1046 SANDY POINT RD Babson Park, FL 33827

Want to live the lake life and make money, too?! Look no further than this duplex located on Sandy Point Canal leading to Crooked Lake, which is known for its clear water and sandy beaches. Each side of this duplex has a kitchen, living room, one bedroom and one bathroom, with one side being recently updated. Kayak or canoe out from the back yard and enjoy spring fed, sandy-bottom Crooked Lake! Crooked Lake was classified as an Outstanding Florida Water by the State in 1987. O.F.W.s include only 41 of Florida's 1,700 rivers, several lakes and lake chains, several estuaries areas and the Florida Keys. Crooked Lake is the ONLY O.F.W. in Polk County and is the perfect place for swimming, skiing, tubing, kayaking and, of course, FISHING! There are endless possibilities for this property. Long-term or short-term rental, Air BNB, or with Warner University and Webber International University being so close in proximity it would make great college dorms. Tenants already in place (month-to-month), total monthly rents are $1950 ($750 & $1,250). Gross Income $23,400. Annual Operating Expenses $4,869: Property Taxes $1,457, Insurance $1,012, Utilities not paid by tenants $2,400. Great investment with a CAP Rate of 8.83% New roof completed 3/4/2022. New mini-split A/C units in both. Both units share well and septic. Septic pumped 2.5 years ago.