6213 CANDLER TERRACE at

6213 CANDLER TERRACE

For sale Days on market 2

$499,900

$132/sq ft

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Overview

Bedroom

Bath

Year Built

1983

Sqft

3792

Property Type

Condominium

Property Description

Under contract-accepting backup offers. INVESTOR ALERT – PRICED FOR FAST SALE AT AN 8% PROFORMA CAP RATE! Rare opportunity to acquire an impeccably maintained, 100% occupied 4-Plex in the rapidly growing Spring Lake/Sebring market near the golf course, Sebring International Raceway, and Sebring Regional Airport. This high-demand rental location continues to benefit from migration from Florida’s coastal cities as buyers and renters seek the affordable lifestyle, natural beauty, spring-fed lakes, and quiet country living of the Lake Wales Ridge area. All four spacious 2BR/2BA units offer approximately 949 SF and remain consistently rented below current market rates, creating immediate built-in upside for investors. Current rents range from $1,100-$1,150/month with strong long-term tenants already in place. Simple rent adjustments of only $100 per unit could significantly increase NOI and future valuation potential while still remaining competitive in today’s market. Property has been exceptionally maintained with a New roof installed 2018, all 4 units have new HVAC & Waters heaters. Turnkey condition allows investors to cash flow immediately while implementing value-add improvements over time. Additional upside opportunities include: • Light cosmetic upgrades such as granite countertops and interior enhancements to push rents even higher • Potential future condo conversion opportunity with firewall-ready layout offering substantial resale upside • Strong long-term appreciation potential as Sebring growth accelerates around the Raceway, airport expansion, and recreational development • Excellent depreciation benefits and wealth-building hold strategy over the next 5-7 years Projected value-add scenarios could create substantial equity growth through improved rents, appreciation, and potential condo sellout strategy. Whether you are seeking immediate income, long-term appreciation, or future redevelopment upside, this property checks every box. Opportunities like this at an attractive cap rate are becoming increasingly difficult to find in Central Florida. Don’t miss your chance to secure a stabilized multifamily asset with major upside potential in one of Florida’s hidden growth markets! All buyer's must sign CA for financials and before any showing MUST provide a bilaterally signed purchase agreement on acceptable price and terms PRIOR to any Showings along with prequalification(s)/Proof of Funds.

Property Details

MLS#

L4961924

Total Floor in Bldg

Address

6213 CANDLER

City

Sebring

State/county

Zip/Postal Code

33876

Area

Spring Lake Sec 01

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$5,133

Maint Fee

$--

Tax Year

2025

Convection Oven

Dishwasher

Electric Water Heater

Refrigerator

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