Investment opportunity or live in one, let the other two pay your mortgage! Massive income property/Vacation Rental opportunity for this 3BR/2BA block home. Estimated monthly income potential for the property $3,900/month, probably close to double that as a vacation rental. Features include a spacious lot with fully finished detached 2-car garage with income potential of $1,200/month, tiny container home also on lot which currently is rented out at $700/month, and main house which rents out for $2,000/month (intentionally vacant at the moment, multiple applications already submitted, waiting for your approval) Well bladder/piping/electrical all completely redone 2015, brand new oversized septic drain field installed 2020, all roofs are metal and less than 10 years old, all a/c systems and water heaters are less then 6 years old and under warranty. All windows and appliances except 1 fridge less than 6 years old. Container home was built new in 2017, could be easily moved and sold separately if desired. Estimated worth of container home alone between $30-$35K based on comps (Google it) Pictures speak for themselves, virtually every single thing in all structures is brand new. Easy access to 1-4 and I-75 for a quick commute to Tampa, Lakeland, or Orlando. NO DEED RESTRICTIONS! Entire property is currently insured with Lloyd's of London including replacement value on all 3 structures, main house, "detached garage", and container home. Insurance documents available upon request. Please note: Neither the garage nor the container home have been permitted as heated square footage, therefore, any bank appraiser can only appraise them as storage structures, and consequently will not loan against their true value. Just had it appraised 2 weeks ago and it appraised at $288,000 as a 3bed/2bath with detached garage and a storage container. That same appraiser appraised the property at $399,000 as an income producing property based on a gross rent multiplier of 9. All above documents available upon request. Only one electric meter on property. Owner typically pays electric which fluctuates between $150-$275/month between winter and summer with all structures fully occupied. Electric bill history available upon request. In actuality, there are a total of 5 bedrooms, 4 full bathrooms, 3 full kitchens, and 2 laundry rooms on this property. Please be aware, you will most likely be able to get a loan for a good portion of the sale price, but the remainder will have to be cash. Proof of funds in excess of $100,000 required to show property.
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.
