1510 Melady Avenue
Property Description
Investors, here's an opportunity that's hard to find! This offering includes two side-by-side duplexes totaling four rental units, all fully occupied and generating income from day one. With each 2-bedroom, 1-bathroom unit currently rented for $1,200 per month, the properties produce a combined $4,800 in monthly rental income and $57,600 in annual gross rental income, with an advertised cap rate of 8.4%. Whether you're looking to start your real estate investment journey or expand an established rental portfolio, this turnkey opportunity offers four income-producing doors in one convenient location. Acquiring both duplexes together provides the benefit of managing multiple rental units within the same immediate area. Each unit features a practical 2-bedroom, 1-bathroom layout designed for everyday functionality. Both properties are connected to city water and sewer, adding to their appeal as long-term rental investments. An additional storage shed located at 1510 Melady Avenue provides convenient space for the owner's maintenance supplies, tools, and property management essentials. Centrally located in Sebring, the properties offer convenient access to medical facilities, shopping, grocery stores, schools, dining, and other everyday amenities-an appealing advantage for tenants seeking accessibility and convenience. Sale includes both properties: 1510 Melady Ave, Sebring, FL 33870 and 4105 E Josephine St, Sebring, FL 33870. With four occupied units, established rental income, and an advertised 8.4% cap rate, this is a compelling opportunity to acquire a multi-unit investment package in the Sebring market. Opportunities to purchase two neighboring duplexes together are hard to come by. Expand your portfolio with four income-producing doors in one strategic purchase!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $579,000 |
| Year Built: | 1980 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 4 |
ID: 3yd-HMLSFL-328629
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