118 LAKE AVENUE SELARGO, FL 33771




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Enter an interest rate to see your estimated monthly payment.Back on the market because financing fell through. Duplex in excellent condition. Tenants in #A have been there for approximately 10 years. Tenant in #B was there for 28 years and has just bought a house. That unit is the 3 bedroom 1 bath and is now vacant. Tenant in #A unit was on a yearly lease which was up in Oct. #A is now on a month to month lease. Terrific tenants who would like to stay. Separate water meters, separate electric meters, separate water heaters, separate HVAC, separate washer & dryer hookups. Huge Lot approximately 70X203. Plenty of parking. Freshly painted one story block building with tile floors. 4 Point inspections were done April 24/2024 and are attached in the MLS. Please keep in mind that these are long term tenants and are on discounted rents The rents could easily be raised by $200/Month per unit to market rates or $400 total, for an additional $4800 per year. Pictures of #B were taken before the tenant moved out.
| 5 days ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Price changed to $399,000 | |
| 2 weeks ago | Status changed to Active | |
| 6 months ago | Listing first seen on site |
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Last checked: 2026-10-11 12:16 AM EDT