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Multi Family - for Sale

19 W EAGLE, EAGLE LAKE, FL 33839

Asking Price$1,166,000

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  • Days on market:

    62 day(s)
  • Original Price:

    $1,166,000
  • Price per sqft:

    $282.05
  • Tax Legal Description:

    EAGLE LAKE PB 1 PG 12 TIER 4 BLK 4 LOT 3 S 50 FT & 4 LESS R/W FOR SR 555
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Parking:

    6 to 12 Spaces
  • Construction Type:

    Wood Frame
  • Roof:

    Shingle
  • Cooling Description:

    Mini-Split Unit(s)
  • Floor Description:

    Luxury Vinyl
  • Equipment/Appliances:

    DishwasherMicrowaveRefrigeratorDryerWasher
  • Special Listing Conditions:

    None
  • Lot Features:

    Corner Lot

Description

$1,166,000 • living size area 4134 sqft

** 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. don’t miss this exceptional opportunity to expand or establish your rental portfolio in one of central florida’s fastest-growing rental markets.
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