"INVESTOR ALERT" - (9.6% CAP RATE) THREE SEPARATE SINGLE FAMILY INCOME PRODUCING PROPERTIES, FRUITLAND PARK, FL 34731.
Established ROI for three separate single-family homes on a .55 acre corner lot. The Properties have been fully leased and will generate
$28,800.00 in Gross Annual Income....if not more! PERFECT for a Private Investor looking for a "GREAT CAP RATE" Cap Rate or someone who wants to live On-Site and lease-out the other two units. Also zoned RP (Residential Professional) & possibly converted into professional offices. Unit#1 (3907 Picciola) is a 3-Bed, 2-Bath, 1,452 s/f GLA, Split plan, Block & Stucco, FRESHLY Painted Inside & Out, NEW Refrigerator & Range, NEW Kitchen Cabinets, NEWER drain field (2017), NEWER HVAC w/2 units-One for the Master Suite & One for rest of the House (2019), NEWER Tile Countertop & Backsplash, NEWER Light Fixtures & Ceiling Fans Throughout, Re Textured Walls & Ceilings, 6-Panel Doors, Inside Laundry, Separate Living & Family Rooms, 50 Gallon Water Heater, NO CARPET - Tile Floors Throughout, Large Back Yard, 11'x21' Screened Enclosed Rear Porch & 1-Car Garage. Units#2 (3911 Picciola) & #3 (3919 Picciola) are Both 1-Bed, 1-Bath Cottages, 468s/f GLA, Block & Stucco, NEWER Light Fixtures & Ceiling Fans Throughout, Ceramic Tile Floor & Window Treatments Throughout, NEWER HVAC, Re Textured Walls & Ceilings, 6-Panel Doors, Completely Re Plumbed, Updated Electrical, NEWER Water Heaters, NEWER Oak Cabinets, NEWER Appliances, Tile Countertops & Backsplash, Stainless Steel Sink, Storage Closets, Updated Walk-In Showers, Screened Patio, 1-Car Carport. Additional Features: Separate 10'x12' Building between Units#2 & #3 which is for Laundry & Storage for the Two Cottages. Each home has it's own Water Meter, Electric Meter & Septic Tank, All units updated 2013, New Drain Field in Unit #1 (2017), Termite Bond On All Units (Transferable & Since 2014), Landlord Annual (2021) Insurance for Entire Property ($2,352.00), New Boundary Survey Available and more. Call Agent for more information or to schedule a private "Covid Safe" showing.