Description

Solid block fourplex in Auburndale (Lake Hart Estates) offering strong current cash flow and clear value-add upside. With lake views in front of Lake Ariana and in Flood Zone X.4 units, each 2 bed / 1 full + 1 half bath, totaling 4,352 sq ft. Currently fully occupied with total gross rents of $5,300/month ($63,000 annually).Current leases: Unit 201 - $1,350 - expires 11/30/26 Unit 205 - $1,300 - expires 9/1/27 Unit 209 - $1,300 - expires 4/30/27 Unit 213 - $1,350 - expires 5/31/27Tenants pay all utilities.2025 taxes: $5,982 | Insurance: $5,910 | Lawn: $80/mo.Rents are slightly below market, providing upside potential with unit updates. Solid brick construction, new development next door, and desirable location.Showing Instructions:48-hour notice required. Property is fully occupied. Please coordinate all showings in advance.