16025 Wallace Street, Umatilla, FL 32784
- $499,000
- 3,512
- SqFt
- List Price
- $499,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- V4951056
- Subtype
- Residential Income
- Year Built
- 1966
- Living Area
- 3,512
- Lot Size
- 15,902
- Acres
- 0.37
- Subdivision
- Lynwood
- MLS Area Major
- Umatilla / Dona Vista
Property Description
**TRIPLEX | $60,000+ POTENTIAL ANNUAL INCOME | HOUSE-HACKING OPPORTUNITY** Great investment opportunity in Umatilla! This versatile **triplex** offers the potential for **over $60,000 in annual gross rental income**, while also providing an excellent opportunity for an owner-occupant to house hack. The property features **three separate units**, creating multiple income streams under one roof. The **1-bedroom unit can be delivered vacant**, allowing the new owner to move in and live on-site while renting the other two units to help offset their mortgage and expenses. For investors, the property offers the potential to generate **$60,000+ in gross annual rental income**. For owner-occupants, the ability to occupy the 1-bedroom unit while collecting rent from the other units creates an attractive path toward significantly reducing the cost of homeownership. Located in Umatilla, this property offers a convenient residential setting with easy access to local shopping, dining, schools, parks, and surrounding Lake County communities. **Three units. Multiple income streams. $60,000+ potential gross income. And the flexibility to house hack.** Whether you're looking to expand your rental portfolio or live in one unit while the property helps pay for itself, **16025 Wallace St is an opportunity you won't want to miss.**
Additional Information
- Interior Features
- Primary Bedroom Main Floor, Solid Surface Counters
- Exterior Features
- Private Yard
- Financing
- Cash, Conventional, FHA, VA Loan
- Community Features
- No Deed Restriction
- Zoning
- R-6
- Heating
- Central, Other
- Air Conditioning
- Central Air, Wall/Window Unit(s)
- Exterior Construction
- Block
- Exterior Features
- Private Yard
- Roof
- Membrane, Shingle
- Foundation
- Slab
Listing courtesy of LA ROSA REALTY CW PROPERTIES L. 407-910-2168
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