1710 Martin Luther King Jr Blvd, Sebring, FL 33870

Looking for an Investment Property with good cash flow potential approximating $1,600 per month, then this could be the one for you! There are 4 rentable rooms in the main house (3 are rented now) that can generate $250 to 300 each + an attached studio unit with its own newly planked wood entry deck, a kitchen, and tub bathroom rents for $450. Tenants are on month-to-month verbal leases with no security deposits and they reliably pay Landlord via PAYPAL - all wish to stay under new ownership. The House & Studio have separate electric meters and water heaters; all Tenants pay their own electric bills. Potable water is provided by Sebring Utilities and is shared by both units from the same meter under Landlord's name, which amounts to about $23 per month. The water bill is prorated into the monthly rent for each of the Tenants in the main house - the studio unit rent includes water. Main house Tenants share a tub bathroom, fully appointed kitchen/pantry, and living areas. There are no central a/c mechanicals in either unit, but the ductwork is in place in the crawl space under the main house. Instead, 1 portable a/c unit and 3 window units are in the main house + a brand new !0,000 BTU wall a/c unit now cools the studio unit. When rarely needed, heat is provided by Tenant's own portable electric heaters in all units + the wood burning fireplace heats the entire main house according to these Tennats. Both dwellings have drapes + separate refrigerators and cooking appliances. The main house had a newer model washer & dryer, a newer stove/oven range, and new solar front door lamps installed in 2022. The studio unit was freshly painted July 2023 and has a new-in-the-box 110 volt countertop electric oven with 2 cooking elements for placement on a new stainless steel commercial grade kitchen counter shelf. A few recent minor roof drips were professionally repaired in August 2022 and stained ceiling tiles replaced/repainted. Seller says the roof was installed 2-3 years before he purchased the property in 2004. The property is 0.82 acres with mature shade oak trees and distant views of Dinner Lake. It is zoned R2: Duplex by the County The property is 1.25 miless away from downtown Sebring cirlce and City/County government centers. US Hwy 27 retail shopping, restaurant, entertainment, golf & water sport recreation, banking, and hospital/medical services + 5 publicly accessable fishing/boating/recreation lakes are within 10 minutes driving time from this location. This is truly a "turn-key" income property for Investors wanting to earn a good revenue stream from reliable Tenants or for Buyers who want to live in either unit and rent the other one. Seller will only consider cash offers.