1102 Melton Avenue, Lakeland, FL 33803

Description

BACK ON THE MARKET home appraised at 605,000. An AMAZING investment opportunity set up and ready! This gorgeous 3 bedroom, 2 bathroom, 1920’s Spanish-style home boasts refinished original hardwood floors, updated kitchen & appliances, with granite countertops, new roof, wood-burning fireplace, restored original windows and a detached studio apartment above the garage that is fully furnished and an active AirBnb. The studio apartment is approximately 500 square feet and comes with full kitchen and bathroom. The 6-month-old AirBnb running in the studio apartment has a perfect 5-star rating and profits $2,200/month. We are willing to sell it with the apartment fully furnished if the new owners are interested in keeping it rented on AirBnb and leveraging the current AirBnb photos and listing. Additionally, if AirBnb isn’t your style, we have a medical resident who is contracted outside of AirBnb to rent the apartment from mid-May through mid-August, paying $2,200 per month. So you can have peace of mind with guaranteed rental income for the first 3 months. Additionally, we have received numerous applications and have multiple candidates ready to rent the main house at $2,300/month with a year lease, or furnish the home to rent as an AirBnb for twice that amount per month. Whether you are looking for a pure investment or a home call your own with a detached apartment investment to help with your mortgage payments, you have options to make this yours and start or continue your home investment portfolio. As if that wasn’t enough, you can see Lake Hollingsworth from the front porch.