539 New York Ave, Dunedin, FL 34698

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Building Details:

• Year Built: 1968

Price significantly reduced due to sinkhole activity in 2 buildings.

Five Buildings housing 10 Apartments: 8 - Two Bedroom / 1 Bath and
2 - One Bedroom / 1 Bath.

Zoning - R-60 “Grandfathered” use as 5 duplexes.

Improvements: Four 2,376 Sq. Ft. Cement Block Buildings, One 1,554 Sq. Ft. Cement Block Building and a swimming pool. Income: The property has a history of high occupancy. Recently 4 tenants were asked to move due to sinkhole activity. Current rent roll would normally produce $75,720 in scheduled income. Repaired it has the potential produce at least $86,400 in scheduled income - 5% vacancy = $82,080 - 35% expenses $28,728 = $53,350 Net Operating Income. This analysis is based on $750 for 2 Bedroom apartments and $600 for one Bedroom apartments.

Note: The property is being sold “AS IS” by the Trustee of the Estate. The Trustee has no knowledge of the property other than sinkhole activity in to two of the 5 buildings and cannot provide any Disclosures, Warranties or Guarantees.