475 UMATILLA BLVD, UMATILLA, FL, 32784
$1,900,000
Residential Income
|
Living Area
10,080 Sqft
|
Lot Size
23,141 Sqft
|
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.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRS5151887 | Year Built: | 1930 | |
| Community Features: | Sidewalks | Construction Materials: | Block | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Lake | Exterior Features: | Sidewalk | |
| Foundation Details: | Other | Heating: | Electric, Heat Pump | |
| Laundry Features: | Inside | Listing Agreement: | Exclusive Right To Sell | |
| Lot Features: | City Limits, Level, Oversized Lot, Sidewalk, Paved | Other Equipment: | Irrigation Equipment | |
| Other Structures: | Shed(s) | Parking Features: | None | |
| Property Sub Type: | Quadruplex | Property Type: | Residential Income | |
| Road Surface Type: | Other | Roof: | Other, Shake | |
| Sewer: | Public Sewer | Showing Requirements: | Other | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Other | |
| Water Source: | Public | |||
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