- For Sale $1,490,000
- Property Type Multi-Family
- Property Size 7,000 SF
- Units 11
- Lot Size 0.74 Acre
- Parking Spaces Avail. 25
- Property Tenancy Multi-Tenant
- Year Built 1957
- Year Renovated 2024
- Date Updated Mar 29, 2024
Located in Downtown Eagle Lake, Fl! Minutes from the center of Winter Haven!
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Highlights
- 11-UNIT MULTIFAMILY PORTFOLIO CONSISTING OF AN 8-UNIT APARTMENT BUILDING AND 3 SINGLE-FAMILY HOMES.
- LOCATED IN THE HEART OF EAGLE LAKE, FL! SEVERLY UNDER-MARKET RENTAL RATES IN PLACE GIVE THE BUYER A MASSIVE UPSIDE!
- THE UNITS ARE CURRENTLY $250 PER MONTH BELOW THE CURRENT MARKET AVERAGE.
- 100% OCCUPIED, AND ALL UNITS HAVE UNDERGONE SIGNIFICANT RENOVATIONS!
- 8.3% CAP RATE IN 2025!
- 10.5% CASH-ON-CASH RETURN IN 2025! 9% CAP RATE 2026!
- 11.4% CASH-ON-CASH RETURN IN 2026! 10% CAP RATE 2027!
- LONG-TERM TENANTS IN PLACE AT THE PROPERTY!
- THE ROOFS WERE REPLACED IN THE PAST 6 YEARS!
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Contacts
David Rosenthal
Grimaldi Commercial Realty Corp.
(813) 882-0884
Location
Getting Around
-
Walk Score ®
Somewhat Walkable (50) -
Bike Score ®
Somewhat Bikeable (45)
Powered by Walk Score ®
- City Eagle Lake, FL
- Neighborhood Eagle Lake
- Zip Code 33839
- Market Tampa St Petersburg Clearwater
Contact Listing Broker
David Rosenthal
Grimaldi Commercial Realty Corp.
(813) 882-0884