19 W Eagle Ave - Apartments FOR SALE


Eagle Lake, FL 33839
$959,000 USD
727-771-5660
19 W Eagle Ave, Eagle Lake, FL for Sale
$959,000 USD
Apartments - FOR SALE
1/25
null | 7.53% Cap Rate

19 W Eagle Ave
Eagle Lake, FL 33839


HIGHLIGHTS

  • Fully renovated apartments with 100% occupancy / quick turnover

OVERVIEW

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 an additional single-family home located on 1/3 of an acre just minutes from this apartment complex, totaling 9 units across 2 parcels. With rents in Eagle Lake increasing over 300 percent in the last decade and the current average rent hovering around $2,000, this property including the SFH located on 1/3 acre presents a rare chance to secure a total $85,000 NOI at a 7.6 cap rate for 9 units. Other properties included in the optional portfolio:65 2 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.

FOR SALE DETAILS

PRICE

$959,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

8

PRICE/UNIT

$119,875

CAP RATE

7.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

MF

APN/PARCEL ID

26-29-06-000000-042380,26-29-07-678500-006150,26-29-07-679000-044022,26-29-07-679000-044030

ASK ABOUT THIS PROPERTY

Katie PattersonCompass Florida, LLC - Miami BeachMore Info
727-771-5660

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Katie PattersonCompass Florida, LLC - Miami BeachMore Info
727-771-5660

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.