Active

$1,166,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 4134 sq ft
Overview
  • ID: MFRTB8424613
  • Bedrooms:
  • Bathrooms: 0
  • Size: 4134 sq ft
Property Details
Remarks
** Prime Investment Opportunity – 8 Units + Portfolio Option ** Introducing a fully renovated 8-unit income-producing property located on a large corner lot in Eagle Lake. The property consists of 7 apartment units and 1 detached single-family home, offering versatile rental options for steady cash flow. Built with a combination of concrete block and wood frame, this property underwent a complete renovation with a NEW roof in 2022, all new electrical, all new plumbing (CPVC & PEX), luxury vinyl plank (LVP) flooring, new appliances, countertops, tankless 30-gallon water heaters, and fresh interior/exterior paint. Every system and finish has been modernized to minimize maintenance and maximize return. This property has a proven rental history, leasing quickly due to its quality updates and prime location. Investors will also appreciate the opportunity to purchase it as part of a larger portfolio consisting of three additional single-family homes, totaling 11 units across 4 parcels. With rents in Eagle Lake increasing over 300 p ercent in the last decade and the current average rent hovering around $2,000, this property presents a rare chance to secure a total $100,000 NOI at a 6.25 cap rate for 11 units. Other properties included in the optional portfolio: 52nd N 4th St (adjacent to subject property), 650 N 8th St, and 652 N Jackson St. Don’t miss this exceptional opportunity to expand or establish your rental portfolio in one of Central Florida’s fastest-growing rental markets.
Financial Considerations
Price:
$1,166,000
HOA Fee:
N/A
Tax Amount:
$6513
Price per SqFt:
$255.03
Tax Legal Description:
EAGLE LAKE PB 1 PG 12 TIER 4 BLK 4 LOT 3 S 50 FT & 4 LESS R/W FOR SR 555
Exterior Features
Lot Size:
13586
Lot Features:
Corner Lot
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 6 to 12
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Ductless
Appliances:
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Furnished:
No
Floor:
Luxury Vinyl
Levels:
One
Additional Features
Property Sub Type:
Mixed Use
Style:
N/A
Year Built:
1932
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
Southwest
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    19 W EAGLE AVE
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