105 N 9th Street 6, Quincy, FL 32351
- Added:
- Apr 2, 2024
- Days on Market:
- 819
- Last Refresh:
- May 19 at 9:00 pm
Property Features for 105 N 9th Street 6
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1973
Listing office Xcellence Realty (305) 595-7355
Listing date Apr 2, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Xcellence Realty
HighLights
- Six‑unit multi‑plex presents a significant investment opportunity.
- All six apartments feature a desirable 2 bedroom/1 bathroom layout.
- Prime location within walking distance to downtown Quincy.
- Conveniently located just 20 minutes from Tallahassee.
- Long‑term owners indicate stable property management.
- History of long‑term renters suggests consistent rental income.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.2k | $18.00 |
| − Vacancy | −$7.8k | −$1.44 |
| EGI | $89.4k | $16.56 |
| − OpEx | −$40.2k | −$7.45 |
| NOI | $49.2k | $9.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Quincy
- County
- Gadsden
- State
- Florida
- Longitude
- -84.5856
- Latitude
- 30.5894
