4 Beds
4 Baths
2,104 SqFt
4 Beds
4 Baths
2,104 SqFt
Key Details
Property Type Multi-Family, Condo
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,104 sqft
Price per Sqft $199
Subdivision Inverness Highlands North
MLS Listing ID 2094941
Bedrooms 4
Full Baths 4
Annual Tax Amount $6,299
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Duplex
Source realMLS (Northeast Florida Multiple Listing Service)
Property Description
This is not a DIY rental—it's a professionally engineered wealth-building vehicle. The homes are built ''tenant-proof'' with durable finishes and thoughtful design to reduce wear and tear. As new construction, the property is backed by builder warranties that virtually eliminate the risk of a broken A/C, plumbing issue, or appliance failure wiping out years of cash flow. Even better, two years of property management are included for free, followed by a market-beating 8% fee. With a net operating income of $25,700 and a first-year cash-on-cash return of over 10% with tax savings, this is a set-it-and-forget-it model of long-term income and equity growth.
While the initial cash flow is modest, the projected net profit projection reaches $217,000 by year six and nearly $1 million by year fifteenwithout the operational headaches typically tied to real estate. Reach out for proforma breakdown.
So how is all of this possible?
It comes down to the one rule that never fails in real estate: location, location, location. Inverness was chosen strategically for its powerful fundamentalsrising rental demand, a surge in relocations from higher-cost areas, and limited new housing supply. As the city continues to grow and evolve, so does the value of owning smartly designed, income-producing properties in prime locations like this. The builder's team didn't just construct a duplexthey placed a high-performing asset in the path of progress.
Backed by Jim Sheils, author of Passive Income, this offering combines elite financing, smart construction, and a high-growth market to deliver the kind of passive income in real estate most investors only talk about or never even thought existed.
Location
State FL
County Citrus
Community Inverness Highlands North
Area 993-Out Of Area-South
Direction Going east on W main st, turn right on Apopka Ave, property will b elocated on left.
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Other
Utilities Available Sewer Connected, Water Connected
Garage No
Private Pool No
Building
Lot Description Cleared
New Construction Yes
Others
Tax ID 20E19S210020 02240 0240
Acceptable Financing Cash, Conventional, FHA, Private Financing Available, VA Loan
Listing Terms Cash, Conventional, FHA, Private Financing Available, VA Loan
"People Before Property"
Assisting buyers and sellers in achieving their goals is literally what I love to do!
frank.whibley@roundtablerealty.com
1637 Race Track Rd suite 100, Johns, Florida, 32259