617 E Myers Boulevard
Mascotte, FL 34753

Listed at $850,000

Details

  • MLS# O6395319
  • Multi Unit - Multiple
  • Status Active
  • 13 Bedrooms
  • Bathrooms
  • 4,388 Square Feet
  • 0.440 acres
  • Built in 1973
  • Local Schools

Description

Exceptional opportunity to acquire 8 units in the growing Lake County market, including a mobile home attached to the property, creating a unique blend of traditional multifamily and workforce housing income streams. Situated in the heart of Mascotte, this established asset offers seven primary rental units plus an additional attached mobile home, for a total of eight income-producing units, providing immediate cash flow with future upside through rent optimization, cosmetic improvements, and professional management efficiencies.Positioned within one of Central Florida's expanding workforce housing corridors, the property benefits from strong...read more rental demand driven by proximity to Clermont, Groveland, Minneola, and the greater West Orlando growth path. Its established unit mix, accessible location, and affordable rental positioning make it an attractive long-term hold for investors focused on durable cash flow.This offering is available as part of a larger 112-unit bundled portfolio acquisition, allowing buyers to secure immediate scale, operational efficiency, and diversified rent roll exposure across multiple Central Florida communities. While this specific asset consists of 8 total units, it serves as a strategic component of the broader 112-unit portfolio opportunity.

Features

  • Other
  • Other
  • 1.0 Story
  • $5,956 Taxes
  • Well
  • Built in 1973
View All Features

Contact the Agent

Contact the Listing Agent
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Annual Net Income: 5456.60
  • Cooling: Other
  • Days on Site: 16
  • Directions: Take SR 50 into Mascotte, continue east on E Myers Blvd, property on right
  • Exterior Features: Other
  • Flood Zone Code: x
  • Foundation: Other
  • Heating: Other
  • Home Warranty Y/N: No
  • Interior Features: Other
  • Listing Terms: Cash, Conventional, Owner Financing
  • Lot Dimensions: 0.44
  • Lot Size: 0.44 Acres
  • Ownership: Fee Simple
  • Property Attached Y/N: No
  • Property Sub-Type: Triplex
  • Roof Type: Other
  • Sewer: Septic Tank
  • Showing Instructions: Appointment Only
  • Special Sale Provisions: None
  • Stories: 1.0
  • Taxes: $5,956
  • Units: 7
  • Utilities: Other
  • Water: Well
  • Water Access Y/N: No
  • Year Built: 1973
  • Zoning: CG