3845 k-ville avenue - Apartments FOR SALE


Auburndale, FL 33823
$1,225,000 USD
239-692-1097
3845 k-ville avenue, Auburndale, FL for Sale
$1,225,000 USD
Apartments - FOR SALE
1/24
null | 6.45% Cap Rate

3845 k-ville avenue
Auburndale, FL 33823


HIGHLIGHTS

  • High demand rental area due to location and access to I-4 cooridor.
  • Recently upgraded units.
  • Fully leased.

OVERVIEW

This rare rental property, in a high demand area, located just outside of Lakeland with an Auburndale address, offers an excellent opportunity for investors seeking immediate cash flow. The property includes a 3-bedroom, 2-bath single-family home currently rented at $2,000 per month, six 1-bedroom apartments generating between $1,000 and $1,200 each per month, and a detached workshop rented at $950 per month, bringing the total estimated gross monthly rental income to approximately $9,500. The single-family home is separately metered for electricity, while the apartments share one electric meter. All units are on well and septic. Conveniently situated near the Polk Parkway and I-4, this property combines high income potential with a prime location ideal for tenants and long-term value for investors.

FOR SALE DETAILS

PRICE

$1,225,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

8

PRICE/UNIT

$153,125

CAP RATE

6.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

Commercial

APN/PARCEL ID

25-28-18-346500-000240

ASK ABOUT THIS PROPERTY

Felipe ArcilaKova Commercial GroupMore Info
239-692-1097

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Felipe ArcilaKova Commercial GroupMore Info
239-692-1097

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