402 E Main Street, Dundee, FL 33838
sale
$420,000
|
Other
Courtesy Of Real Estate Brokers USA, Inc
Fully occupied multifamily investment opportunity on an oversized corner lot with excellent visibility. This two-story apartment building features five units, each with its own electric meter. Each unit offers a one-bedroom, one-bath layout plus a bonus room that could function as a second bedroom, along with a kitchen and living area. Units are equipped with window A/C units.
Tenants pay their own electric, while rent currently includes water and trash. The property is on city water with a septic system approximately 10 years old. Current gross annual income is $51,000, with strong potential for increased returns through renovations and rent adjustments.
Additional features include a storage area that could be converted into a shared laundry facility, adding further value and convenience for tenants. Ideal for investors looking to add value and maximize income potential.
View a video and navigate a 360 degree interactive virtual tour with zoom in and out capabilities to see how close Downtown Dundee is.
Tenants pay their own electric, while rent currently includes water and trash. The property is on city water with a septic system approximately 10 years old. Current gross annual income is $51,000, with strong potential for increased returns through renovations and rent adjustments.
Additional features include a storage area that could be converted into a shared laundry facility, adding further value and convenience for tenants. Ideal for investors looking to add value and maximize income potential.
View a video and navigate a 360 degree interactive virtual tour with zoom in and out capabilities to see how close Downtown Dundee is.
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Virtual Tour
Property Features
- Age: Over 50 Years Old
- Appliance: Refrigerator
- Architecture Style: Other
- Building Units: 5
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Block
- Heating System: Electric (Heating)
- Legal Description: DUNDEE PB 1 PG 86 BLK 14 LOT 9 N 75 FT & N 75 FT OF 10 & THAT PORTION OF SR 17 RD R/W LYING ADJACENT TO LOT 10 DESC AS COMM AT NW COR LOT 10 RUN E 9.32 FT FOR POB RUN N 3 FT E 34.5 FT S 3 FT W 34.5 FT TO POB
- MLSID: P4938541
- Roof Type: Shingle
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