19 Eagle Avenue, EAGLE LAKE, FL 33839
Property Photos

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Priced at Only: $1,166,000
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Address: 19 Eagle Avenue, EAGLE LAKE, FL 33839
Property Location and Similar Properties
- 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
- DMCA Notice
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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
Nearby Subdivisions

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