112 S Dixie Ave in Fruitland Park, FL 34731 is currently a duplex. This completely renovated and cash flowing property is located in a regentrifying neighborhood one mile outside the very center of the east side of The Coveted Villages. With potential for a 3rd unit currently, the garage has finished and painted drywall, new electric switches, outlets, lights, and plumbing lines run and is ready for kitchen fixtures/framing of bathroom wall/fixtures, and flooring in order to make it into a 3rd unit with one bedroom or as a large studio. This unit could also be rented to a business or fpr storage or made into a 2nd and 3rd bedroom with spare bath for unit 2 for someone who might want to live here themselves.. Property is located in an area of residential properties, businesses, and is one street, just blocks, from the main quaint downtown with library, park, pool, racquetball courts, etc. Super cute area. 112 S Dixie Ave could also be used as a business or a combination of both. The lot is 4x the size of the neighboring properties and we believe up to 12 units could be built on this site according to current zoning. This property is currently being rented as a furnished mid term rental. One side is a very large 1/1 (at least 1 other bedroom could be added if the new owner wanted) and the 2nd unit is a smaller 1/1 long term rental on the other side. Larger unit rents for $2200 to 2400 s month May-Dec and $3000 to 3200 January-April. The smaller unit rents for $1800 a month year round and currently has a lease through Dec 2026 with the possibility of a 3-6 month extension as the tenant thinks his job will not be finished by the end of his current lease. New owner could rent out all units but could also live in one side while renting out the other side which should make the mortgage payment...or they could just come down and stay in the winter to escape the cold and rent the 2nd unit the other 8 months. Finishing the 3rd unit would make this property a serious cash cow....as well as the addition of more units. 3rd Unit could be completed for 20-35k...depending on configuration/layout chosen and finishes. Property has been 90 to 95% occupied since it started being rented in 2021. Interior Renovations: Renovations over the last few years include...New: 40+ metal roof, new a.c. units, blown insulation in attic, real wood floors refinished, new a.c. outlets, switches, and lights/fans, new paint inside, new vanity, new toilet, new shower tile and tin ceiling, added stained glass, new real wood kitchen cabinets with granite countertop and new granite backsplashs, stainless steel appliances in unit 2, new tile floor in unit 2 kitchen, all new plumbing above floor....and much more. (Electric wiring was replaced/updated at some point before the current owner bought the property.) Exterior Renovations: New Hardy board siding outside, new window trim, and fresh exterior paint was just completed April 2026. A new sliding glass door was added into the future 3rd unit, and a new front door into unit 1 which faces the main road. All new landscaping was added with over 75 new plants and mulch, a new concrete paver patio in front of unit 1, and the back deck on unit 2 was rebuilt with all new wood at the end of 2025. 2 inch granite rock was also just added on garage end for parking. Call today to schedule a showing. Beautiful property, close to every amenity imaginable!!!