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475 Umatilla Boulevard

Umatilla, FL

Listing Details

  • $1,900,000
  • MLS# S5151887
  • Type Multi Unit - Multiple
  • Status Active
  • 10,080
    Square Feet
  • 0.530 acres
    Lot Size
  • 1930
    Year Built

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... Read more rental strategies, allowing future ownership flexibility. A truly turnkey asset with significant capital improvements already completed and minimal deferred maintenance.

Key Features

  • Sidewalk
  • Other
  • Sidewalks
View All Features
475 Umatilla Boulevard
Umatilla, FL 32784
Subdivision
NORTH UMATILLA
County
Lake

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Annual Net Income: 180981.84
  • Community Features: Sidewalks
  • Cooling: Central Air
  • Days on Site: 20
  • Directions: Take 19 from Eustis into Umatilla at light 450 bear to the left on Umatilla apt building on left.
  • Exterior: Block
  • Exterior Features: Sidewalk
  • Flood Zone Code: X
  • Foundation: Other
  • Heating: Electric, Heat Pump
  • Home Warranty Y/N: No
  • Interior Features: Other
  • Lot Description: City Limits, Level, Oversized Lot, Sidewalk, Paved
  • Lot Dimensions: 0.53
  • Lot Size: 0.53 Acres
  • 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
  • Roof Type: Other, Shake
  • Sewer: Public Sewer
  • Showing Instructions: Other
  • Special Sale Provisions: None
  • Taxes: $21,242
  • Units: 16
  • Utilities: Other
  • Water: Public
  • Water Access Y/N: No
  • Year Built: 1930
  • Zoning: C