New Listing - 09/14/2024
550 S Lakeview DRIVE, Lake Helen, FL, 32744
1978
3,885 sqft
Investment Opportunity: Fully Leased Five-Unit Apartment Building in Downtown Lake Helen, Florida awaiting the next investor. The complex boasts four 2-bedroom units and one single bedroom unit. All units with new windows and central HVAC units. Ample parking and located on a quite dead-end street across from the popular charter school and directly next to a daycare making it convenient for tenants with children. The property is within walking distance to stores and the city park and less than a block from the local police department. Lake Helen is a Family Friendly “Gem of Florida”, Lake Helen is with its many parks and large lakes for fishing and boating, annual events and small-town atmosphere. Minutes from nearby vibrant downtown Deland with shopping, fine and casual dining and more. Five minutes from I-4 west to Disney World/Universal Studios or east to World Famous Daytona Beach. Each tenant responsible for their own electric via the 5 independent meters. There is one master water meter and water billed quarterly and very inexpensive as units are on septic system. It will need a new roof and all units are with salvinia electrical panel boxes. Seller has obtained quotes for replacement of both and can be provided upon request. Serious inquires only. Please rely on pictures for condition of interior apartments. In respect of tenants, interior inspections/showings may occur during due diligence/inspection period only. This property is being sold AS IS.
Status:
Active
Type:
Commercial
Complex:
LAKE HELEN BLK 102
Heating:
Central, Electric
Cooling:
Central Air
Levels:
1
Acreage:
0.43
Est. Taxes:
$5,020
Construction
Block
Utilities
Electricity Available, Public, Water Connected
Days on Market:
1
Appliances:
Refrigerator
MLS #:
NS1082599
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of THE BARNETT GROUP, INC. Phone: 386-426-7234