Lake Panasoffkee, FL 33538,965 CR 439

$650,000

Est. payment /mo

$749,900

13.3%
Est.Price: ?

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965 CR 439 Lake Panasoffkee, FL 33538

2.62 Acres Lot

SOLD DATE : 01/29/2020

Key Details

Sold Price $650,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID A4173806

Sold Date 01/29/20

Construction Status Financing

HOA Y/N No

Year Built 2004

Annual Tax Amount $3,717

Lot Size 2.620 Acres

Acres 2.62

Lot Dimensions 218x524

Property Description

Live your dream and own one of the most breathtaking Marinas in the state of Florida. Retired or still working and looking for an Income. This is a very versatile Property with numerous options for great income and return on your investment. Easy 13+% Net Cap Rate just from the rental cottages, R/V lots, and boat slip rentals without even including the on site restaurant income potential that is up and running. If the owner operates the restaurant and bait shop shemselves the numbers go up 30-40%. Waterfront restaurant features indoor and outdoor seating for up to 75 persons that could be rented out. Open as a catch and cook along with a menu restaurant. Your guest would love to eat what they caught.The restaurant has become extra income and a great asset to the area. There is a very nice 3/2 unit for the owners to live in, or choose a smaller unit and rent the larger one out. There are 28 boat slips, or 56 half slips for the average bass boat. Great income also comes in from the 11 units an upto 13 R/V lots on site. Start your own kayaking, canoeing, jet ski, paddle board or boat rental business or fishing tours. There are numerous ways to double your income possibilities.

Location

State FL

County Sumter

Zoning 5005, 5252

Interior

Heating Central, Electric

Cooling Central Air, Zoned

Exterior

Exterior Feature Outdoor Grill

Garage Boat, Driveway, None

Community Features Sidewalks, Water Access, Waterfront Complex

Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected

Amenities Available Boat Slip, Dock, Private Boat Ramp

Waterfront Description Lake

View Y/N 1

Water Access 1

Water Access Desc Lake

View Water

Roof Type Shingle

Porch Covered, Deck, Patio, Porch, Screened

Garage false

Private Pool No

Building

Lot Description In County, Sidewalk, Street Dead-End, Paved

Lot Size Range Two + to Five Acres

Water Public

Structure Type Block,Siding,Wood Frame

New Construction false

Construction Status Financing

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Membership Fee Required None

Special Listing Condition None

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Stellar MLS
Listed by All Florida Realty & Auction C
Bought with ALL FLORIDA REALTY & AUCTION C

Jeramiah Bustin

License Partner - Broker Associate

+1(813) 857-2120

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