$1,250,000

About This Property

Seller says, bring me an offer. This income-producing quadraplex sits on a double lot and presents an excellent opportunity for investors or owner-occupiers in a highly desirable location. The property features four units, two with 2 bedrooms and 1 bathroom each, an efficiency unit with a private bath, and a spacious owner’s unit with 2+ den, 2 bathrooms, and a 2-car garage. Ample parking for up to 8 cars and a partially fenced backyard with space for a pool add to the property’s appeal. Each unit, except the efficiency, is equipped with its own washer and dryer hook ups, offering convenience for tenants.The property’s location is unmatched, within walking or biking distance of Mercato, known for upscale shopping, dining, and entertainment, as well as Vanderbilt Beach and Wiggins Pass State Park beaches. Its flexibility for both short-term and long-term rentals ensures broad income potential. The absence of HOA fees further enhances affordability and flexibility for owners. Built in 1974, with additional units added in 2000 and a new roof installed in 2019, the property is well-maintained and move-in ready. With the potential for homestead tax benefits for the owner-occupied unit, this quadraplex is a versatile and lucrative investment opportunity in a prime area.

infoProperty Details

Property Type

Quadruplex

Year Built

1974

Lot Size

0.31 acres

Bedrooms

7

Bathrooms

5

Days on Market

55

Cumulative DOM

205

List Date

Jan 8, 2025

Sold Date

chairInterior Features

yardExterior & Lot

Mortgage calculator

Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.

Listed By

William Raveis Real Estate

239-529-5451