16025 WALLACE ST, UMATILLA, FL, 32784
$499,000
Residential Income
Living Area
3,512 Sqft
Lot Size
15,902 Sqft
**TRIPLEX | $60,000+ POTENTIAL ANNUAL INCOME | HOUSE-HACKING OPPORTUNITY** Great investment opportunity in Umatilla! This versatile **triplex** offers the potential for **over $60,000 in annual gross rental income**, while also providing an excellent opportunity for an owner-occupant to house hack. The property features **three separate units**, creating multiple income streams under one roof. The **1-bedroom unit can be delivered vacant**, allowing the new owner to move in and live on-site while renting the other two units to help offset their mortgage and expenses. For investors, the property offers the potential to generate **$60,000+ in gross annual rental income**. For owner-occupants, the ability to occupy the 1-bedroom unit while collecting rent from the other units creates an attractive path toward significantly reducing the cost of homeownership. Located in Umatilla, this property offers a convenient residential setting with easy access to local shopping, dining, schools, parks, and surrounding Lake County communities. **Three units. Multiple income streams. $60,000+ potential gross income. And the flexibility to house hack.** Whether you're looking to expand your rental portfolio or live in one unit while the property helps pay for itself, **16025 Wallace St is an opportunity you won't want to miss.**
Property Details
Property Features Property Features
MLS ID: MFRV4951056 Year Built: 1966
Construction Materials: Block Cooling: Central Air, Wall/Window Unit(s)
Country: US County Or Parish: Lake
Exterior Features: Private Yard Foundation Details: Slab
Heating: Central, Other Laundry Features: Inside, Other
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional, FHA, VA Loan
Other Equipment: Private Yard Property Sub Type: Triplex
Property Type: Residential Income Road Surface Type: Dirt
Roof: Membrane, Shingle Sewer: Septic Tank
Showing Requirements: ShowingTime Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Electricity Connected Water Source: Well
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