2091 CR 439A, Lake Panasoffkee, FL 33538
ATTENTION LANDLORDS AND BARGAIN HUNTERS!! Take advantage of this great opportunity to own an income producing property for less than most people spend on their cars! Currently rented month to month for $450 month and offering a 12% capitalization rate. Lots of potential to increase cap rate by reinvesting/ remodeling the home. Less than 1/2 mile to beautiful Lake Panasoffkee, a renowned fishing destination.
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Competition is low in 33538, with homes selling 8% below asking price over the last three months. Three years ago, they were selling 3% below asking price.
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