Active

$2,450,000

Features:
  • 32 Bedrooms
  • 19 Bathrooms
  • 2448 sq ft
Overview
  • ID: MFRTB8336412
  • Bedrooms: 32
  • Bathrooms: 19
  • Size: 2448 sq ft
Property Details
Remarks
SELLER FINANCING AVAILABLE. This property is part of a portfolio of 19 units to be sold as a package. North Oak 19-Unit Portfolio, is a multifamily investment opportunity spread across three properties in Polk County, Florida. The North Oak portfolio includes: Northside Apartments (Lake Wales, FL): Built in 1964, this eight-unit property consists of four concrete block duplexes with pitched shingle roofs. Each unit features a 2-bedroom, 1-bathroom configuration. The property has been fully renovated in the past two years, with both electricity and water sub-metered, allowing tenants to pay for their own utilities. Trash services are included in the property taxes, keeping operational costs low. The roofs are in good condition, contributing to the property's low-maintenance appeal. Oakcrest Apartments (Winter Haven, FL): Constructed in 1984, this eight-unit property comprises two fourplex buildings. The unit mix includes two 2-bedroom, 1-bathroom units and six 1-bedroom, 1-bathroom units, all built with a wood-frame construction and featuring pitched shingle roofs. The electricity is sub-metered, with tenants responsible for their electric bills, while water is provided by the city and paid for by the landlord. The property uses a septic tank system, also maintained by the landlord. Haven Apartments (Winter Haven, FL): Built in 1974, this three-unit property offers all 2-bedroom, 1-bathroom units constructed from concrete block with pitched shingle roofs. Both water and electricity are sub-metered, and the property benefits from a central AC system. Sewer and water services are provided by the city. With a total of 19 units, a mix of both 1-bedroom and 2-bedroom apartments, and well-maintained utility systems, the North Oak portfolio represents a stable, high-potential opportunity for multifamily investors looking to capitalize on the rental demand in Polk County’s growing markets.
Financial Considerations
Price:
$2,450,000
HOA Fee:
N/A
Tax Amount:
$6204.84
Price per SqFt:
$1000.82
Tax Legal Description:
NORTHSIDE HEIGHTS PB 36 PG 48 BLK A LOT 19
Exterior Features
Lot Size:
10655
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
32
Bathrooms:
19
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi-Family
Style:
N/A
Year Built:
1964
Construction Type:
Concrete, Wood Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Lighting
Additional Features 2:
N/A
Map
  • Address
    116 E NORTHSIDE DR
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