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8 Beds
4 Baths

$579,000

1510 Melady Avenue, Sebring FL, 33870

Price per sqftN/A
Built in1980
Property typeCondominium

Overview

Active

Listed Oct 12, 2026

Updated 2 weeks ago

Investors, here's an opportunity that's hard to find! This offering includes two side-by-side duplexes totaling four rental units, all fully occupied and generating income from day one. With each 2-bedroom, 1-bathroom unit currently rented for $1,200 per month, the properties produce a combined $4,800 in monthly rental income and $57,600 in annual gross rental income, with an advertised cap rate of 8.4%. Whether you're looking to start your real estate investment journey or expand an established rental portfolio, this turnkey opportunity offers four income-producing doors in one convenient location. Acquiring both duplexes together provides the benefit of managing multiple rental units within the same immediate area. Each unit features a practical 2-bedroom, 1-bathroom layout designed for everyday functionality. Both properties are connected to city water and sewer, adding to their appeal as long-term rental investments. An additional storage shed located at 1510 Melady Avenue provides convenient space for the owner's maintenance supplies, tools, and property management essentials. Centrally located in Sebring, the properties offer convenient access to medical facilities, shopping, grocery stores, schools, dining, and other everyday amenities—an appealing advantage for tenants seeking accessibility and convenience. Sale includes both properties: 1510 Melady Ave, Sebring, FL 33870 and 4105 E Josephine St, Sebring, FL 33870. With four occupied units, established rental income, and an advertised 8.4% cap rate, this is a compelling opportunity to acquire a multi-unit investment package in the Sebring market. Opportunities to purchase two neighboring duplexes together are hard to come by. Expand your portfolio with four income-producing doors in one strategic purchase!

$3,852/mo

Est. mortgage payment based on a $579,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
328629

Interior Features

Bedrooms
8
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.49 Acres

Other Property Details

Taxes
$7,299
Tax Frequency
Annually