765 Lake June Rd Lake Placid, FL 33852

This exceptional investment opportunity presents a stabilized, two-unit single-family home rental portfolio situated on a sprawling 15,000-square-foot lot in desirable Lake Placid, Florida. The property, boasting a combined 2,140 square feet of net rentable space, comprises two solid concrete block construction homes, each featuring recently updated roofs and air conditioning systems (2024). Currently operating at 100% occupancy with yearly leases generating a combined monthly rental income of $3,100, this portfolio offers a compelling 8.61% capitalization rate. The asking price is $400,000, translating to $200,000 per unit and $186.92 per square foot. The property is situated on Lake June Road, offering a prime location. Tenants are responsible for all utilities. Note that the ground lease is in place and expires July 14, 2025. This Class A property, built in 1964, presents a rare chance to acquire a high-performing rental portfolio in a sought-after Florida location. The current leases expire June 30, 2025 and July 14, 2025, providing immediate income and future lease renewal potential. This is a turnkey investment ideal for those seeking strong returns in the Florida real estate market.