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Rebecca Slaughter

rebecca@northfloridalifestyle.com +1(352) 221-1080

Listed by Krystal Wynans Hatcher Realty Services, Inc. Trenton

$ 225,000

Est. payment -/mo

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Price Dropped by $30K

317 7th St Chiefland, FL 32625

4 Beds

2 Baths

1,300 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,300 sqft

Price per Sqft $173

Subdivision Usher'S Add

MLS Listing ID 799513

Style Traditional

Bedrooms 4

Annual Tax Amount $2,732

Tax Year 2732

Lot Size 7,405 Sqft

Lot Dimensions 7405.2

Property Sub-Type Multi Family

Property Description

Don't miss this excellent income-producing duplex situated on a 0.17-acre lot. The property offers 1,300 total square feet under roof, with two 2-bedroom, 1-bath units, each offering approximately 650 square feet of comfortable living space. Both units are currently tenant occupied, generating $900 per month per side for a total monthly rental income of $1,800. The current leases extend through February 2027 and March 2027, providing immediate, stable rental income for the new owner. Upon lease expiration, there is potential to increase rental rates to better align with current market conditions, offering additional income potential. The property was remodeled in 2023 and includes new water heaters installed in 2023. Both units are equipped with central air conditioning systems that have been professionally serviced annually, providing added value and peace of mind. Each unit also features outdoor washer and dryer hookups for added tenant convenience. Whether you're looking to expand your investment portfolio or planning for the future, this property offers flexibility. Continue operating it as a full investment property, or once a lease expires, live in one unit while renting the other to help offset your mortgage and living expenses. Property Highlights: Duplex with two 2-bedroom, 1-bath units 1,300 total square feet under roof (approximately 650 sq. ft. per unit) Current gross monthly rental income of $1,800 Currently tenant occupied Leases in place through February 2027 and March 2027 Potential for future rental increases after current leases expire Remodeled in 2023 New water heaters (2023) Central A/C systems serviced annually City water Septic system Outdoor washer/dryer hookups Situated on a 0.17-acre lot This turnkey duplex offers immediate cash flow, future rental upside, and the flexibility to serve as either a long-term investment or a future owner-occupied property. Please give 24 hour notice for showings as units are occupied. Owners are licensed real estate agents.

Location

State FL

Interior

Interior Features Ceiling Fan(s)

Heating Electric

Cooling Electric

Flooring Tile

Fireplaces Type None

Fireplace No

Window Features Single Hung Windows,Blinds

Appliance Electric Range, Electric Water Heater

Laundry W/D Hookups

Exterior

Exterior Feature None

Parking Features Open, Limerock

Garage Spaces 2.0

Fence None

Pool None

Utilities Available Cable Available, Fiber Optic, Internet

Roof Type Metal

Garage No

Building

Lot Description Rectangular Lot, Native Plants, Partially Landscaped

Sewer Septic Tank

Water Metered

Architectural Style Traditional

Schools

Elementary Schools Levy

Middle Schools Levy

High Schools Levy

Others

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://tour.usamls.net/317-SW-7th-St-Chiefland-FL-32625/unbranded

Rebecca Slaughter

Agent

+1(352) 221-1080

Rebecca Slaughter

317 7th St Chiefland, FL 32625

Key Details

Location

Interior

Exterior

Building

Schools

Others

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317 7th St