Active

$399,900

Features:
  • 10 Bedrooms
  • 4 Bathrooms
  • 1569 sq ft
Overview
  • ID: MFRTB8533956
  • Bedrooms: 10
  • Bathrooms: 4
  • Size: 1569 sq ft
Property Details
Remarks
INVESTOR SPECIAL in one of Homestead's fastest-growing neighborhoods! This is an outstanding opportunity for investors, flippers, or savvy buyers looking to capitalize on a highly versatile property with incredible upside. Currently configured into three separate living spaces and occupied by the owner and two tenants, this unique property offers multiple strategies—from a value-add renovation and resale to a long-term cash-flowing investment. Situated on a generously sized, fully fenced lot, the property offers excellent curb appeal with a spacious front lawn, mature landscaping, abundant parking, and a welcoming covered front porch. The oversized lot provides ample space for boats, trailers, work vehicles, or future improvements, making it as functional as it is versatile. The main residence features a practical floor plan with an eat-in kitchen, spacious bedrooms, multiple full bathrooms, and durable terrazzo flooring throughout much of the home. While cosmetic updates are recommended, the home's solid layout presents an outstanding opportunity to add value. A second living area includes its own kitchenette, multiple bedrooms, and a full bathroom, while the left wing of the property features a private studio-style suite with its own exterior entrance and full bathroom. Together, these spaces create exceptional flexibility for multi-generational living or maximizing rental income. The outdoor layout is equally impressive. The main residence enjoys its own private fenced backyard complete with a storage shed, while the second living area and studio share a separate fenced backyard, creating additional privacy for each living space. Whether you're looking to generate multiple income streams or accommodate extended family, the layout offers endless possibilities. Major improvements include a 5-year-old roof, 2-year-old A/C system, and plumbing and electrical reported to be in good working order. The seller currently occupies the studio-style wing, while the remaining two tenants are on verbal month-to-month leases paying $650 and $850 per month with no security deposits. The property is serviced by a single electric meter and a single water meter. The property does have unpermitted additions, open code violations, and liens, and is being sold strictly AS-IS. Buyer is responsible for verifying all permitting, zoning, code compliance, violations, liens, and intended use. No HOA and no rental restrictions provide tremendous flexibility for investors. Motivated seller. No assignable contracts. Opportunities with this much potential are becoming increasingly difficult to find in Homestead—don't miss your chance to unlock the value this unique property has to offer.
Financial Considerations
Price:
$399,900
HOA Fee:
N/A
Tax Amount:
$1285.75
Price per SqFt:
$254.88
Tax Legal Description:
9 57 39 HMSTD LAKE PARK HOMES PB 62-5 LOT 4 BLK 2 LOT SIZE 7500 SQ FT OR 18927-3780 1299 6 COC 21647-2897 07 2003 1
Exterior Features
Lot Size:
7500
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
10
Bathrooms:
4
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Other
Furnished:
Yes
Floor:
Terrazzo, Tile
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1957
Construction Type:
Block, Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
West
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    30081 SW 148TH AVE
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