1234 RED HILL RD, DAVENPORT, FL, 33837
$385,000
Residential
Bedrooms
5
Bathrooms
4
Living Area
2,522 Sqft
Lot Size
4,940 Sqft
INVESTOR OPPORTUNITY – ASKING $385,000 – 6.9 CAP RATE – 5 BED / 3 BATH LAKEFRONT HOME – BUILT 2023 Exceptional investment opportunity in the desirable Charles Cove community in Davenport! ASKING ONLY $385,000. This spacious 5-bedroom, 3-full-bath, 2-car garage lakefront home, built in 2023, offers one of the best prices in Davenport for a home of this size, style, and age, combined with exceptionally low ownership costs: HOA only $110/year, insurance approximately $1,500/year, and property taxes approximately $3,495/year. Already tenant-occupied at $2,640/month through April 2027, providing immediate rental income and an outstanding 6.9 CAP RATE. The modern two-story floor plan features an open-concept living area and a convenient first-floor bedroom with full bathroom, ideal for guests or multi-generational living. Upstairs you'll find the spacious primary suite, three additional bedrooms, two full bathrooms, a loft, and laundry room. Smart-home features and tile/wood-style flooring throughout the first floor add to the home's appeal. Enjoy beautiful lakefront views and Charles Cove's resort-style amenities, including a community pool with kiddie splash zone, playground, multi-purpose sports/soccer field, shaded cabanas, picnic areas, and pavilion. Excellent Davenport location just off US Hwy 27, approximately 15 miles from Disney's main gate, and convenient to Posner Park/Posner Village, shopping, restaurants, schools, and major Central Florida attractions. INVESTMENT HIGHLIGHTS: Asking $385,000 | Built 2023 | 5 Beds | 3 Full Baths | 2-Car Garage | Lakefront | Rent $2,640/Month Through April 2027 | 6.9 CAP Rate | HOA $110/Year | Insurance Approx. $1,500/Year | Property Taxes Approx. $3,495/Year | Immediate Rental Income.
Property Details
Property Features Property Features
MLS ID: MFRS5155696 Year Built: 2024
Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Microwave, Range, Refrigerator, Washer Architectural Style: Traditional
Construction Materials: Concrete Cooling: Central Air
Country: US County Or Parish: Polk
Direction Faces: Southwest Exterior Features: Lighting, Private Mailbox
Flooring: Ceramic Tile, Vinyl, Wood Foundation Details: Block
Furnished: Unfurnished Heating: Central
Laundry Features: Inside, Laundry Room Levels: Two
Listing Agreement: Exclusive Right To Sell Occupant Type: Tenant
Pets Allowed: Cats OK, Dogs OK Property Condition: Completed
Property Sub Type: Single Family Residence Property Type: Residential
Road Surface Type: Asphalt Roof: Shingle
Sewer: None Showing Requirements: Call Listing Agent, See Remarks
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Cable Connected, Fiber Optics, Sprinkler Meter
Water Source: Canal/Lake For Irrigation Waterfront Features: Lake Front
Rooms Rooms
Bathroom 1: Bathroom 2:
Bathroom 3: Bathroom 4:
Bedroom 1: Bedroom 2:
Bedroom 3: Bedroom 4:
Bedroom 5: Kitchen:
Living Room: Laundry:
Dining Room: Primary Bathroom:
Primary Bedroom:
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