19 Eagle Avenue, EAGLE LAKE, FL 33839
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  • MLS#: TB8424613 ( Commercial Sale )
  • Street Address: 19 Eagle Avenue
  • Viewed: 13
  • Price: $1,166,000
  • Price sqft: $255
  • Waterfront: No
  • Year Built: 1932
  • Bldg sqft: 4572
  • Days On Market: 28
  • Additional Information
  • Geolocation: 27.9792 / -81.7568
  • County: POLK
  • City: EAGLE LAKE
  • Zipcode: 33839
  • Provided by: COMPASS FLORIDA LLC
  • Contact: Katie Patterson
  • 305-851-2820
  • mfrmls
  • DMCA Notice
  • 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. Dont miss this exceptional opportunity to expand or establish your rental portfolio in one of Central Floridas fastest growing rental markets.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Luxury Vinyl
  • Living Area: 4134.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: Corner Lot
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Parking Spaces - 6 to 12
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Ductless
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Capable
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 100000.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Country: US
  • Legal Description: EAGLE LAKE PB 1 PG 12 TIER 4 BLK 4 LOT 3 S 50 FT & 4 LESS R/W FOR SR 555
  • Levels: One
  • Area Major: 33839 - Eagle Lake
  • Occupant Type: Tenant
  • Parcel Number: 26-29-07-679000-044030
  • Views: 13
  • Zoning Code: LAND