24545 SE HIGHWAY 450
About This Property
Located 6 miles from Umatilla, FL, this property offers approximately 2 acres of land with mature trees and open space, providing plenty of potential for those seeking privacy or room for future projects. The parcel currently includes a manufactured home with three bedrooms and two baths that needs significant repairs, making it an ideal opportunity for investors, renovators, or buyers ready to customize a home to their vision.
With its spacious acreage, there is ample room for outdoor living, gardening, or adding additional structures. Conveniently located near the Florida Elks Youth Camp, the property is surrounded by the charm of the country and the natural beauty of Marion/Lake County. This prime location offers both convenience and seclusion-an excellent canvas for someone ready to create their own country retreat.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2025 | Sold | ||
| Sold | |||
| Oct 2, 2025 | In contract | - | |
| In contract | |||
| Oct 1, 2025 | Relisted | $150,000 | |
| Relisted | |||
| Sep 28, 2025 | In contract | - | |
| In contract | |||
| Sep 13, 2025 | Listed by LAKE PROPERTY STARS | $150,000 | |
| Listed by LAKE PROPERTY STARS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017