This listing was posted on ListedBuy.
$899,900
636 E Cornell St APT 1-5
Price:
$899,900
BR/BA:
6 BR, 5 BA
Location:
636 E Cornell St APT 1-5, Sebring, FL
Description:
Unique opportunity! Lakefront, income generating, meticulously maintained, multi-family property. Enjoy the beautiful sunsets and the white sandy beach or relax in the pavilion down by the lake. Villa Lotela is located on Lake Lotela, which is a coveted, pristine, sandy bottomed, 800+acre recreational lake. Water enthusiasts, feel free to bring watercraft, boats, jetskis, tubes, etc. The fishing can also be a lot of fun! For those who golf, Pinecrest Golf Course is on the other side of the lake! There are numerous other reasonably priced golf courses nearby. Villa Lotela was originally a beautiful lake front home that was built in 1925. At some point in time, the residence was made into apartments. There are four one bedroom one bath apartments in the main building. In addition, there is a detached two bedroom one bath cottage. Each of the 5 units has a full kitchen and bathroom. There is a common laundry area in the main building. Currently, all 5 units are managed as furnished saleals with contracts of 6 month to a year. All units are on leases with varying end dates. As structured now, a typical guest is someone looking to stay in the area, that may be building a home, waiting to purchase a home, here on a professional work contract, or corporate saleal. The niche that we serve currently is often someone looking for the comfort or a hotel or Airbnb, who doesn’t want to pay Airbnb/hotel pricing. Whether you want to live in one unit and sale the rest for supplemental income or continue to sale all 5 units, the option is yours. And of course, for investors, there are different ways to manage the property such as increased rental income with Airbnb possibility. Creative minds might consider Corporate Retreat, wedding venue, etc. One could even convert back to a primary residence. All 3 buildings had new metal roofs installed in 2022. Units are separately metered for electric. Ample parking and separate entrances for each unit. One of a. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
For sale by:
By Owner
Posted:
July 29 2023 on ListedBuy
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More About this Listing: 636 E Cornell St APT 1-5
636 E Cornell St APT 1-5 is a Six Bedroom 5.5 Bath Multi-Family Real Estate for Sale at 636 E Cornell St Apt 1-5 in Sebring FL. Find other listings like 636 E Cornell St APT 1-5 and listings near 636 E Cornell St Apt 1-5 by searching Oodle Classifieds for Six Bedroom 5.5 Bath Multi-Family Real Estate for Sale in Sebring FL.
636 E Cornell St APT 1-5 is a Six Bedroom 5.5 Bath Multi-Family Real Estate for Sale at 636 E Cornell St Apt 1-5 in Sebring FL. Find other listings like 636 E Cornell St APT 1-5 and listings near 636 E Cornell St Apt 1-5 by searching Oodle Classifieds for Six Bedroom 5.5 Bath Multi-Family Real Estate for Sale in Sebring FL.