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Exceptional investment opportunity offering a strong 9.5% cap rate! This fully renovated multifamily property has undergone extensive upgrades, including updated electrical systems, newer HVAC units, and upgraded water heaters. Featuring a total of 16 units, the property consists of 4 two-bedroom/one-bath units, 11 one-bedroom/one-bath units, and 1 studio unit. Every unit has been remodeled on the interior and includes the convenience of in-unit laundry. The property offers ample on-site parking and is currently 100% occupied with long-term tenants, providing immediate and stable cash flow. Zoned and suitable for both short-term and long-term rental strategies, allowing future ownership flexibility. A truly turnkey asset with significant capital improvements already completed and minimal deferred maintenance.
| DAYS ON MARKET | 5 | LAST UPDATED | 6/13/2026 |
|---|---|---|---|
| TRACT | NORTH UMATILLA | YEAR BUILT | 1930 |
| COMMUNITY | 32784 - Umatilla / Dona Vista | COUNTY | Lake |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 32784 - Umatilla / Dona Vista |
| CONSTRUCTION | Block |
| HEAT | Electric, Heat Pump |
| INTERIOR | Other |
| LOT | 0.53 acre(s) |
| LOT DESCRIPTION | Level, Paved |
| LOT DIMENSIONS | 200x100 |
| PARKING | None |
| SEWER | Public Sewer |
| SUBDIVISION | NORTH UMATILLA |
| TAXES | 21242.22 |
| UTILITIES | Other |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Victor Avila, LPT REALTY, LLC, 877-366-2213
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 6/17/26 4:45 AM PDT.
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