475 Umatilla Boulevard, Umatilla, FL 32784
- $1,850,000
- 10,080
- SqFt
- List Price
- $1,850,000
- Status
- Active
- Days on Market
- 45
- Price Change
- ▼ $50,000 1785284038
- MLS#
- S5151887
- Property Style
- Quadruplex
- Year Built
- 1930
- Living Area
- 10,080
- Lot Size
- 23,141
- Acres
- 0.53
- Total Acreage
- 1/2 to less than 1
- Legal Subdivision Name
- North Umatilla
- MLS Area Major
- Umatilla / Dona Vista
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.
Additional Information
- Taxes
- $21242
- Location
- City Limits, Level, Oversized Lot, Sidewalk, Paved
- Community Features
- Sidewalks, No Deed Restriction
- Zoning
- C
- Interior Layout
- Other
- Interior Features
- Other
- Utilities
- Other
- Heating
- Electric, Heat Pump
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Exterior Features
- Sidewalk
- Roof
- Other, Shake
- Foundation
- Other
- Pool
- No Pool
- Garage Carport
- None
- Garage Features
- None
- Flood Zone Code
- X
- Parcel ID
- 12-18-26-0600-024-01800
- Legal Description
- UMATILLA, NORTH UMATILLA LOTS 18 TO 24 INCL BLK 24 PB 6 PGS 35-37 ORB 2439 PG 1247
Listing courtesy of LPT REALTY, LLC. 877-366-2213
Mortgage Calculator
StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on