Active

$535,000

Features:
  • 6 Bedrooms
  • 4 Bathrooms
  • 2770 sq ft
Overview
  • ID: MFRP4937848
  • Bedrooms: 6
  • Bathrooms: 4
  • Size: 2770 sq ft
Property Details
Remarks
This unique Lake Hamilton property offers an exceptional investment opportunity with diversified income potential across multiple rental strategies. Situated on over an acre with no HOA, the property includes a main residence, a fully renovated cottage, and an RV hookup within a fully fenced area—creating three distinct revenue streams. The one-bedroom, one-bath cottage, completely renovated in 2023, has a proven Airbnb track record generating approximately $32,000 annually. The cottage is fully self-contained with its own laundry and continues to present strong short-term rental or long-term lease potential. The main home, a 5-bedroom, 2-bath residence, offers flexibility for investors. It has an estimated long-term rental potential of approximately $3,500 per month, or it could be positioned as a short-term rental to further maximize returns given its size, location, and proximity to the Winter Haven Chain of Lakes. In addition, the property includes a fully fenced RV hookup, which has historically generated approximately $10,000 per year in rental income. While this income has been more seasonal, it offers an easy opportunity for supplemental revenue or future expansion. Major capital improvements have already been completed, significantly reducing near-term expenses. Updates include a new roof (2020), new AC units (2020), new tankless water heaters (2023), and a full renovation of the cottage in 2023. These upgrades provide peace of mind and make this a turnkey investment option. With no HOA restrictions, lake-area proximity, and multiple income-producing components, this property is well-positioned for investors seeking cash flow, flexibility, and long-term appreciation in Central Florida.
Financial Considerations
Price:
$535,000
HOA Fee:
N/A
Tax Amount:
$4305.91
Price per SqFt:
$193.14
Tax Legal Description:
LAKE HAMILTON PB 3A PG 34 BLK 19 LOTS 8 & 9
Exterior Features
Lot Size:
45002
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
6
Bathrooms:
4
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1925
Construction Type:
Stucco
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other, RV Hookup, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    517 MAIN ST
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