19 W EAGLE AVE new Save Request In-Person Tour Request Virtual Tour
Eagle Lake,FL 33839
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,134 sqft
Price per Sqft $282
MLS Listing ID TB8424613
Construction Status Completed
HOA Y/N No
Year Built 1932
Annual Tax Amount $6,513
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Mixed Use
Source Stellar MLS
Property Description
** 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 three additional single-family homes, totaling 11 units across 4 parcels.
With rents in Eagle Lake increasing over 300 p ercent in the last decade and the current average rent hovering around $2,000, this property presents a rare chance to secure a total $100,000 NOI at a 6.25 cap rate for 11 units. Other properties included in the optional portfolio: 52nd N 4th St (adjacent to subject property), 650 N 8th St, and 652 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.
Location
State FL
County Polk
Area 33839 - Eagle Lake
Zoning LAND
Interior
Cooling Ductless
Flooring Luxury Vinyl
Appliance Dishwasher,Dryer,Microwave,Refrigerator,Washer
Exterior
Parking Features Parking Spaces - 6 to 12
Utilities Available BB/HS Internet Capable
Roof Type Shingle
Building
Lot Description Corner Lot
Entry Level One
Foundation Crawlspace
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Construction Status Completed
Others
Ownership Other
Acceptable Financing Cash,Other,Special Funding
Listing Terms Cash,Other,Special Funding
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8424613