Active

$1,200,000

Features:
  • 9 Bedrooms
  • 7 Bathrooms
  • 2304 sq ft
Overview
  • ID: MFRD6140662
  • Bedrooms: 9
  • Bathrooms: 7
  • Size: 2304 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$1,200,000
HOA Fee:
N/A
Tax Amount:
$8053.26
Price per SqFt:
$520.83
Tax Legal Description:
ZZZ 214120 P31-2 21 41 20 P-31 0.89 AC M/L COM SE COR LOT 4 NAVY SHORES THENCE S 25 FT TO POB CONT S 25 FT W 111 FT TO E ROW OF DOWNING ST S 110 FT ALONG ROW THENCE E 310 FT N 135 FT W 200 FT TO POB. AKA VACATED NAVY SHORES LOTS 7 8 & 9 AND 1/2 VACAT ED BECKERS
Exterior Features
Lot Size:
66100
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Boat, Covered, Off Street, On Street, RV Parking
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
9
Bathrooms:
7
Heating:
Wall Units / Window Unit
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1972
Construction Type:
Block, Wood Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Lighting, Storage
Additional Features 2:
N/A
Map
  • Address
    7500 BECKERS LN
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

img
  • Featured
  • Active
Duplex

2812 51ST AVENUE TER W

  • 0
  • 0
  • 165 m²
avt
Daniel Dourado
$ 369,000
img
  • Featured
  • Active
Duplex

6004/6014 DEMING AVE

  • 4
  • 3
  • 208 m²
avt
Daniel Dourado
$ 550,000
avt
Daniel Dourado
$ 529,000
img
  • Featured
  • Active
Duplex

1802 N FERN PALM DR

  • 0
  • 0
  • 174 m²
avt
Daniel Dourado
$ 470,000
avt
Daniel Dourado
$ 324,999
img
  • Featured
  • Active
Duplex

7411 & 7413 MEAD DR

  • 0
  • 0
  • 182 m²
avt
Daniel Dourado
$ 353,000
img
  • Featured
  • Active
Duplex

2112 S SAN GULLY RD #2112/2114

  • 0
  • 0
  • 178 m²
avt
Daniel Dourado
$ 339,000
img
  • Featured
  • Active
Duplex

2118 S SAN GULLY RD #2118 /2120

  • 0
  • 0
  • 178 m²
avt
Daniel Dourado
$ 339,000
img
  • Featured
  • Active
Duplex

6619 LIVINGSTON AVE N

  • 4
  • 4
  • 253 m²
avt
Daniel Dourado
$ 599,900
avt
Daniel Dourado
$ 429,900
avt
Daniel Dourado
$ 950,000
img
  • Featured
  • Active
Duplex

1125 JOSEPHINE ST

  • 5
  • 2
  • 184 m²
avt
Daniel Dourado
$ 339,000