713 SW LAUREL Lane, Lake City, FL 32025

$315,000 Asking Price

4 beds
2 baths
1,752  sqft
Built in 1963

Rare investment opportunity awaits in Lake City, Florida! This income-producing duplex is a savvy investor's dream, boasting a total of 4 bedrooms & 2 bathrooms. Each side of this well-maintained property features 2 bedrooms & 1 full bath, offering the potential for dual rental income. Nestled on a generous 12,500 sf corner lot adorned with a lush canopy of trees, this all-brick exterior duplex exudes timeless appeal. The spacious lot also accommodates 2 covered carports with adjoining outdoor storage, providing convenience & functionality. Upon entering, original hardwood oak flooring sets a classic tone, complemented by updated kitchens that blend modern convenience with enduring charm. One side features custom built-in shelving, adding a touch of individuality to the space. Strategically positioned for an investor's advantage, this duplex offers the potential to reside in one unit while leasing out the other for passive income. Both sides include interior laundry rooms, enhancing the overall appeal & practicality of the property. With a total square footage of 1,752, this property presents an exceptional opportunity to capitalize on Lake City's rental market. Fantastic city location with all city utilities. Just moments from historic downtown shopping, dining, and entertainment. Easy access to Hwy 90, additional restaurants, and a bustling mall. Don't miss out on the chance to own this income-generating gem. Take advantage of this rare investment opportunity and schedule a showing today!

Features & Amenities

Interior

General:
Eat-in Kitchen
Appliances:
Convection Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Refrigerator
Flooring:
Tile, Vinyl, Wood
A/C:
true, Central Air
Heating:
true, Central

Exterior

Style:
Multi Generational, Other
Pool:
None
Parking:
Attached Carport, Carport

Construction

Roofing:
Shingle
General:
1

Location

Originating MLS:
realMLS (Northeast Florida Multiple Listing Service)
County:
Columbia

Lot

Zoning:
W DIV: LOTS 5,6 BLK 11 MCFARLANE PK S/D & PORTION OF CLSD ALLEY DESC IN QC 1364-1241. DC 1294-2280, PB 1296-2762PR 1301, 00000012592000
Current Use:
Investment, Multi-Family, Residential

Utilities

Utilities:
Cable Available, Electricity Available, Sewer Available, Water Available
Water:
Public
Sewer:
Public Sewer

Financial

Source:
realMLS (Northeast Florida Multiple Listing Service)
Listing Agent Compensation:
2.5 %
Buyers Agent Compensation:
2.5
NA Compensation:
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in reciprocal agreements.

This listing courtesy of:
COMPASS FLORIDA LLC, JACI WARD

About Lake City, FL

Housing

Number of Units
24,049
Median Home Value
$138,096
Median Rent
$675

31.14% of housing units are renter occupied.

9.81% are vacant.

Commute

Car
88.67%
Public Transportation
0.04%
Walk to Work
0.69%
Work from Home
9.11%
Other
0.71%

The median travel time to work is 24 minutes.

People

Population
58,100
Median Age
41.00
Median Household Size
2.59

Education

High School
36.70%
Associate’s Degree
8.02%
Bachelor’s Degree
11.04%
Graduate Degree
4.71%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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