Tavares, FL 32778,26645 COUNTY ROAD 561
Tavares, FL 32778,26645 COUNTY ROAD 561
Tavares, FL 32778,26645 COUNTY ROAD 561
58
$830,000
$850,000
2.4%
Est.Price: ?

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2 BD
1 BA
3,896 SqFt

26645 COUNTY ROAD 561 Tavares, FL 32778

Est. payment /mo
SOLD DATE : 02/10/2023

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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

Read Less


Stellar MLS
Listed by PARK PLACE REAL ESTATE
Bought with STELLAR NON-MEMBER OFFICE

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Stephanie Baldner

Agent | License ID: SL3412275

+1(407) 419-0629

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