BEDS0
BATHS
SQUARE FEET10,080
MLS#S5151887
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONNORTH UMATILLA
Property Description
Exceptional investment opportunity offering a strong 9.5% cap rate! This fully renovated multifamily property has undergone extensive upgrades, including updated electrical systems, newer HVAC units, and upgraded water heaters. Featuring a total of 16 units, the property consists of 4 two-bedroom/one-bath units, 11 one-bedroom/one-bath units, and 1 studio unit. Every unit has been remodeled on the interior and includes the convenience of in-unit laundry. The property offers ample on-site parking and is currently 100% occupied with long-term tenants, providing immediate and stable cash flow. Zoned and suitable for both short-term and long-term rental strategies, allowing future ownership flexibility. A truly turnkey asset with significant capital improvements already completed and minimal deferred maintenance.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Electric, Heat Pump
Lot Size: 0.53 Acres
Roof Type: Other, Shake
Taxes: $21,242
Year Built: 1930
Amenities
Other
Sidewalk
Feature Descriptions
Annual Net Income: 180981.84
Community Features: Sidewalks
Days on Site: 3
Directions: Take 19 from Eustis into Umatilla at light 450 bear to the left on Umatilla apt building on left.
Exterior: Block
Flood Zone Code: X
Foundation: Other
Home Warranty Y/N: No
Lot: City Limits, Level, Oversized Lot, Sidewalk, Paved
Lot Dimensions: 0.53
Other Equipment: Irrigation Equipment
Other Structures: Shed(s)
Ownership: Fee Simple
Parking: None
Parking Notes: None
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Other
Special Sale Provisions: None
Units: 16
Utilities: Other
Water: Public
Water Access Y/N: No
Zoning: C
Listed By / Shown By
Listed By
Agency Name: LPT REALTY, LLC
Agency Contact: 877-366-2213
Shown By
Agency Title: Robb Harrison Realty, Inc.
Agency Phone: (352) 547-5762
Estimate Your Payment
Estimated Payment
$ 13,496.79 per month $11,172.46 Principal & Interest $1,770.17 Property Tax $554.17 Homeowner's Insurance
475 Umatilla Boulevard | MLS# S5151887
This multi-family property located at 475 Umatilla Boulevard , Umatilla, FL 32784 is currently listed for sale with an asking price of $1,900,000. Search Umatilla real estate on www.robbharrison.com today.