3011 Ernest Dr - Apartments FOR SALE


Auburndale, FL 33823
$780,000 USD
941-202-2432
3011 Ernest Dr, Auburndale, FL for Sale
$780,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

3011 Ernest Dr
Auburndale, FL 33823


HIGHLIGHTS

  • Six Unit Multi-Family Complex | 3 Buildings on a 0.40 Acre Lot | 100% Occupied
  • All Two Bed, Two Bath Units with 5 Units Recently Renovated
  • Strategically located just off U.S. Route 92 and only 1.5 miles from the US-92/FL-570 Interchange,
  • Offering outstanding visibility and convenience for residents, customers, or future development opportunities.
  • 0.5 Miles From Walmart Supercenter in a Dense Retail Hub Near Multiple Other National Tenants Such as Lowe's, ALDI, Publix Chili's, McDonald's, & More

OVERVIEW

This fully occupied six-unit multifamily complex provides an exceptional investment opportunity in Auburndale’s expanding corridor. The property consists of three duplex buildings totaling over 5,200 square feet set on 0.40 acres. Each unit features a two-bedroom, two-bathroom layout with updated interiors, tenant-controlled HVAC, and fenced private yards. Recent capital improvements include new roofs and interior updates in most units, reducing near-term maintenance and preserving long-term value. Fully leased to long-term tenants, the property currently generates approximately $6,600 in monthly rental revenue, ensuring immediate and predictable cash flow. Strategically situated less than two miles from the US-92/FL-570 interchange, the site offers convenient access to major transportation routes connecting Orlando, Tampa, and Lakeland. The surrounding area features a dense retail hub anchored by Walmart, Lowe’s, Publix, and national dining chains, supporting strong tenant retention and rental demand. With its strong location fundamentals, modernized units, and proven revenue stream, this asset offers investors stable operations and upside in a high-growth Central Florida market.

FOR SALE DETAILS

PRICE

$780,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

6

PRICE/UNIT

$130,000

CAP RATE

Request Cap Rate

% 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

1979

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

CG

APN/PARCEL ID

25-28-09-321340-002160

ASK ABOUT THIS PROPERTY

Sam PergersonColdwell Banker Commercial RealtyMore Info
941-202-2432

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

Sam PergersonColdwell Banker Commercial RealtyMore Info
941-202-2432

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