109 W Guava Street

Description

If youre looking for multiple income streams to diversify your investment portfolio, then look no further. This property has a phenomenal location for redevelopment and during your hold time youve got a positive cash flow. Current gross income is $2,425/month and with renewals coming soon conservative increases could be upwards of $4,000/month. Situated in Lady Lake this property sits on .54 acres with 209 of frontage on W Guava St and 233 of frontage on W Hermosa St. Income streams include a residential mobile home consisting of 768sqft with 2BR/2BA, a commercial building consisting of 720sqft and currently being utilized as a hair salon, a commercial building consisting of 1,200sqft and currently being utilized as a computer repair storefront, and lastly a 16x27 (432sqft) storage building that isnt currently being rented. Heres your opportunity to own a prime parcel of real estate that has tremendous potential for redevelopment, which would include approximately the entire city block. Adjacent two owners will sell, which includes a Mobil gas station and mechanic shop. *Please do not visit properties unattended and do not bother tenants.