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Multifamily properties
FL
St. Cloud
34769
3211 Lakeshore Blvd

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FOR SALE

Residential income homes

3211 Lakeshore Blvd Saint Cloud, FL 34769

Built 2021

Property ID

US18-1702373

$1,249,900

3211 Lakeshore Blvd, Saint Cloud, FL 34769
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This exceptional Class A multifamily investment opportunity in St. Cloud, Florida, presents a compelling case for savvy investors. The property, located at 3211 Lakeshore Blvd, comprises two buildings totaling 4,531 square feet of net rentable space, constructed in 2021. The property features four rental units, each with its own entrance. The main house boasts a spacious layout including a large combined kitchen and dining area, a 31 x 31-foot living/family room, and a total of five bedrooms and five and a half bathrooms. Unit configurations include a two-bedroom unit (approximately 1200 sq ft), a one-bedroom unit, and two additional downstairs units. High-end finishes are evident throughout, including hurricane-strength windows, two 5-ton energy-efficient air conditioning units, a tankless water heater, smart refrigerator, and LED lighting controlled by smartphone. The property sits on nearly an acre of land and includes a large screened-in porch, a three-car oversized garage (44 x 25 ft), and a block warehouse with potential for renovation into additional rental units. The property is elevated 5 feet above normal requirements. The property boasts a strong rental history and generates an approximate annual net income of $60,436. This turnkey investment is ideally suited for both investors and owner-operators, and qualifies for the Freddie Mac 5% down program, making it an attractive opportunity to capitalize on Central Florida's growth. The property's APN is 342530495000014040 and is zoned RS-2. The asking price is $1,349,900.