$348,000 • living size area 1516 sqft

Rare investment opportunity - acquire an income producing duplex in a highly desirable location. walk to lake eola and thornton park. duplex has 700 sf 1/1 upstairs with hardwood floors. the first floor apartment is a very large (1000sqf) open floor plan one bedroom apartment converted from a two bedroom with central ac the property is currently 100% occupied. month-to-month leases are in place. ready for significant increases post renovation needs. property is priced under appraised value! apartments are a short stroll to restaurants, bars and shopping. located downtown with easy access to all major highways. the charming brick paved streets will give you a sense of class and tranquility. use as an investment or build a dream home(s) of your own. currently zoned as multifamily r-2b/t/hp. this home is in the heart of the historic district with all it's charm, and yet, it has been determined by the city that it is a non-contributing structure. which means, you can renovate to your liking or tear it down. house has a rood leak, and carport roof needs to be replaced and other updates are needed. it is priced with these issues in mind. tenant downstairs rental rate is only $995 and this size apartment should rent for around $1500-$2,000 in a updated state. the upstairs apartment, although not as large as the downstairs, is renting for $900 but has no active issues.

Multi Family - W A SHELBYS ADD

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