965 CR 439 Lake Panasoffkee, FL 33538

$995,000
965 CR 439, Lake Panasoffkee, FL 33538
A4173806

Multi-Family Home for sale in Lake Panasoffkee, FL

for $995,000. This home was built in 2004 on a lot size of 2.62 Acre(s).

Property Information

  • $995,000
  • Multi-Family
  • Taxes are $3,200
  • Active
  • Lot size of 2.62 Acre(s)
  • Built in 2004
  • Lake Panasoffkee, FL
  • Sumter County
  • MLS/Web ID is A4173806

Description

Live your dream and own one of the most breathtaking Marinas in the state of Florida. Retired or still working and looking for an Income. This is a very versatile Property with numerous options for great income and return on your investment. Easy 13+% Net Cap Rate just from the rental cottages, R/V lots, and boat slip rentals without even including the on site restaurant income potential that is up and running. If the owner operates the restaurant and bait shop shemselves the numbers go up 30-40%. Waterfront restaurant features indoor and outdoor seating for up to 75 persons that could be rented out. Open as a catch and cook along with a menu restaurant. Your guest would love to eat what they caught.The restaurant has become extra income and a great asset to the area. There is a very nice 3/2 unit for the owners to live in, or choose a smaller unit and rent the larger one out. There are 28 boat slips, or 56 half slips for the average bass boat. Great income also comes in from the 13 R/V lots on site. Start your own kayaking, canoeing, jet ski, paddle board or boat rental business or fishing tours. There are numerous ways to double your income possibilities.

Interior 2

Cooling System

  • Central Air
  • Zoned

Heating System

  • Central Heat
  • Electric

Exterior 11

Community Amenities

  • Boat Ramp
  • Boat Slip
  • Dock
  • Fishing Area

Construction

  • Block
  • Other
  • Wood Frame

Exterior

  • Covered Patio/Porch
  • Deck
  • Dock:Slip Available
  • Outdoor Grill
  • Patio
  • Porch
  • Screened Patio/Porch

Garage

  • None

Land Improvements

  • Sidewalks

Lot Description

  • Cul de Sac
  • Trees: Oak

Parking

  • Driveway
  • RV/Boat Parking

Road Frontage

  • Dead End Street
  • Paved

Roof

  • Shingle Roof

Waterfront Description

  • Access
  • Lake
  • Seawall
  • Waterfront Property

Zoning

  • County

Miscellaneous 3

Other

  • Water Access

Utilities

  • Electric
  • TV-Cable

View

  • Lake View
  • Water View

† Excluded Feature

Listed By

Broker: ALL FLORIDA REALTY & AUCTION C

965 CR 439, Lake Panasoffkee, FL, 33538 is a Multi-Family Home for sale at $995,000 with a lot size of 2.62 Acre(s). 965 CR 439 has 0.0 baths and was built in 2004. The property's zip code is 33538 which is in Lake Panasoffkee, FL

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Market Pricing

Average % of sale price Median % of sale price
All listings in Lake Panasoffkee $326,222 67 % below $167,950 83 % below
Multi-family listings in Lake Panasoffkee $665,000 33 % below $665,000 33 % below

Get the facts about Lake Panasoffkee, FL!

Population 3,415
Population Growth (since 2000) 2 %
Median Income $33,312
Median Age 50.82
Households w/ Children 14 %

Residential Dwellings

  • Owned 1230
  • Vacant 463
  • Rented 315

Similar Listings

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or Call us at 1-800-839-1363