1420 E LAKEVIEW AVENUE
About This Property
Discover a unique opportunity in this charming 2-bedroom, 1-bath home, built in 1927 and brimming with potential. Located on a desirable double lot, this property offers incredible flexibility. You could renovate the existing home into a one-of-a-kind cottage, infusing it with your personal style and creating a truly unique living space.
The expansive double lot presents a rare investment opportunity. You have the option to split the lot, build a new home to sell, or even create a separate AirBnB property to generate income. With no HOA to restrict your vision, the possibilities are truly endless.
Enjoy the convenience of being just a short distance from the vibrant downtown areas of both Eustis and Mount Dora, offering a variety of dining, shopping, and entertainment options. The detached shed houses the laundry room and extra storage.
This property is a blank canvas, ready for you to make it your own. Don't miss this chance to own a piece of history and capitalize on a fantastic real estate opportunity!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017