About 5518 Billings Street
Hard to find turnkey duplex investment opportunity in the heart of Lehigh Acres. This well-constructed property boasts two separate 3 bed, 2.5 bath, with 1,640 sqft each, offering ample space for multiple tenants. Currently occupied by a mix of month-to-month and one-year lease tenants. Live in one & rent the other, or continue to rent both for excellent chance to increase your cash flow. Nestled in the vibrant neighborhood of Centennial Park, the property enjoys proximity to desirable amenities. Lehigh Senior High School is just a short distance away, perfect for families with teenagers. Nature enthusiasts will appreciate the nearby Buckingham Community Park, providing a serene escape for outdoor recreation. The quality of construction ensures long-term value and minimal maintenance concerns. With its strategic location and robust rental income potential, this multi-family home is an ideal addition to any real estate portfolio. Don't miss the opportunity to enhance your investment strategy with this promising property in a growing community. Investor notes: Potential yearly gross rents for combined units: $52,800+. Roof 16 years old. No HOA/CDD. CC credits and buy down rate options available. Feel free to soft pitch purchase agreements to listing agent before writing anything up. Ask me anything, big or small. I’m happy to help. No assignable contracts accepted.
Features of 5518 Billings Street
| MLS® # | T3546876 |
|---|---|
| Price | $429,999 |
| Bedrooms | 6 |
| Bathrooms | 6.00 |
| Full Baths | 4 |
| Half Baths | 2 |
| Square Footage | 3,280 |
| Acres | 0.16 |
| Year Built | 2008 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
| Taxes | $2,540 |
| CDD | N |
Community Information
| Address | 5518 Billings Street |
|---|---|
| Area | Lehigh Acres |
| Subdivision | LEHIGH ACRES |
| City | LEHIGH ACRES |
| County | Lee |
| State | FL |
| Zip Code | 33971-6461 |
Amenities
| # of Garages | 2 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Other, Tray Ceiling(s), Walk-In Closet(s) |
|---|---|
| Appliances | Electric Water Heater |
| Heating | Electric |
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Exterior Features | Private Mailbox |
|---|---|
| Roof | Shingle |
| Foundation | Block |
Rental Restrictions
| Minimum Lease | 1 Month |
|---|
Additional Information
| Date Listed | August 7th, 2024 |
|---|---|
| Days on Market | 436 |
| Zoning | RM-2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RICHARD PETERS REALTY LLC |
|---|