$286,500
$310,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
1028 WASHINGTON PALM LOOP Davenport, FL 33897
4 Beds
3 Baths
1,811 SqFt
Key Details
Sold Price $286,500
Property Type Townhouse
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,811 sqft
Price per Sqft $158
Subdivision Bimini Bay Ph 01
MLS Listing ID O6138752
Sold Date 10/13/23
Bedrooms 4
Full Baths 3
Construction Status Inspections
HOA Fees $150/mo
HOA Y/N Yes
Originating Board Stellar MLS
Year Built 2005
Annual Tax Amount $2,647
Lot Size 1,306 Sqft
Acres 0.03
Property Description
This unique property offers a tremendous investment opportunity. The main unit is a 3 bedroom, 2 bathroom townhome, and the lockout/front unit has 1 bedroom, 1 bathroom, living space, and kitchenette (sink, cabinets, countertop, mini fridge). The HOA allows the lockout to be rented separately from the main unit, creating two opportunities to collect rent in one purchase (similar to a duplex). Most lockout units are small, with either one bedroom or one great room, but this unit offers a true separate bedroom space. This could also be an opportunity for a buyer to live in half of the property and rent the other half to offset a mortgage payment. The unit can be divided as is or can be used as a whole 4 bedroom 3 bathroom unit. Both AC units (main and lockout) were replaced and the unit features STAINLESS STEEL KITCHEN APPLIANCES. The main unit has IN-UNIT WASHER AND DRYER. The floors are laminate, tile, and vinyl, only carpet on the stairs. There is a low HOA of $150/month. The lockout unit is currently leased at $950/month. Conveniently located, this property is about 2 miles from the entrance to Hwy 192, less than 9 miles to Disney’s Animal Kingdom, less than 8 miles to Interstate 4, less than 6 miles from Margaritaville Resort, and about a 30 min drive to Universal Studios.
Location
State FL
County Polk
Community Bimini Bay Ph 01
Interior
Interior Features Ceiling Fans(s), Master Bedroom Upstairs, Open Floorplan, Thermostat, Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air
Flooring Laminate, Tile
Furnishings Unfurnished
Fireplace false
Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Laundry Inside, Laundry Closet
Exterior
Exterior Feature Rain Gutters, Sidewalk, Sliding Doors
Community Features Community Mailbox, Deed Restrictions, Playground
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
Amenities Available Playground
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description In County, Level, Sidewalk, Paved
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Construction Status Inspections
Schools
Elementary Schools Citrus Ridge
Middle Schools Davenport School Of The Arts
Others
Pets Allowed Yes
HOA Fee Include Maintenance Structure, Maintenance Grounds, Trash
Senior Community No
Ownership Fee Simple
Monthly Total Fees $150
Acceptable Financing Cash, Conventional
Membership Fee Required Required
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with GHALI REALTY, INC