TWO HOME MULTI FAMILY INCOME PRODUCING PROPERTY IN DESIRIBLE AREA OF ZEPHYRHILLS!!!! This property features a 1956 wood frame home that is 1,270 sq ft stripped down to the studs in most of the home. Current floorplan has 2 beds 2 baths but could also be easily converted to a three or four bedroom home. Home will require an extensive buildout and would make a great rental or homestead after completion. Ceilings are vaulted in the living area, screened in lanai, attached workshop and storage barn, home has great potential to be built out and made like new again! Other home is a 1968 2 bed 2 bath 720 sq ft single wide mobile home that has had recent remodeling and fresh paint on the interior. Currently tenant occupied through August 2019 at $600 per month. Site is Zoned for Office Professional and adjacent to some very high end medical offices. Great location in walking distance to Florida Hospital, medical, shopping, and retail establishments. Single family home projected to rent for at least $1,000 per month after built out. Price reflects the new buyers needs and anticipated cost to remodel and finish the single family home. Projected CAP rate of 10.28% after buyers anticipated remodel costs of around 35k, and home is rented. 3 wells on property and one possibly two septics. 24 hr notice to show mobile home as currently tenant occupied. Great opportunity to own two homes on one larger .54 acre lot! call today!
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*Data Updated 05 25 2019
MLS Office ID: 260030671
Lipply Real Estate Company
3302 Alternate 19 North, Suite A
Palm Harbor, FL 34683
Toll Free: 888-423-5775
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