Serious inquires only. Call Mon- Sun 863-241-8406 8am.-8pm ***NO EMAILS/NO TEXTS ****NO REALTORS**** FROSTPOOF DUPLEX FOR SALE --- Looking for rental property with no upfront costs for repairs ? Look no further! Perfect for investor OR couple that wants to live in one side and rent out the other! Duplex is situated on a corner lot. Each unit enters from a different street/side which gives each tenant more privacy. Walk to the lake and one unit has a view of the lake. A ton of work has transformed this duplex into a very nice, easily rentable property. TURN KEY! Two units (2 br/1 bath each). Great income property- both sides are rented on a 1 yr lease bringing in a total of $1,025/month. 1350 total sq ft. New updates throughout: both units include new energy efficient windows and two new central air/heat units and duct work. Units are metered separate for water and electric. New Hardie board put on exterior of one unit, rest of home is block. Metal roof. I've been told the rent could easily be increased, especially since a new steel mill company (Nucor) is creating over 2,000 jobs in Frostproof (Feel free to google them). However, I'd rather keep good tenants with lower rent than bad tenants with higher rent. Tenants are responsible for their own utilities. Recent property taxes = $1,301 Annual revenue = $12,300 Unit A (2/1) has a dishwasher/washer dryer hookup/carport and hardwood floors. Ceiling fans in each room. Refrigerator and self cleaning flat top oven included. One bedroom has wood flooring, the other has carpet. Jack and Jill bathroom between the two bathrooms. This unit is currently rented for $525/month on a lease (lease is effective through June 2020 and the same tenant has been in the unit for 3 years) Unit B (2/1) has been completely overhauled. Unit was entirely gutted and rebuilt. This unit is smaller and does not have washer/dryer hookup/dishwasher and no covered parking. New refrigerator being delivered 12/14/2019. Current rent is $500/month. Lease is up January 8 2020 and currently have applications for potential new tenants. Currently under 5 year (prepaid) termite contract with free annual treatments/inspections. (3 years remaining on contract - will transfer to new owners) Frostproof is located South of Lake Wales. Please google the location if you are uncertain of where it is. Duplex for sale by owner. AS IS. Duplex is tenant occupied. SHOWN BY APPOINTMENT ONLY. Out of respect for the tenants PLEASE do not knock on the door! Serious inquires only. Call Mon- Sun 863-241-8406 8am.-8pm ***NO EMAILS/NO TEXTS ****NO REALTORS**** Reason for sale: Looking to remodel my primary residence and get a pool. I will gladly keep the property for the monthly revenue before lowering the price. The listed price is extremely reasonable for the home, revenue and condition of the property. NO LOW BALL OFFERS. ** Zillow's estimate (for unknown reasons) is based on a 2 bedroom /1 bath at 950 sq ft. NO idea why it isn't reflecting 4 bedroom / 2 baths at 1350 sq ft which obviously would greatly impact their estimated value**
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
