342 NE Anderson Terrace, Lake City, FL 32055

Charming Single-Story Bungalow in Downtown Lake City – A Great Investment Opportunity Nestled on a peaceful, single access paved road in the heart of Downtown Lake City, this beautifully renovated single-story bungalow offers 1,449 sq. ft. of heated living space (1,584 sq. ft. total). Originally built in the 1950s, this home has been thoughtfully updated with new flooring, windows, and modern finishes throughout, while still retaining its charming character. The spacious open floor plan maximizes living space and offers plenty of storage options, making it both practical and comfortable. Whether you're seeking a home for yourself or an investment opportunity, this property is a standout. Currently a successful Airbnb and Vrbo property, it generates consistent rental income, making it an excellent option for investors looking to expand their portfolios. Additionally, the home features an unfinished apartment at the rear—perfect for renovation to further increase short-term rental potential. This property offers the best of both worlds: close proximity to downtown amenities, while providing a quiet retreat from the hustle and bustle. Whether you're looking for a turn-key investment or a cozy full-time residence, this bungalow is ready to meet your needs. Don’t miss out on this rare opportunity! Contact Agent today to schedule your showing.