Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1989
Sq.Footage
1,652
THIS PROPERTY WON’T LAST LONG WITH A MAJOR $229,000 PRICE REDUCTION!! 3 UNIT MULTIFAMILY OPPORTUNITY WITH CANAL FRONTAGE LEADING TO LAKE-WALK-IN WATER. Located at the end of a private, dead-end street with 164 feet of canal frontage, this unique 0.54-acre multi-family property offers direct access to the 7,500-acre Lake Walk-In-Water—nationally renowned for its trophy bass fishing. Zoned R-3, this property features three existing units and the infrastructure to add a fourth, making it the ultimate versatile asset. Whether you are looking for a high-yield investment, a subsidized waterfront lifestyle, or a multi-generational getaway, this newly repriced asset is priced to move. CHOOSE YOUR STRATEGY: 1) The value-add investment at the newly reduced price of $229,000! The property generates $2,075/month ($24,900/year) from just two occupied units (Units A and C), with tenants paying their own utilities. IMMEDIATE UPSIDE: Lease the currently vacant Unit B ($750.00/month) $33,900.00/year unlocking a massive DOUBLE-DIGIT CAP RATE!!! 2) The Waterfront "House Hacker" Stop paying a mortgage and start getting paid to live on the water. You can immediately move into Unit B—a vacant, sturdy 1975 concrete block apartment featuring a kitchenette and its own private dock. While you enjoy the lake lifestyle, your neighbors in Units A and C will generate $2,075/month which can easily cover your mortgage and property taxes ($3,177/yr), and insurance. You get to live on the water virtually for free while building equity. The Family Compound / Fish Camp: a multi-generational retreat or a shared family vacation property? This compound offers three distinct, private living spaces on one lot. With multiple docks and direct canal access just three blocks from the public boat ramp, it is the perfect setup for a family of outdoor enthusiasts. Keep it all for your family, or rent out one unit to cover the annual carrying cost. This multifamily property offers multiple strategies and won’t last long!
Features & Amenities
Interior
-
Other Interior Features
Other
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Wall/Window Unit(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Ductless
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Concrete
-
Other Exterior Features
Other
-
Pool
No
-
Waterfront YN
YES
-
View
Canal, Water
Area & Lot
-
Lot Features
Waterfront
-
Lot Size(acres)
0.54
-
Property Type
Residential Income
-
Property Sub Type
Triplex
Price
-
Sales Price
$229,000
-
Tax Amount
$2,780.19
-
Sq. Footage
1, 652
-
Price/SqFt
$138
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Block
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
None
-
Tax Lot
56
-
Water Source
Private, Well
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Location
County
Polk
Elementary School
Middle School
High School
Listing Courtesy of Tania Bobe , LPT REALTY, LLC
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