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19 Eagle Avenue, EAGLE LAKE, FL 33839
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19 Eagle Avenue
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  • MLS#: TB8424613 ( Commercial Sale )
  • Street Address: 19 Eagle Avenue
  • Viewed: 123
  • Price: $1,095,000
  • Price sqft: $240
  • Waterfront: No
  • Year Built: 1932
  • Bldg sqft: 4572
  • Days On Market: 127
  • 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 two additional single family homes, totaling 10 units across 3 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 6.6 cap rate for 8 units. Other properties included in the optional portfolio: 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
Appliances
  1. Dishwasher
  2. Dryer
  3. Microwave
  4. Refrigerator
  5. Washer
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Mini-Split Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Flooring
  1. Luxury Vinyl
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. EAGLE LAKE PB 1 PG 12 TIER 4 BLK 4 LOT 3 S 50 FT & 4 LESS R/W FOR SR 555
Levels
  1. One
Living Area
  1. 4134.00
Lot Features
  1. Corner Lot
Area Major
  1. 33839 - Eagle Lake
Net Operating Income
  1. 100000.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 26-29-07-679000-044030
Parking Features
  1. Parking Spaces - 6 to 12
Property Condition
  1. Completed
Property Type
  1. Commercial Sale
Road Frontage Type
  1. City Street
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 29
Utilities
  1. BB/HS Internet Capable
Views
  1. 123
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/TB8424613
Water Source
  1. Public
Year Built
  1. 1932
Zoning Code
  1. LAND
  1. Tropic Shores Realty
  2. http://homebloks.com - Blockchaiun technology for Real estate professionals.
  3. 352.684.7371
  4. tropicshoresrealty@gmail.com