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Property
Beds
7
Full Baths
3
1/2 Baths
None
Year Built
1925
Sq.Footage
1,762
Fully renovated and income-producing, this turnkey property is an exceptional investment opportunity with strong, stable cash flow. The home features brand new flooring and subflooring, fresh interior paint, a newly installed septic system and drainfield, a 2022 brand new roof, and a 2024 water heater with most plumbing lines updated. The bathroom has been renovated, and the HVAC system was serviced in 2025, ensuring minimal near-term capital expenditures. The property is currently configured for co-living with seven tenants in place, generating $4,400 in monthly rent, plus an additional $100 from two storage tenants, bringing total gross monthly income to $4,500. All tenants have been thoroughly background and credit screened and are set up on digital payment platforms, providing a streamlined and reliable rent collection process. Operational efficiency is enhanced with smart locks installed on both the front entry and individual room doors. A property cleaner/onsite contact is already in place to assist with maintenance and lawn care, making this a truly hands-off investment. All leases are available for review upon request for qualified buyers. This is a rare opportunity to acquire a fully stabilized, professionally managed asset with immediate cash flow from day one.
Features & Amenities
Interior
-
Other Interior Features
Open Floorplan, Stone Counters
-
Total Bedrooms
7
-
Bathrooms
3
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding, Frame
-
Other Exterior Features
Private Yard
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.62
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
Price
-
Sales Price
$390,000
-
Tax Amount
$2,990.72
-
Sq. Footage
1, 762
-
Price/SqFt
$221
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
New Construction
NO
-
Foundation Details
Block
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
0000
-
Water Source
Public
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Location
County
Hernando
Elementary School
Middle School
High School
Listing Courtesy of Pawan Agarwal , LOTUS REAL ESTATE LLC
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Business Coach | Executive Sales Associate | Realtor®
Michael Graf
Call Michael today to schedule a private showing.
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