Jennifer D. Jennings
REALTOR®
BEDS0
BATHS
SQUARE FEET3,512
MLS#V4951056
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLYNWOOD
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.**
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central, Other
Lot Size: 0.37 Acres
Roof Type: Membrane, Shingle
Taxes: $5,583
Year Built: 1966
Amenities
Primary Bedroom Main Floor
Solid Surface Counters
Private Yard
Feature Descriptions
Annual Net Income: 63000.00
Days on Site: 3
Directions: right side of wallace st
Exterior: Block
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.37
Other Equipment: Private Yard
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Septic Tank
Showing Instructions: ShowingTime
Special Sale Provisions: None
Utilities: Electricity Connected
Water: Well
Water Access Y/N: No
Zoning: R-6
Listed By / Shown By
Listed By
Agency Name: LA ROSA REALTY CW PROPERTIES L
Agency Contact: 407-910-2168
Shown By
Agent Name: Jennifer D. Jennings
Agent Phone: (989) 295-4680
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 3,402.06 per month $2,791.26 Principal & Interest $465.25 Property Tax $145.54 Homeowner's InsuranceChange Payment Information
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16025 Wallace Street | MLS# V4951056
This multi-family property located at 16025 Wallace Street , Umatilla, FL 32784 is currently listed for sale with an asking price of $499,000. Search Umatilla real estate on www.jdjrealtor.com today.