137 & 139 Lake Rachard Dr, Lake Placid, FL 33852
Buy two separate 2-bedroom, 1-bath villas side by side for $240,000 total—just $120,000 per villa.
This opportunity works two ways:
Perfect for a House Hacker
One villa is already rented for $1,200 per month. Move into the vacant villa and let that rental income help offset your mortgage, taxes, and insurance. Instead of paying your full housing payment out of pocket, you own two properties while one helps carry the other.
Then, when you are ready to move, rent the second villa and turn the property into a long-term cash-flow investment.
Strong Long-Term Rental Investment
For an investor, lease the vacant villa for approximately $1,250 per month and bring projected total rent to $2,450 per month, or $29,400 per year.
You are purchasing two separate parcels, not just two units under one roof. That gives you greater flexibility long term while creating income from two individual villas.
Highlights
- Price: $240,000 total
- Two separate villa parcels
- 2 bedrooms | 1 bathroom | approximately 784 sq. ft. each
- 137 currently rented: $1,200/month
- 139 vacant; projected rent: $1,250/month
- Projected stabilized rent: $2,450/month
- Estimated ARV: $160,000–$180,000 per villa
- Estimated rehab: Approximately $1,000
- Not in a flood zone
- Already professionally managed
- Current property taxes: $3,075/year total
- Estimated landlord insurance: $3,000/year total
This is a simple way to get started with a house hack today while building a rental asset for tomorrow—or to purchase a low-rehab, professionally managed property with long-term income potential from day one.
Contact Graystone Investment Group for more information or to submit an offer.
Great for a House Hack
Live in the vacant villa while the leased villa brings in $1,200 per month to help offset your housing cost. When you are ready, rent both villas and keep the property as a cash-flow investment.
Great for an Investor
Lease the vacant unit and own two separate parcels with projected combined rent of approximately $2,450 per month. With low projected rehab and professional management already in place, this is a simple opportunity to add income-producing real estate to your portfolio.
Book an Expert
New investor? Start with Jorge.
Jorge Vazquez – CEO & Investment Strategist at Graystone. Let’s make your portfolio stronger, steadier, and more profitable.
Deals? Book with Cody.
Meet Cody Bergstrom, Your Expert in Finding Deals Let’s find an off-market deal that actually works for you.
Need financing? Book with Lisa.
Meet Lisa Kaye Price, the LendingGig Top ML Let’s figure out the smartest way to fund your next deal.
Looking for PM? Book with Jay
Jay Michalec – COO & Property Management Expert at Graystone. Let’s make your rentals easier, calmer, and more profitable.
