Incredible multi-family investment opportunity in a growing area $505,000

Lake Home For Sale

Incredible multi-family investment opportunity in a growing area of Avon Park! Full renovations completed in 2022 include new tile flooring throughout, updated windows, doors, kitchens, and bathrooms, as well as new fascia and soffit boards. The property has been rewired with updated electrical systems, including separate panels and meters for each unit This income-producing triplex sits on a cleared and surveyed 1.73-acre parcel zoned for multi-family residential use with city water already connected. Located just minutes from the newly developed Twin Lakes community, this property is ideal for both immediate cash flow and long-term development.

The triplex consists of three units:

Unit 1: 1 bedroom / 1 bathroom - currently rented at $1,250/month with a tenant on a 6-month lease

Unit 2: 2 bedroom / 1 bathroom - vacant, previously rented for $1,450/month

Unit 3: Slightly larger 2 bedroom / 1 bathroom - vacant, also previously rented for $1,450/month

The combined potential monthly rental income is $4,150, making this a high-yield opportunity for investors looking to grow their portfolio. With two units vacant and easy to show, you can start generating income immediately while leasing up or renovating to add further value.

The expansive 1.73 acres offer space and flexibility for future development -- add more multi-family units or consider rezoning opportunities (buyer to verify with city/county). The land is cleared, flat, and ready for your vision.

Whether you're a seasoned investor or just getting started, this property checks all the boxes: location, zoning, rental income, and room to grow. Don't miss your chance to capitalize on the rising demand in this rapidly developing area.