FLORIDA 2 Story Duplex INCOME Property
FOR SALE BY OWNER
CRESCENT CITY FLORIDA

CONTRACT PENDING ON 2 ADJOINING LOTS

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Crescent City Properties in Putnam County, Florida

This Crescent City property has beautiful tree lined streets with enormous old oak trees providing that stately look you only see in older established neighborhoods. It is an as yet undiscovered peice of Florida paradise. Crescent Lake has intracoastal access via Dunns Creek which 60' yachts come down from the St.Johns river. There is a large public boat ramp, dock and waterfront restaurant within walking distance of this property as well as private marinas nearby. Many of the older homes have already been bought up by enterprising individuals seeing the enormous potential this town has to offer. They have restored these old houses to their original glory making this historical neighborhood come alive once again. It is a quiet place to relax with breathtaking views of Crescent Lake as you drive along Lake Street.
Video tour of Crescent City

This 2 Story Duplex Rental Income Property
is now for sale for $128,900
located at: 116 Eucalyptus Ave., Crescent City, FL 32112

Reason for Selling: Owner has owned it 16 years and is 76 yrs old so feels it is time to sell

House Lot: 75 X 110 = 8,250 sq.ft. facing Eucalyptus - $128,900
Property taxes $2,228.20 per yr.

Only Accepting
CASH OFFERS ONLY in "AS IS" Condition.
No Realtors or Buyers Agents - Buyer Must Show Up in Person
and have PROOF OF FUNDS IN HAND.
No offers from people needing to be financed.

Each floor rents for $800 per month w.utilities included of electric, water, sewer, trash. After paying the utilities and your property taxes and insurance you clear about $1000 per month in income.

CONTRACT PENDING ON 2 ADJOINING LOTS

Lot #1: 75 X 110 = 8,250 sq.ft. on the corner of Eucalyptus and Park St. - $24,000 / Property taxes $327 per yr.
Lot #2: 75 X 150 = 11,250 sq.ft. fronting on Park St. - $26,000 /Property taxes $373 per yr.

The house and 2 adjoining lots are all deeded separately.

Public Boat Ramp within walking distance, you can park a boat in your yard.
Crescent Lake has access to the St. Johns River thru Dunns Creek. The St. Johns River goes north into the Intracoastal Waterway and ocean via St.Augustine and Jacksonville Inlets.
Crescent Lake is a 15,960-acre freshwater lake located in Putnam and Flagler counties in North Central Florida. The lake is approximately 13 miles in length and 2 miles wide. I have seen Boats up to 40' on that lake and sailboats.

Photos are shown below of different views looking out from the lots as well as photos of houses in the area so you can get an idea of what the neighborhood is like.

There is a brand new Winn Dixie and Middle/High School 3 miles up the road from here, there are also waterfront restaurants - 3 Bananas and few smaller ones at nearby fish camps. Crescent City has banks, insurance companies, dollar store, fast food places, assorted restaurants and small businesses. There are boat races on Crescent Lake and Crescent City is famous for it's Catfish Festival and Christmas Parade. Builders/Contractors have already purchased properties along certain sections of Crescent Lake across from the Winn Dixie to build Condominiums in the near future.

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Google Maps Street View

Map of Crescent City Florida
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SURVEY


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Slideshow of House
Front of House in Crescent City
House
Front of House
Porch
Porch
Porch
Historical Home Built in the 1900's.
Door on Right to shared
Laundry Room
Kitchen
Kitchen
Kitchen
Kitchen
Kitchen
Kitchen
No disposal or dishwasher
Cabinets are painted wood and countertops are formica
City Water & Sewer
Livingroom
Livingroom
Livingroom
Livingroom
Den
Den Office
All new paint inside on both floors
New carpets and ceiling fans w.lights
Den
Den Office
Den
Den Office
Den
Den Office
Would make a nice office for the remote worker
Has wood folding doors for privacy
Downstairs Office & Bedroom
have Terrazo Flooring
Bedroom
Bedroom
Bedroom
Bedroom
Bedroom
Bedroom
Both Floors are now rented.

New Ceiling Fans w.lights in BR, LR, Office
bath
Bath
bath
Bathroom Sink
bath
Bathroom Toilet
bath
Bathtub
Metal bathtub
as you can see all the walls are tiled as well as the floor.
Kitchen
Upstairs Kitchen
Kitchen
Upstairs Kitchen
Livingroom
Upstairs Livingroom
Livingroom
UpstairsLivingroom
1st Bedroom
Upstairs 1st Bedroom
1st Bedroom
Upstairs 1st Bedroom
Balcony
Upstairs Balcony View East
Upstairs Bath
Upstairs Bath
Upstairs Bath
Upstairs Bath
Upstairs Bath
Upstairs Bath
2nd Bedroom
Upstairs 2nd Bedroom
2nd Bedroom
Upstairs 2nd Bedroom
2nd Bedroom
Upstairs 2nd Bedroom
Since both floors are now rented
the insides of the apartments
will only be shown to
Pre-Qualified Buyers.
Balcony View
Balcony View
Balcony View
Balcony View
Balcony View
Balcony View
Balcony
Balcony View West
Balcony View
Balcony View

Bottom floor on 1 year lease started November 1st, 2020.
Upstairs 1 yr. lease started December 1st, 2020
Both apartments have been leased for $800 per month w.utilities included of electric, water, sewer, trash pickup. This gives you approx. $1000 per month in income after paying utilities, property taxes and insurance.
Florida law requires the new buyer to honor the leases or provide alternative rental arrangements for tenants.


Some of these are large panoramic images that you can click on to make larger.

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Looking at back Lot
Orange/Tangerine Trees
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Standing on lot looking
south down Park St.
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View from lot
looking south
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Looking at lot north
up Park St.
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Looking at lot from
corner across the street

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House across street
on corner
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House across st.
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Looking down Eucalyptus
towards Lake
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Crescent Lake
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House in neighborhood
crescent city
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House in neighborhood
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3 Bananas

Plants that grow well on your property here are:
Flowers: Roses, antique roses, climbing roses, gardenias, begonias, camellias, amaryllis, azaleas, ,honeysuckle, larkspur, achimenes, tiger lilies, day lilies, canna lillies, easter lilies, mistletoe, crepe myrtles, oleander, poinsetta, shrimp plants, red dragons.
Scrubs & Grasses: St. Augustine grass, Saw Palmetto, wiregrass, pampas grass, sawgrass, short pines for landscaping
Trees: Olive, Hickory, Maple, Oak, Long leaf pine, Pecan, Cedar, Magnolia, Weeping Willow
Fruit: Orange, Grapefruit, Lemon, Lime, Banana, Starfruit, Georgia Peaches, Grapes
Palms: Canary palms, Princess palms, Medjool date palms, Windmill palms, Spanish Fan palm, Sago palm.
Exotic: Orchids, White birds of paradise, Travelers Palm, Elephant Ears, wild taro, Assorted Ferns such as Leatherleaf, Pomegranite, Indian bean trees, Orchid trees.
Veggies for your garden:
Sweet, bell and hot peppers, yellow squash, zuchini, tomatoes, eggplant, sweet potatoes, cabbage, green beans.


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