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26645 County Road 561Tavares, Florida FL32778-9337
Huge price drop! Welcome to absolute tranquility! AIR BNB-APPROVED! SELLER FINANCING AT $850,000 PURCHASE PRICE, 10% DOWN, 6.5% INTEREST RATE, 20 YEAR AMORTIZATION WITH 5 YEAR BALLOON! This beautiful waterfront property sits on one of Little Lake Harris's canals. It features nearly half an acre of land and includes a dock with eight separate boat slips. The building itself is 3,892 SF with a metal roof, off-street parking with eight designated spaces and each unit has its own one-car garage. The property is 100% occupied. Three of the units are receiving $1,350/month in rent. One of them was recently leased out for market value ($1500/month), beginning January 1st. All of the units are 2/1s at 973 SF each with tile flooring throughout. Each unit has its own washer and dryer hookups, central A/C, and water heater. Three of the units have their own private rear enclosed patio. Each tenant pays their own electricity and water. Two of the boat slips are rented out for an additional $100/each. The current owner sees about a 6% cap rate, however, increasing the market rents slightly can yield a return of about 7% or it can be used for STR which would undoubtedly put the returns at 10% or more. It can even be used as an owner-occupant while earning income from the other three units. Recent improvements include: Full dock repair, pressure wash, and sealed, coated and sealed asphalt parking, all AC systems professionally serviced, and septic tank pumped
Listing information ©My Florida Regional MLS DBA Stellar MLS 2024. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Properties displayed may be listed or sold by various participants in the MLS. Data last updated on Friday, March 29th, 2024 at 09:50:53 AM.