This unique property offers a tremendous investment opportunity. The main unit is a 3 bedroom, 2 bathroom townhome, and the lockout/front unit has 1 bedroom, 1 bathroom, living space, and kitchenette (sink, cabinets, countertop, mini fridge). The HOA allows the lockout to be rented separately from the main unit, creating two opportunities to collect rent in one purchase (similar to a duplex). Most lockout units are small, with either one bedroom or one great room, but this unit offers a true separate bedroom space. This could also be an opportunity for a buyer to live in half of the property and rent the other half to offset a mortgage payment. The unit can be divided as is or can be used as a whole 4 bedroom 3 bathroom unit. Both AC units (main and lockout) were replaced and the unit features STAINLESS STEEL KITCHEN APPLIANCES. The main unit has IN-UNIT WASHER AND DRYER. The floors are laminate, tile, and vinyl, only carpet on the stairs. There is a low HOA of $150/month. The lockout unit is currently leased at $950/month. Conveniently located, this property is about 2 miles from the entrance to Hwy 192, less than 9 miles to Disney’s Animal Kingdom, less than 8 miles to Interstate 4, less than 6 miles from Margaritaville Resort, and about a 30 min drive to Universal Studios.
Sold for $286,500 on 10/13/23
$286,500
1028 Washington Palm Loop, Davenport, FL 33897
4beds
1,811sqft
Townhouse
Built in 2005
1,241 Square Feet Lot
$269,400 Zestimate®
$158/sqft
$1,598 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: October 17, 2023 at 05:59am
Listing Provided by:
Kristin Duncan 407-274-5911,
KELLER WILLIAMS ADVANTAGE REALTY 407-977-7600
Bought with:
Louisa Ghali, 3242120
GHALI REALTY, INC
Source: Stellar MLS,MLS#: O6138752
Originating MLS: Orlando Regional

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Features: En Suite Bathroom, Walk-In Closet(s)
- Level: Second
- Dimensions: 12x14
Bedroom 2
- Features: Built-in Closet
- Level: Second
Bedroom 3
- Features: Built-in Closet
- Level: Second
Bedroom 4
- Level: First
Primary bathroom
- Level: Second
Kitchen
- Level: First
- Dimensions: 8x12
Living room
- Level: First
- Dimensions: 12x16
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Laundry: Inside, Laundry Closet
Features
- Ceiling Fan(s), PrimaryBedroom Upstairs, Open Floorplan, Thermostat, Walk-In Closet(s)
- Flooring: Laminate, Tile
- Doors: Sliding Doors
- Windows: Blinds
- Has fireplace: No
Interior area
- Total structure area: 1,816
- Total interior livable area: 1,811 sqft
Property
Features
- Levels: Two
- Stories: 2
- Exterior features: Rain Gutters, Sidewalk
Lot
- Size: 1,241 sqft
- Features: In County, Level, Sidewalk
Details
- Parcel number: 262502485750000390
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Wood Frame
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 2005
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Community Mailbox, Deed Restrictions, Playground
Location
- Region: Davenport
- Subdivision: BIMINI BAY PH 01
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $150 monthly
- Amenities included: Playground
- Services included: Maintenance Structure, Maintenance Grounds, Trash
- Association name: Nancy Forian
- Association phone: 407-414-4115
Other fees
- Pet fee: $0 monthly
Other financial information
- Total actual rent: 11400
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Road surface type: Paved
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Estimated market value
$269,400