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3011 ERNEST DRIVE

Multi-family For Sale
$780,000

BTC: 12.18750000

ETH: 433.33333333

13 days
12 bds
5,236 sqft

Overview

Exceptional opportunity to acquire a fully occupied six-unit multifamily investment consisting of 3 duplex buildings situated on approximately 0.40 acres in a high-demand growth corridor just off US-92. The property features all 2-bedroom, 2-bathroom units with newly updated interiors and new roofs, offering investors a turnkey asset with strong rental appeal and reduced near-term capital expenses. The property is fully occupied with long-term leased tenants in place, providing immediate and stable cash flow. Currently generating $6,600/month in rental income. Efficient operations with separately metered utilities, allowing tenants to pay all utilities directly and helping minimize landlord expenses. Each unit also features its own fully fenced private yard along with washer and dryer hookups, adding convenience, privacy, and increased tenant appeal. Strategically located only 1.5 miles from the US-92/FL-570 interchange with exposure to over 57,300 combined vehicles/ day, the property is surrounded by major national retailers and dining destinations including Walmart Supercenter, Lowe’s, ALDI, Publix, Chili’s, McDonald’s, and more. With 3 duplex buildings, recent capital improvements, updated interiors, long-term tenants, and a prime location in an expanding retail and residential corridor, this property presents an outstanding investment opportunity for buyers seeking stable income, low-maintenance ownership, and long-term appreciation potential.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1979
Lot:
0.40 Acres
Heating:
Electric
Price/sqft:
$149
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$9,911
2025
All facts and features
  • Heating

    • Electric

    Cooling

    • Central Air

    Other interior features

    • Kitchen/Family Room Combo

    • Living Room/Dining Room Combo

    • Primary Bedroom Main Floor

    • Thermostat

    Bedrooms and bathrooms

    • Bedrooms: 12

  • Property

    • Exterior Features: Fenced

    Lot

    • Lot: 0.40 Acres

    Other Property Information

    • Parcel Number: 252809321340002160

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $9,912

  • Source details

    • MLS ID: A4694414

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: Electric Dryer Hookup / Outside / Washer Hookup

    • Living Area: 5236

    • Water Source: Public

    • Lot Size Dimensions: 177 x 100

    • Subdivision Name: TROPICAL ACRES

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: FLOTACAL