26645 COUNTY ROAD 561
Tavares, FL 32778

Huge price drop! Welcome to absolute tranquility! AIR BNB-APPROVED! SELLER FINANCING AT $850,000 PURCHASE PRICE, 10% DOWN, 6.5% INTEREST RATE, 20 YEAR AMORTIZATION WITH 5 YEAR BALLOON! This beautiful waterfront property sits on one of Little Lake Harris's canals. It features nearly half an acre of land and includes a dock with eight separate boat slips. The building itself is 3,892 SF with a metal roof, off-street parking with eight designated spaces and each unit has its own one-car garage. The property is 100% occupied. Three of the units are receiving $1,350/month in rent. One of them was recently leased out for market value ($1500/month), beginning January 1st. All of the units are 2/1s at 973 SF each with tile flooring throughout. Each unit has its own washer and dryer hookups, central A/C, and water heater. Three of the units have their own private rear enclosed patio. Each tenant pays their own electricity and water. Two of the boat slips are rented out for an additional $100/each. The current owner sees about a 6% cap rate, however, increasing the market rents slightly can yield a return of about 7% or it can be used for STR which would undoubtedly put the returns at 10% or more. It can even be used as an owner-occupant while earning income from the other three units. Recent improvements include: Full dock repair, pressure wash, and sealed, coated and sealed asphalt parking, all AC systems professionally serviced, and septic tank pumped