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965 CR 439 Lake Panasoffkee, FL 33538
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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 true
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
Parking Type Boat, Driveway, None
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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