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26645 COUNTY ROAD 561 Tavares, FL 32778
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Key Details
Sold Price $830,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,896 sqft
Price per Sqft $213
Subdivision Lake Harris Shores
MLS Listing ID O6070559
Sold Date 02/10/23
Bedrooms 2
HOA Fees $104/ann
HOA Y/N Yes
Originating Board Stellar MLS
Year Built 1979
Annual Tax Amount $5,179
Lot Size 0.450 Acres
Acres 0.45
Lot Dimensions 189x102
Property Description
Huge price drop! Welcome to absolute tranquility! AIR BNB-APPROVED! SELLER FINANCING AT $850,000 PURCHASE PRICE, 10% DOWN, 6.5% INTEREST RATE, 20 YEAR AMORTIZATION WITH 5 YEAR BALLOON! This beautiful waterfront property sits on one of Little Lake Harris's canals. It features nearly half an acre of land and includes a dock with eight separate boat slips. The building itself is 3,892 SF with a metal roof, off-street parking with eight designated spaces and each unit has its own one-car garage. The property is 100% occupied. Three of the units are receiving $1,350/month in rent. One of them was recently leased out for market value ($1500/month), beginning January 1st. All of the units are 2/1s at 973 SF each with tile flooring throughout. Each unit has its own washer and dryer hookups, central A/C, and water heater. Three of the units have their own private rear enclosed patio. Each tenant pays their own electricity and water. Two of the boat slips are rented out for an additional $100/each. The current owner sees about a 6% cap rate, however, increasing the market rents slightly can yield a return of about 7% or it can be used for STR which would undoubtedly put the returns at 10% or more. It can even be used as an owner-occupant while earning income from the other three units. Recent improvements include: Full dock repair, pressure wash, and sealed, coated and sealed asphalt parking, all AC systems professionally serviced, and septic tank pumped
Location
State FL
County Lake
Community Lake Harris Shores
Zoning RP
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Fireplace false
Appliance Dishwasher, Dryer, Range, Refrigerator, Washer
Laundry In Garage
Exterior
Exterior Feature Sliding Doors
Parking Features Driveway, Garage Faces Rear
Garage Spaces 4.0
Utilities Available Electricity Connected
Waterfront Description Canal - Freshwater
View Y/N 1
Water Access 1
Water Access Desc Canal - Freshwater,Lake,Lake - Chain of Lakes
View Water
Roof Type Metal
Porch Covered, Screened
Attached Garage true
Garage true
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Septic Tank
Water Public
Structure Type Brick, Stucco, Wood Frame
New Construction false
Schools
Elementary Schools Astatula Elem
Middle Schools Tavares Middle
High Schools Tavares High
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Monthly Total Fees $104
Acceptable Financing Cash, Conventional, Other
Membership Fee Required Required
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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Bought with STELLAR NON-MEMBER OFFICE