Active

475 Umatilla Boulevard

Umatilla, FL 32784

$1,900,000 $8,010/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

10,080

Sqft

0.53

Acre(Lot)

Description

Exceptional investment opportunity offering a strong 9.5% cap rate! This fully renovated multifamily property has undergone extensive upgrades, including updated electrical systems, newer HVAC units, and upgraded water heaters. Featuring a total of 16 units, the property consists of 4 two-bedroom/one-bath units, 11 one-bedroom/one-bath units, and 1 studio unit. Every unit has been remodeled on the interior and includes the convenience of in-unit laundry. The property offers ample on-site parking and is currently 100% occupied with long-term tenants, providing immediate and stable cash flow. Zoned and suitable for both short-term and long-term rental strategies, allowing future ownership flexibility. A truly turnkey asset with significant capital improvements already completed and minimal d eferred maintenance.

Property Details

Property Type : Residential Income

Price : $1,900,000

AD Id : 84815383

MLS Id : MFRS5151887

Lot Size : 0.53 Acre

Living Area Size : 10,080

Year Built : 1930

County : Lake

Subdivision: North Umatilla

Map

What's Nearby

Nearby Areas

Features

Interior Features

Other Roof: Other, Shake Laundry Features: Inside

Roofing Information

Other, Shake
Flooring Information

Construction Materials: Block
Heating & Cooling

Heating: Electric, Heat Pump Cooling: Central Air WaterSource: Public

Building Information

Year Built: 1930
Exterior Features

Sidewalk Construction Materials: Block Foundation Details: Other

Lot Information

Lot Dimensions: 200x100 Lot Description: City Limits, Level, Oversized Lot, Sidewalk, Paved Lot Square Feet: 23141 Lot Acres: 0.53 Lot Size (SqMt): 2150

Property Information

Property Type: Residential Income Sub Type: Quadruplex

Listing Price Information

Original List Price:$1900000

Tax Information

Tax Block: 024 Tax Book Number: 0008/0075 Tax Lot: 01800 Tax Legal Description: UMATILLA, NORTH UMATILLA LOTS 18 TO 24 INCL BLK 24 PB 6 PGS 35-37 ORB 2439 PG 1247 Annual Tax: $21242.22 Tax Year: 2025 Parcel Number: 12-18-26-0600-024-01800

Parking Information

None

Utility Information

Other Sewer: Public Sewer Water Source: Public
Location Information

Subdivision: NORTH UMATILLA City: UMATILLA Direction: Take 19 from Eustis into Umatilla at light 450 bear to the left on Umatilla apt building on left.

Sell a home like this and save $113,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
260 S Central Avenue, Umatilla, FL, 32784	$415,000	4	4	2,160	2,160 SqFt

Disclaimer: The information being provided courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the MFRMLS (My Florida Regional MLS DBA Stellar MLS). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of MFRMLS (My Florida Regional MLS DBA Stellar MLS). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

Based on information submitted to the MLS GRID as of 06/16/2026 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Properties displayed may be listed or sold by various participants in the MLS.
Click here for Consumer use of IDX Listings Disclaimer

Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 06/16/2026 @ 18:20. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Click here for DMCA Notice

DMCA Notice: The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
“The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

ByOwner last updated this listing 06/16/2026 @ 18:20

MLS: MFRMLS #S5151887 LISTED BY: Victor Avila, LPT REALTY, LLC 877-366-2213 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)