19 Eagle Avenue, EAGLE LAKE, FL 33839
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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

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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 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.
Property Location and Similar Properties
Features
Appliances
- Dishwasher
- Dryer
- Microwave
- Refrigerator
- Washer
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- Mini-Split Unit(s)
Country
- US
Covered Spaces
- 0.00
Flooring
- Luxury Vinyl
Garage Spaces
- 0.00
Insurance Expense
- 0.00
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
Living Area
- 4134.00
Lot Features
- Corner Lot
Area Major
- 33839 - Eagle Lake
Net Operating Income
- 100000.00
Occupant Type
- Tenant
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Parcel Number
- 26-29-07-679000-044030
Parking Features
- Parking Spaces - 6 to 12
Property Condition
- Completed
Property Type
- Commercial Sale
Road Frontage Type
- City Street
Roof
- Shingle
Sewer
- Public Sewer
Tax Year
- 2024
Township
- 29
Utilities
- BB/HS Internet Capable
Views
- 123
Virtual Tour Url
- https://www.propertypanorama.com/instaview/stellar/TB8424613
Water Source
- Public
Year Built
- 1932
Zoning Code
- LAND


























