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Umatilla Triplex Investment Opportunity

30 LAKESIDE AVENUE Umatilla, FL 32784

Claim this Listing
For Sale
$299,000

Triplex in Umatilla, FL, near the lake and amenities.

Type:Multi Family
Property size:
1,135 SF
Lot size:
0.29 Acres
Price / SF:
$263/SF
Added:
Feb 1, 2025
Days on Market:
527
Last Refresh:
May 20 at 1:15 am

Property Features for 30 LAKESIDE AVENUE

General Information

Standard status
Active
Size
1,135 SF
Lot size
0.29 Acres
Property subtype
Multi Family

Building Details

Year Built
1958

Listing office RLW REALTY

Listing date Feb 1, 2025

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of RLW REALTY


Investment Insights

Based on property information with market context.

Located at 30 Lakeside Ave in Umatilla, FL, this triplex presents an investment opportunity. The property is situated in a serene neighborhood near the lake, offering residents views and a peaceful atmosphere. Its location provides convenient access to shops, restaurants, and parks. Each unit features a functional design with spacious layouts, providing ample living space. The kitchens are equipped with modern appliances and countertops. Open-concept living and dining areas create an atmosphere for relaxation and entertainment. The property size is 1135 square feet.

Key Highlights

  • Prime location in Umatilla, FL, offering a desirable investment opportunity.
  • Close proximity to the lake, providing residents with breathtaking views and a peaceful atmosphere.
  • Convenient access to shops, restaurants, and parks, ideal for tenants seeking a vibrant lifestyle.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $23.2k $20.40
− Vacancy −$1.5k −$1.35
EGI $21.6k $19.05
− OpEx −$6.5k −$5.72
NOI $15.1k $13.34
1,135 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$216.3K
$189.2K – $252.3K (±1% cap)
NOI $15,138 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$199.1K
$174.2K – $232.3K (±1% cap)
NOI $13,938 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$323.0K
$282.6K – $376.8K (±1% cap)
NOI $22,609 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Dental Office Real Estate Agency Law Firm Grocery & Convenience Store Storage Facility Furniture & Home Goods Electrical Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Triplex in Umatilla, FL, near the lake and amenities.
Where is this triplex located?
The property is located at 30 LAKESIDE AVENUE Umatilla, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Prime location in Umatilla, FL, offering a desirable investment opportunity.; Close proximity to the lake, providing residents with breathtaking views and a peaceful atmosphere.; Convenient access to shops, restaurants, and parks, ideal for tenants seeking a vibrant lifestyle.
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