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Great return on 3 already occupied condos. Take over and collect rent immediately. Each unit is a 2 bedroom, 1 bath unit with indoor laundry, new roofs (2015), individual driveway, and private patio. The HOA covers yard and exterior building maintenance. The units are block/stucco construction built in 1981 with asphalt shingle roofs. The interior of each unit is in good rental condition, having adequate appliances, central air and modest updated finishes. The community is only an 8 minute drive south of Inverness, off of S. Floral City Road, in the Floral City area of Citrus County, Florida. The community also features adequate space for RV and boat parking in addition to providing a common lakefront lot with dock and boat ramp for lakefront picnics and recreational activities.
Forest Inlet, Annual HOA: $4,860
Est. Rehab: $6,000
Current Monthly Rent: $1,875
Est. ARV: $135,000
- Address: East Moonrise Lane, Floral City, Florida 34436
- Price: $109,000
- Availability: Sold
- Listing Type: Condos
- Bedrooms: 6
- Bathrooms: 3
- Total Square Feet: 2358
- Construction Type: Block / Stucco
- Year Built: 1981