- For Sale $1,450,000
- Property Type Multi-Family
- Property Size 7,000 SF
- Units 11
- Lot Size 0.74 Acre
- Additional Rent Contact for pricing
- Parking Spaces Avail. 25
- Property Tenancy Multi-Tenant
- Year Built 1957
- Year Renovated 2024
- Date Updated Jun 11, 2024
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Attachments
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!
- AMAZING SELLER FINANCING IN PLACE!
- APPROXIMATE TERMS: 30% DOWN, 6.0% FIXED IR, INTEREST-ONLY PAYMENTS, 5-YEAR BALLOON!
- 12% CASH-ON-CASH RETURN IN PLACE!
- 9% CAP RATE AND 16% CASH-ON-CASH RETURN IN 2025!
- 9.2% CAP RATE AND 18% CASH-ON-CASH RETURN IN 2026!
- 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!
- THE ROOFS WERE REPLACED IN THE PAST 6 YEARS!
False
Contacts
Location
Getting Around
-
Walk Score ®
50/100
Somewhat Walkable
-
Bike Score ®
45/100
Somewhat Bikeable
- City Eagle Lake, FL
- Neighborhood Eagle Lake
- Zip Code 33839
- Market Tampa St Petersburg Clearwater
Points of Interest
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Winter Haven
2.07 miles
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Auburndale Historic Train Depot
6.33 miles
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RaceTrac
1.55 miles
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Murphy USA
2.78 miles
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Marathon
3.10 miles
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7-Eleven
3.50 miles
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Sunoco
4.04 miles
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Shell
4.35 miles
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Pilot
4.90 miles
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Shell
4.95 miles
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Marathon
5.13 miles
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Self-Serve Fuel Farm
5.61 miles
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Legoland Parking Lot
4.14 miles
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Polk Parking Garage
7.74 miles
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Blue Lot
7.85 miles
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Holiday Inn Winter Haven
2.49 miles
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Legoland Hotel
4.03 miles
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Courtyard Winter Haven
4.43 miles
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Travelodge by Wyndham Winter Haven
4.85 miles
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Holiday Inn Express & Suites Bartow
7.20 miles
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Holiday Inn Express Lake Wales N-Winter Haven
8.30 miles
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Hampton Inn & Suites
8.80 miles
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Miss addison
9.33 miles
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Robert lamothe
9.34 miles
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Eagle Lake Family Diner
0.13 miles
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Taco Bell
2.34 miles
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Salem's Gyros and More
2.37 miles
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Burger King
2.38 miles
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Arby's
2.39 miles
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Applebee's
2.42 miles
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Panera Bread
2.44 miles
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Chick-fil-A
2.46 miles
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Dunkin'
2.48 miles
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Boston Market
2.52 miles
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Eagle Lake Elementary School
0.21 miles
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Lake Region High School
0.54 miles
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Eagle Lake Elementary School
0.63 miles
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Pinewood Elementary School
0.97 miles
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Lake Shipp Elementary School
1.34 miles
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John Snively Elementary School
1.55 miles
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South Winter Haven School
2.29 miles
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Wahneta Elementary School
2.78 miles
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Winter Haven Senior High School
3.39 miles
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All Saints Academy
3.39 miles
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Baby Care Center
4.10 miles
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Children Of The King Learning Center
4.60 miles
Frequently Asked Questions
How much does 12% CASH-ON-CASH RETURN IN-PLACE! THE EAGLE LAKE APARTMENTS FOR SALE! (SELLER FINANCING) cost?
The space currently listed for sale at 12% CASH-ON-CASH RETURN IN-PLACE! THE EAGLE LAKE APARTMENTS FOR SALE! (SELLER FINANCING) asks for $1,450,000.
What is the total square footage of 12% CASH-ON-CASH RETURN IN-PLACE! THE EAGLE LAKE APARTMENTS FOR SALE! (SELLER FINANCING)?
12% CASH-ON-CASH RETURN IN-PLACE! THE EAGLE LAKE APARTMENTS FOR SALE! (SELLER FINANCING) totals 7,000 square feet.
When was this property built?
12% CASH-ON-CASH RETURN IN-PLACE! THE EAGLE LAKE APARTMENTS FOR SALE! (SELLER FINANCING) was built in 1957.
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Contact Listing Broker
David Rosenthal
Grimaldi Commercial Realty Corp.
