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Joshua Wright

the813realtyguy@gmail.com +1(757) 620-6432

$ 1,900,000

Est. payment | -/mo

10,080 SqFt

Save

$ 1,900,000

Est. payment | -/mo

Save

10,080 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 10,080 sqft

Price per Sqft $188

Subdivision North Umatilla

MLS Listing ID S5151887

HOA Y/N No

Year Built 1930

Annual Tax Amount $21,242

Lot Size 0.530 Acres

Acres 0.53

Lot Dimensions 200x100

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

Exceptional investment opportunity offering a strong 9.5% cap rate! This fully renovated multifamily property has undergone extensive upgrades, including updated electrical systems, newer HVAC units, and upgraded water heaters. Featuring a total of 16 units, the property consists of 4 two-bedroom/one-bath units, 11 one-bedroom/one-bath units, and 1 studio unit. Every unit has been remodeled on the interior and includes the convenience of in-unit laundry. The property offers ample on-site parking and is currently 100% occupied with long-term tenants, providing immediate and stable cash flow. Zoned and suitable for both short-term and long-term rental strategies, allowing future ownership flexibility. A truly turnkey asset with significant capital improvements already completed and minimal deferred maintenance.

Location

State FL

County Lake

Community North Umatilla

Area 32784 - Umatilla / Dona Vista

Zoning C

Interior

Interior Features Other

Heating Electric, Heat Pump

Cooling Central Air

Fireplace false

Laundry Inside

Exterior

Exterior Feature Sidewalk

Parking Features None

Community Features Sidewalks

Utilities Available Other

Roof Type Other,Shake

Garage false

Private Pool No

Building

Lot Description City Limits, Level, Oversized Lot, Sidewalk, Paved

Foundation Other

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Membership Fee Required None

Special Listing Condition None

Listed by Victor Avila LPT REALTY, LLC

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475 UMATILLA BLVD Umatilla, FL 32784