$1,850,000 - 475 Umatilla Boulevard, UMATILLA
- -
- Bedrooms
- -
- Baths
- 10,080
- SQ. Feet
- 0.53
- Acres
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.
Essential Information
-
- MLS® #:
- S5151887
-
- Price:
- $1,850,000
-
- Square Footage:
- 10,080
-
- Acres:
- 0.53
-
- Year Built:
- 1930
-
- Type:
- Residential Income
-
- Sub-Type:
- Quadruplex
-
- Status:
- Active
Community Information
-
- Address:
- 475 Umatilla Boulevard
-
- Area:
- Umatilla / Dona Vista
-
- Subdivision:
- NORTH UMATILLA
-
- City:
- UMATILLA
-
- County:
- Lake
-
- State:
- FL
-
- Zip Code:
- 32784-8915
Amenities
-
- Parking:
- None
Interior
-
- Interior Features:
- Other
-
- Heating:
- Electric, Heat Pump
-
- Cooling:
- Central Air
Exterior
-
- Exterior Features:
- Irrigation System, Sidewalk
-
- Lot Description:
- City Lot, Level, Oversized Lot, Sidewalk
-
- Roof:
- Other, Shake
-
- Foundation:
- Other
Additional Information
-
- Days on Market:
- 52
-
- Zoning:
- C
Listing Details
- Listing Office:
- Lpt Realty, Llc