LEPI & ASSOCIATES
Listed by LEPI & ASSOCIATES
$619,000
5238 1st Street NE
Details
APN 04-60049-000
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 2
NOI $53,400
Occupancy 100%
Price per SqFt $377
Year Built 2023
Acreage 0.130
Parking Spaces 5 spaces
Multifamily | 2 Units
Marketing description
Sitting on a wide canal just off the main lake, this beautiful fully furnished custom A-frame built in 2023 is fabulous! Designed with two separate living spaces, each side has its own private entry and hot tub, and the home can be enjoyed as a duplex or as a single family! Fabulous opportunity for investors and lake lovers. Would be a perfect house hack, living on one side and renting out the other! The larger side boasts floor to ceiling windows, 2 bedrooms and 1 bath. The smaller side is a perfect blend of open floor plan and a lofted bedroom space. The expansive 60' composite deck is perfect for outside entertaining, and can be partitioned to provide privacy, should you opt to use living spaces separately. 60' of boat dock, with room for up to three boats. Whole house generator. 2 HVAC systems. Stellar view, private canal, just off of main lake, new deck/dock/seawall, ready for you to call yours! Welcome home! Agent owned.
Listing Contacts
LEPI & ASSOCIATES
Listed by LEPI & ASSOCIATES
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$53,400.00
$4,450.00/mo
Valuation Metrics
0
DSCR
8.63%
Cap Rate
8.63%
ROI
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