UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,512 sqft
Price per Sqft $142
Subdivision Lynwood
MLS Listing ID V4951056
HOA Y/N No
Year Built 1966
Annual Tax Amount $5,583
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 166x100
Property Sub-Type Triplex
Source Stellar MLS
Property Description
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.**
Location
State FL
County Lake
Community Lynwood
Area 32784 - Umatilla / Dona Vista
Zoning R-6
Interior
Interior Features Primary Bedroom Main Floor, Solid Surface Counters
Heating Central, Other
Cooling Central Air, Wall/Window Unit(s)
Fireplace false
Laundry Inside, Other
Exterior
Exterior Feature Private Yard
Utilities Available Electricity Connected
View Y/N No
Water Access No
Roof Type Membrane,Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Septic Tank
Water Well
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/V4951056
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