61 N Central Avenue, Umatilla, FL 32784
sale
$474,000
|
Other
Courtesy Of eXp Realty LLC
Positioned in the heart of downtown Umatilla, this versatile mixed-use property presents a strong income-producing opportunity with both residential and commercial components. The second-floor features three well-maintained 1-bedroom, 1-bath apartments, all updated with interior paint and remodeling completed in 2015, offering comfortable living spaces ideal for steady rental income. The ground floor is currently configured as a salon/hair studio, with excellent visibility and storefront presence. The layout provides flexibility to accommodate a single user or be demised into two separate commercial units, each with its own entrance and display windows ideal for retail or service-oriented tenants. Additional value is found at the rear of the property, where a detached garage offers potential for supplemental rental income or on-site storage. Parking is conveniently available both curbside and behind the building. Capital improvements include a roof replacement in 2014, along with new gutters and downspouts, and exterior stucco and paint completed in 2015 reducing near-term maintenance concerns. With its central location, multiple income streams, and adaptable layout, this property represents an excellent opportunity for investors or owner-users seeking a foothold in a growing downtown market.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 4
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Cooling System: Central Air
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Block
- Legal Description: UMATILLA, YANCEY'S ADD S 30 FT OF LOT 2, N 3.5 FT OF LOT 3 BLK G--LESS W'LY 15 FT-- PB 1 PG 30 ORB 3957 PG 85
- MLSID: G5111453
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