Agent

Showing and Remarks
  • Public Remarks: VERY UNIQUE OPPORTUNITY TO ADD VALUE, Increase Cash Flow and experience significant ROI with the purchase of this multi family property. Property includes two Quad Plexes. There are also seven mobile homes on property that must be removed. May be possible to add new mobile homes or build additional duplex / quadplex to significantly increase cash flow. Please see pro forma under documents section for current and projected financial performance. Both quad plexes have been nearly 100% occupied since current owner purchased. With some additional investment, property rents for all units could be increased. Truly an opportunity to purchase a property at discount that has the potential to be a marquee investment.
  • General Property Information: Directions: I-10 W. to right on to US 301 North. Turn right on W. Beaver Street. Turn Right on to Yellow Water Road then right on Rainer Road.
  • General Property Information: Public Remarks: VERY UNIQUE OPPORTUNITY TO ADD VALUE, Increase Cash Flow and experience significant ROI with the purchase of this multi family property. Property includes two Quad Plexes. There are also seven mobile homes on property that must be removed. May be possible to add new mobile homes or build additional duplex / quadplex to significantly increase cash flow. Please see pro forma under documents section for current and projected financial performance. Both quad plexes have been nearly 100% occupied since current owner purchased. With some additional investment, property rents for all units could be increased. Truly an opportunity to purchase a property at discount that has the potential to be a marquee investment.
  • Historical Information: Public Historical Remarks 1: Type-Multi Units: Y, Annual Property Tax: 5406, Annual Fees and Income-Annual Insurance Exp: 3600, Number of Buildings: 4+ Buildings, Present Rental Terms: Month to Month,Year, Two Bedroom Rentals: $501 to $600/Month
  • Historical Information: Public Historical Remarks 2: Number of Units-5 - 10 Units: Y, # 2 Bedroom Units: 8
  • Historical Information: Public Historical Remarks 3: Type: Multi Units

Rental

Rental Information
  • Roof: Metal

Property History for 681 Rainer Road, Unit 3

DateEvent & SourcePriceAppreciation
Nov 14, 2021

Sold

NEFMLS #1049299

$460,000—
Oct 25, 2021

Pending

NEFMLS #1049299

—
Oct 14, 2021

Listed (Active)

NEFMLS #1049299

$600,000—
DateEvent & SourcePrice
11/14/2021

Sold

NEFMLS #1049299

$460,000
10/25/2021

Pending

NEFMLS #1049299

—
10/14/2021

Listed (Active)

NEFMLS #1049299

$600,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

681 Rainer Road, Unit 3

Total Finished SqFt

12,132 SqFt

Above Grade Finished SqFt

12,132 SqFt

Stories

1

Lot Size

85,003 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1980

Schools near 681 Rainer Road, Unit 3

This home is within Duval County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Charter - 6 to 12
Charter - K to 8
Rating
School
Distance
Mamie Agnes Jones Elementary School
PublicPK to 5

Baldwin Middle-Senior High School
Public6 to 12

San Jose Early College
Charter6 to 12

Duval Charter School At Westside
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 681 Rainer Road, Unit 3, Baldwin, FL 32234
$460,000
16
16
6,400
86,100
$460,000
–
2
672
85,003
–
–
6
3,432
11,923
–
–
–
–
28,517
$192,400
–
–
–
–
$115,000
4
1,620
–

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Listing Courtesy of eXp REALTY LLC

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.