150 VAN BUREN AVENUE,LAKE MARY,Seminole,Residential Income

Property Description

Excellent opportunity to purchase a multi-family property under market value! Full duplex on a large corner lot in Lake Mary. The larger unit is a 3 bedroom with 2 full baths, completely renovated throughout including a new kitchen and baths, solid wood cabinets, quartz countertops, and stainless steel appliances. This unit had the AC and windows replaced in 2019, a new water heater in 2021, and a full-size two-car garage with laundry. The smaller unit has 2 bedrooms with 2 full baths, a private entrance off 4th street, an indoor laundry closet, a screened enclosure, and a large carport. The flooring in both units was replaced with luxury vinyl plank in 2019 and the Roof was replaced in 2018. Market rent for the larger 3/2 side is approximately $2,400 per month and the market rate for the smaller 2/2 side is approximately $1,800 per month. Separate electrical meters and separate water meters. Two separate septic systems were both replaced in 2021. THE 3/2 SIDE IS LEASED AT $2,100 PER MONTH UNTIL 3/31/25 AND THE 2/2 SIDE IS LEASED AT $0 UNTIL 3/8/29 (without rent…this is not a typo 🙂 . Call for details. Real Estate Taxes 2023 are $4,843 Hazard Insurance approximately $2,350