5507 RIDDLE, HOLIDAY, FL 34690

Description

Presenting a unique opportunity to own a versatile property located at 5507 Riddle Road, Holiday, FL 34690. This expansive 2,406 sq ft residence, situated on a generous 0.15-acre corner lot, offers flexible living arrangements ideal for multi-generational families or investors seeking rental income potential. Property Overview: Total Living Area: 2,406 sq ft Bedrooms: 6 Bathrooms: 2 Lot Size: 0.15 acres Year Built: 1975 Zoning: 00R4 Annual Property Tax (2024): $4,978.85 Unit Details: Unit A (5507): 4 bedrooms, 1 bathroom, currently vacant with a screened front porch. Unit B (5509): 2 bedrooms, 1 bathroom, currently rented at $1,100/month on a month-to-month lease, with a projected market rent of $1,550/month. Investment Highlights: Rental Income Potential: Live in the front unit and rent the back unit for additional income. Tenant-Paid Utilities: Tenants are responsible for all utilities, reducing landlord expenses. Market Rent Upside: Opportunity to increase rental income in Unit B to align with current market rates. Location Benefits: Convenient Access: Easy access to major highways, shopping centers, and dining establishments. Community Amenities: Located in a desirable neighborhood with access to local schools and parks. Let me know if you need further assistance or additional details.