475 Umatilla Boulevard, Umatilla, FL 32784
- $1,850,000
- 10,080
- SqFt
- List Price
- $1,850,000
- Status
- ACTIVE
- MLS#
- S5151887
- Price Change
- ▼ $50,000 1785284038
- Living Area
- 10,080
- Subdivision
- North Umatilla
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.
/t.realgeeks.media/resize/300x/https://u.realgeeks.media/todayshomevalue%252FFullLogo_Transparent_NoBuffer.png){kind=spacer}
Additional Information
- Year Built
- 1930
- Construction
- Block
- Living Area
- 10,080
- Acres
- 0.53
- Interior Features
- Other
- Cooling
- Central Air
- Heating
- Electric, Heat Pump
- Parking
- None
- Garage Description
- None
- Exterior Features
- Sidewalk
- Sewer
- Public Sewer
Listing courtesy of LPT REALTY, LLC.
Mortgage Calculator
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