$1,850,000
Active · 45 days on market · MLS# MFRS5151887
| Bedrooms | 0 |
|---|---|
| Living area | 10,080 sq ft |
| Lot size | 0.53 acres |
| Year built | 1930 |
| Property type | Quadruplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $21,242 |
| County | Lake |
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.
Listing courtesy of Victor Avila, LPT REALTY, LLC. Presented by MC Homes Realty Inc · 727432218.