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Key Details
Sold Price $210,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 960 sqft
Price per Sqft $218
MLS Listing ID C7464519
Sold Date 08/31/22
Bedrooms 2
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1958
Annual Tax Amount $1,519
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 91x100
Property Description
Want to live the lake life and make money, too?! Look no further than this duplex located on Sandy Point Canal leading to Crooked Lake, which is known for its clear water and sandy beaches. Each side of this duplex has a kitchen, living room, one bedroom and one bathroom, with one side being recently updated. Kayak or canoe out from the back yard and enjoy spring fed, sandy-bottom Crooked Lake! Crooked Lake was classified as an Outstanding Florida Water by the State in 1987. O.F.W.s include only 41 of Florida's 1,700 rivers, several lakes and lake chains, several estuaries areas and the Florida Keys. Crooked Lake is the ONLY O.F.W. in Polk County and is the perfect place for swimming, skiing, tubing, kayaking and, of course, FISHING! There are endless possibilities for this property. Long-term or short-term rental, Air BNB, or with Warner University and Webber International University being so close in proximity it would make great college dorms. Tenants already in place (month-to-month), total monthly rents are $1950 ($750 & $1,250). Gross Income $23,400. Annual Operating Expenses $4,869: Property Taxes $1,457, Insurance $1,012, Utilities not paid by tenants $2,400. Great investment with a CAP Rate of 8.83% New roof completed 3/4/2022. New mini-split A/C units in both. Both units share well and septic. Septic pumped 2.5 years ago.
Location
State FL
County Polk
Zoning XX
Interior
Interior Features Kitchen/Family Room Combo
Heating Electric, Wall Units / Window Unit
Cooling Mini-Split Unit(s)
Fireplace false
Exterior
Exterior Feature Other
Parking Features Driveway
Utilities Available BB/HS Internet Available, Cable Available, Electricity Available
Waterfront Description Canal - Freshwater
View Y/N 1
Water Access 1
Water Access Desc Lake
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Private Sewer
Water Well
Structure Type Concrete, Stucco
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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Bought with STELLAR NON-MEMBER OFFICE