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Cooper HomeFront Realty
16025 Wallace Street, Umatilla, FL 32784
- $499,000
- 7
- BD
- 3
- BA
- 3,512
- SqFt
- List Price
- $499,000
- Status
- Active
- Days on Market
- 46
- MLS#
- V4951056
- Property Style
- Triplex
- Year Built
- 1966
- Bedrooms
- 7
- Bathrooms
- 3
- Living Area
- 3,512
- Lot Size
- 15,902
- Acres
- 0.37
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Lynwood
- MLS Area Major
- Umatilla / Dona Vista
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.**
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Additional Information
- Taxes
- $5583
- Community Features
- No Deed Restriction
- Zoning
- R-6
- Interior Layout
- Primary Bedroom Main Floor, Solid Surface Counters
- Interior Features
- Primary Bedroom Main Floor, Solid Surface Counters
- Utilities
- Electricity Connected
- Heating
- Central, Other
- Air Conditioning
- Central Air, Wall/Window Unit(s)
- Exterior Construction
- Block
- Exterior Features
- Private Yard
- Roof
- Membrane, Shingle
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 26-18-26-0500-001-01000
- Legal Description
- LYNNWOOD LOTS 10 11 BLK 1 PB 12 PG 26 ORB 6278 PG 1710
Listing courtesy of LA ROSA REALTY CW PROPERTIES L. 407-910-2168
Find Out What Your Home May Be Worth
Your home's value depends on more than an automated estimate. Recent sales, current competition, property condition, location, neighborhood activity and competing new construction can all influence what buyers may be willing to pay.
Use the home valuation tool above for an initial estimate. If you're considering selling, Cooper HomeFront Realty can also provide a more detailed market analysis based on your specific property and current local market conditions.
Serving homeowners throughout Clermont, Minneola, Groveland, Winter Garden, Mascotte and surrounding Central Florida communities.
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