Lake Mary Duplex-Reduced – S 3rd St, Lake Mary, FL 32746 Pending

  • $179,900
  • 4 beds
  • 2 baths
  • 1,200 sqft

Here is very rare duplex opportunity in Lake Mary that won’t last long. The multifamily property is walking distance from Lake Mary Elementary, Griffin Park, downtown Lake Mary and the Sun Rail station. Each side of the duplex consists of 2 bedrooms and 1 bathrooms and both units can be rent ready in their current condition with just minor touch ups. One side has an updated kitchen with newer cabinets and granite counter tops. We would recommend updating the flooring on both sides with laminate or vinyl and updating the bathrooms on both units to maximize market rent rates. The roof is older but appears serviceable. Both units have had the A/C replaced within the last three years. Don’t let this gem pass you by, give us a call today!


Rental Income:  $1,750 mo. / $21,000 yr.
Closing Costs to Buy:  $3,500
Rehab Projection:  $8,500
Property Insurance:  $900 / yr.
Estimated Taxes:  $1,369 / yr.
Property Management:  $2,100 / yr.
Maintenance:  $250 / yr.
Projected Income:  $16,381
Estimated APY:  8.54%

Price:
$179,900
Address:
South 3rd Street
Lake Mary, Florida 32746
Square Feet:
1,200
Bedrooms:
4
Bathrooms:
2
Terms:
For Sale
Property Type:
Duplex
Year Built:
1959

Call 321-766-9338 for more details

Property Location