1234 Red Hill Road, Davenport, FL 33837
- $385,000
- 5
- BD
- 4
- BA
- 2,522
- SqFt
- List Price
- $385,000
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- S5155696
- Subtype
- Residential
- Style
- Two Story
- Architectural Style
- Traditional
- New Construction
- Yes
- Year Built
- 2024
- Bedrooms
- 5
- Bathrooms
- 4
- Full Baths
- 3
- Half Baths
- 1
- Living Area
- 2,522
- Lot Size
- 4,940
- Acres
- 0.11
- Subdivision
- Lake Charles Residence Ph 2
- MLS Area Major
- Davenport
Property Description
INVESTOR OPPORTUNITY – ASKING $385,000 – 6.9 CAP RATE – 5 BED / 3 BATH LAKEFRONT HOME – BUILT 2023 Exceptional investment opportunity in the desirable Charles Cove community in Davenport! ASKING ONLY $385,000. This spacious 5-bedroom, 3-full-bath, 2-car garage lakefront home, built in 2023, offers one of the best prices in Davenport for a home of this size, style, and age, combined with exceptionally low ownership costs: HOA only $110/year, insurance approximately $1,500/year, and property taxes approximately $3,495/year. Already tenant-occupied at $2,640/month through April 2027, providing immediate rental income and an outstanding 6.9 CAP RATE. The modern two-story floor plan features an open-concept living area and a convenient first-floor bedroom with full bathroom, ideal for guests or multi-generational living. Upstairs you'll find the spacious primary suite, three additional bedrooms, two full bathrooms, a loft, and laundry room. Smart-home features and tile/wood-style flooring throughout the first floor add to the home's appeal. Enjoy beautiful lakefront views and Charles Cove's resort-style amenities, including a community pool with kiddie splash zone, playground, multi-purpose sports/soccer field, shaded cabanas, picnic areas, and pavilion. Excellent Davenport location just off US Hwy 27, approximately 15 miles from Disney's main gate, and convenient to Posner Park/Posner Village, shopping, restaurants, schools, and major Central Florida attractions. INVESTMENT HIGHLIGHTS: Asking $385,000 | Built 2023 | 5 Beds | 3 Full Baths | 2-Car Garage | Lakefront | Rent $2,640/Month Through April 2027 | 6.9 CAP Rate | HOA $110/Year | Insurance Approx. $1,500/Year | Property Taxes Approx. $3,495/Year | Immediate Rental Income.
Additional Information
- Interior Features
- PrimaryBedroom Upstairs, Thermostat, Walk-In Closet(s)
- Exterior Features
- Lighting, Private Mailbox
- HOA Fee
- $110
- HOA Freqency
- Annually
- Community Features
- No Deed Restriction
- Property Description
- Two Story
- Appliances
- Convection Oven, Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Microwave, Range, Refrigerator, Washer
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Concrete
- Exterior Features
- Lighting, Private Mailbox
- Levels
- Two
- Roof
- Shingle
- Foundation
- Block
- Garage
- 2 Car Garage
- Garage Spaces
- 2
Listing courtesy of ADVANCE FLORIDA REALTY, INC.. 786-546-5558
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