The Perfect Investment Opportunity...Nestled in a prime location, this unique investment opportunity offers you the chance to own an entire street, spanning 1.52+/- acres, zoned RMF 10. This property is not just a piece of land; it’s a gateway to significant returns and strategic growth, presenting an array of possibilities for the astute investor. The property in question currently features three existing duplexes and one small house. Together, these structures provide a mix of living spaces that cater to various tenant needs. The setup includes: ·Five units: 1 bedroom, 1 bath ·Two units: 2 bedrooms, 1 bath Each of these units has been meticulously renovated, ensuring that they are in top-notch condition, ready to provide a comfortable living experience for tenants. The small house, while currently under renovation, is in the process of receiving a new roof and repairs post-Hurricane Milton, further enhancing its value and appeal. One of the most enticing aspects of this investment is the potential for expansion. The property is zoned RMF 10, which allows for substantial growth. With the capability to build four additional units, there is a significant opportunity to maximize the investment. This expansion potential not only increases the number of income-generating units but also enhances the overall value of the property. Currently, all units are leased except for the small house, which is undergoing renovations. This high occupancy rate is a testament to the property's desirability and the demand in the area. The renovations on the small house are expected to be completed soon, making it ready for leasing and contributing to the overall rental income. The rental market in this region has seen a steady demand, especially for well-maintained units close to essential amenities and recreational sites. The mix of 1-bedroom and 2-bedroom units caters to a broad spectrum of tenants. This diversity in unit types helps maintain a low vacancy rate and ensures a stable rental income. This investment opportunity is indeed unique, offering a blend of immediate income and future growth potential. The strategic location, high-quality renovations, and expansion possibilities make it an attractive option for investors looking to diversify their portfolio and achieve substantial returns. Whether you are an experienced investor or new to real estate, this property presents a chance to capitalize on a prime asset in a thriving market. Considering the current income, potential income from additional units, and the favorable market conditions, the return on investment is projected to be substantial. The high occupancy rates and demand for quality rental units ensure a consistent and lucrative income stream. In summary, owning this 1.52+/-acre property with existing duplexes and the potential for further development is a golden opportunity. The combination of current tenant occupancy, renovation efforts, and prime location near desirable amenities makes it a sound and profitable investment. Explore this opportunity today and secure your place in a growing and lucrative market. Schedule a Private Showing

Listing courtesy of STELLAR_MLS / HANK BRILL PROPERTIES LLC

Last checked: Checking… • Last updated Feb 11, 2025 • Source: STELLAR_MLS

MLS# D6140662 — Report a problem