NEWLY LISTED
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$449,900 USD
980 S LAKE SHORE Way
Lake Alfred, Florida 33850
USA
Lake Alfred, Florida 33850
USA
232.807 m2 ::
2,506 sqft
6 bedrooms
4 full baths
Residential For Sale, Single Family Detached
Land size: 0.04 m2 ::
0.48 sqft
Sale price per sqm: 1,932.44
Tax: 1,647 USD
Remarks:
INVESTMENT OPPORTUNITY IN LAKE ALFRED! Located at 980 S Lakeshore Way, this unique multi-unit property offers excellent visibility, convenient access, and significant potential for an investor looking to add value and increase rental income. Situated on a prominent corner with frontage along a well-traveled roadway, the property consists of three separate buildings with four residential units, providing a total of 6 bedrooms and 4 bathrooms. The unit mix includes a two-story building with separate upstairs and downstairs residences, along with two additional detached residential buildings. Three units are currently occupied, including established long-term tenants, while one unit is vacant and offers an immediate opportunity for renovation and repositioning. Current rental income is approximately $1,370 per month, with owner-provided estimated market rents totaling approximately $3,400 per month, creating substantial potential for increased income as units are improved and rents are brought closer to market rates. With multiple structures, existing rental history, prominent road frontage, a corner location, and room for property improvements, this property presents an intriguing opportunity for an investor with a vision. Property is being offered in its current condition. Bring your ideas and explore the possibilities this Lake Alfred investment property has to offer. Whether you're looking to hold as an income-producing property or explore development possibilities in a growing area, this property offers exceptional visibility and location within Lake Alfred's main commercial corridor.
Features:
- Rooms: 3
- Year Built: 1920
- Appliances: Refrigerator, Oven / Range
- Cooling System: Window Unit(s)
- Roofing: Metal
- Elementary School: Lake Alfred Elem
Location:
980 S LAKE SHORE Way, Lake Alfred, Florida 33850, USA
Listed By CENTURY 21 Myers Realty
The Residential For Sale, Single Family Detached located at 980 S LAKE SHORE Way, Lake Alfred, Florida 33850, USA is currently for sale. 980 S LAKE SHORE Way, Lake Alfred, Florida 33850, USA is listed for $449,900 USD. This property has 6 bedrooms, 4 full baths and 2,506 sqft. If the property located at 980 S LAKE SHORE Way, Lake Alfred, Florida 33850, USA isn't what you're looking for, search Florida Real Estate to see other Homes For Sale in Lake Alfred.
