550 S Lakeview Drive, Lake Helen, FL 32744
- $401,019
- 3,885
- SqFt
- Sold Price
- $401,019
- List Price
- $375,000
- Status
- Sold
- Days on Market
- 5
- Closing Date
- Nov 18, 2024
- MLS#
- NS1082599
- Property Style
- Multi-Family
- Year Built
- 1978
- Living Area
- 3,885
- Lot Size
- 18,787
- Acres
- 0.43
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Lake Helen Blk 102
- MLS Area Major
- Lake Helen
Property Description
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.
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Additional Information
- Taxes
- $5020
- Community Features
- No Deed Restriction
- Floor
- Carpet, Laminate
- Appliances
- Refrigerator
- Utilities
- Electricity Available, Public, Water Connected
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 7130-02-53-0024
- Legal Description
- E 100 FT OF BLK 162 EXC S 298.88 FT & EXC N 210 FT MB 12 PG 12 LAKE HELEN & INC ADJ W 1/2 LAKEVIEW AVE VAC PER RES #84-4 PER OR 3738 PG 3857 PER OR 6517 PGS 2907-2910 INC PER OR 6526 PGS 3739-3742 INC PER OR 7244 PG 4159 PER OR 7618 PG 3767
Listing courtesy of THE BARNETT GROUP, INC.. 386-426-7234
Selling Office: THE BARNETT GROUP, INC..Mortgage Calculator
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