$449,000

New listing

923 N FEDERAL Highway FL 33460

592 sq ftBuilt 1925MLS# B26096155

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About this property

Excellent Income-Producing Investment Opportunity with Room to Increase Rents!
Legal duplex property featuring three separate rental units, including two charming 1-bedroom, 1-bathroom cottages and an additional studio unit. Currently generating steady rental income, with the two 1-bedroom units renting for $1,500 and $1,350 per month, and the studio renting for $1,350 per month, for a total monthly rental income of $4,200 ($50,400 annually). There is additional potential to increase rents and maximize your return on investment! The property features frame construction, freshly painted interiors and exteriors, and a roof in good condition. Each unit offers comfortable living spaces with plenty of charm. Additional highlights include separate water and electric meters, on-site laundry

Features

  • Waterfront
  • Water view

Property details

Property type
Multi-family
Year built
1925
Living area
592 sq ft
Price per sq ft
$758
HOA fee
/mo
Property taxes
$5,959/yr
Status
New listing
MLS #
B26096155

Listing courtesy of Paradise Real Estate Intl.

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