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Under contract-accepting backup offers. <LAST PRICE REDUCTION> INVESTOR SPECIAL in one of Homestead's fastest-growing neighborhoods! This is an outstanding opportunity for investors, flippers, or savvy buyers looking to capitalize on a highly versatile property with incredible upside. Currently configured into three separate living spaces and occupied by the owner and two tenants, this unique property offers multiple strategies—from a value-add renovation and resale to a long-term cash-flowing investment. Situated on a generously sized, fully fenced lot, the property offers excellent curb appeal with a spacious front lawn, mature landscaping, abundant parking, and a welcoming covered front porch. The oversized lot provides ample space for boats, trailers, work vehicles, or future improvements, making it as functional as it is versatile. The main residence features a practical floor plan with an eat-in kitchen, spacious bedrooms, multiple full bathrooms, and durable terrazzo flooring throughout much of the home. While cosmetic updates are recommended, the home's solid layout presents an outstanding opportunity to add value. A second living area includes its own kitchenette, multiple bedrooms, and a full bathroom, while the left wing of the property features a private studio-style suite with its own exterior entrance and full bathroom. Together, these spaces create exceptional flexibility for multi-generational living or maximizing rental income. The outdoor layout is equally impressive. The main residence enjoys its own private fenced backyard complete with a storage shed, while the second living area and studio share a separate fenced backyard, creating additional privacy for each living space. Whether you're looking to generate multiple income streams or accommodate extended family, the layout offers endless possibilities. Major improvements include a 5-year-old roof, 2-year-old A/C system, and plumbing and electrical reported to be in good working order. The seller currently occupies the studio-style wing, while the remaining two tenants are on verbal month-to-month leases paying $650 and $850 per month with no security deposits. The property is serviced by a single electric meter and a single water meter. The property does have unpermitted additions, open code violations, and liens, and is being sold strictly AS-IS. Buyer is responsible for verifying all permitting, zoning, code compliance, violations, liens, and intended use. No HOA and no rental restrictions provide tremendous flexibility for investors. Motivated seller. No assignable contracts. Opportunities with this much potential are becoming increasingly difficult to find in Homestead—don't miss your chance to unlock the value this unique property has to offer.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Liz Jones Group
Provided By
Listed by Ronald Ryder (#MFR279669042)
Listing Office: RICHARD PETERS REALTY LLC (#MFR261597099)
Provided By (Buyer)
Buyer's Agent: Ronald Ryder (#MFR279669042)
Buyer's Office: RICHARD PETERS REALTY LLC (#MFR261597099)
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