1642 Athens St

Description

High-Potential Investor Special – Short Sale Pending Lender Approval! Spacious 4-bed, 2-bath home with 3,700+ sq ft under roof on 0.41 acres in Lakeland. Perfect for assisted living, sober living, transitional housing, or multi-tenant rentals. Sold as-is with updates needed, such as kitchen remodeling, in which the owner will give a credit to the buyer through an insurance check received by the owner. Despite the needed repairs, this home has already undergone extensive upgrades that add tremendous long-term value. Recent improvements include 18 new windows (2023), luxury vinyl plank flooring (2023), fresh interior and exterior paint (2023), and a new septic tank and drain field (2023). The home is highly energy-efficient with 28 paid-off solar panels, a solar water heater, a solar attic fan, and a Generac home generator with a 250-gallon propane tank capable of powering the property for up to one week. Additional features include a metal roof (2015), a home water softener and filtration system, and a UV light air purification system. Flexible zoning, no HOA, multiple living areas, sunroom, 2 garages, and an oversized shed. Prime location near highways, hospitals, and shopping. Strong cash flow and upside potential! According to the owner, the home generated $30,000 monthly while operating as a sober living facility. Buyers can apply for an FHA 203(k) loan to finance the renovations. Military veterans have the option to inquire about a VA Renovation Loan as well.