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1017 Caroline Avenue, Auburndale, FL

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1017 Caroline Avenue

Auburndale, FL 33823-2626 - Outlying Polk County MF Submarket

Property Type:Multi-Family Number of Units:6 Status:Existing Year Built:-
Stories:1 Building Size:4,752 SF Land Area:.53 AC (23,087 SF)
For Sale Price:$307,900 Price/Unit:$51,316.67 Cap Rate:8.80 % GRM:-

Parking:3.16 Parking Spaces / 1,000 SF

Sale Notes:
Caroline Apartments is a 6-unit apartment community located in Auburndale, Florida. This complex is comprised of three one-story duplexes that were built in 1981 with concrete block construction, a painted stucco finish, a red brick fascia, and a pitched shingle roof. All six units are two-bedroom/one-bathroom units with approximately 792 square feet of living space. The units feature central air, utility rooms, appliances, updated kitchens, and large floor plans.

Tenants are responsible for paying for their own water, garbage pick-up, electricity, and cable TV. The landlord is responsible for the common area electricity and the on-site garbage bin.

The roofs were last replaced in 2005 and two of the six A/C units have been replaced in the last year.
Auburndale is located in Polk County, Florida and has a population of over 12,000 and an average median household income of $34,184. The city is located 40 miles northeast of Tampa and 59 miles southwest of Orlando. Auburndale is located within the Central Florida Highlands area of the Atlantic coastal plain with a terrain consisting of flatland interspersed with gently rolling hills. Just north of town, is Interstate 4 which is the main interstate highway in Central Florida, leading westward to Lakeland and Tampa, and eastward to Orlando and Daytona Beach.

Florida Realty Investments
Christopher Minchin
(321) 747-3217

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