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1221 Lake Dr, Cantonment, FL 32533

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For Sale

$175,000

4 beds • 2 baths • 1,404 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $124.64
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This income-producing brick duplex in Cantonment, FL sits on nearly half an acre and brings in $1,995 per month in rental income. Each side features 2 bedrooms, 1 full bathroom, a spacious living area, a functional kitchen, a utility room, and a large covered back patio. The property backs up to trees, providing excellent privacy for tenants. Both units are currently tenant-occupied. Unit #37 (left side) rents for $1,050 per month on a lease through September 30, 2025. Unit #38 (right side) rents for $945 per month on a lease through December 31,2025. Water, sewer, and sanitation are paid by the seller and average approximately $175 per month. The roof was replaced in 2019, and the entire property was rewired with a permit in 2018. Recent updates include three new window A/C units for Unit #37 and a new A/C unit for the master bedroom of Unit #38, all installed in 2023. One of the water heaters was replaced in 2024. Please do not disturb the tenants. With steady income already in place and room to build additional value over time, this property offers a strong long-term investment opportunity. Additional photos and details are available upon request.
MLS# 668562

Courtesy Of Florida Investment Group LLC dba Keller Williams Realty Gulf Coast

(850) 471-5000

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other

Map and Directions

Directions to 1221 Lake Dr, Cantonment, FL 32533

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Copyright © 2025 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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