19 W Eagle Avenue, Eagle Lake, FL 33839
- $959,000
- 4,134
- SqFt
- List Price
- $959,000
- Status
- Active
- Days on Market
- 331
- Price Change
- ▼ $31,000 1782921575
- MLS#
- TB8424613
- Property Style
- Mixed Use
- Year Built
- 1932
- Living Area
- 4,134
- Lot Size
- 13,586
- Acres
- 0.31
- Total Acreage
- 1/4 to less than 1/2
- Complex/Comm Name
- Locale At Eagle Ave
- MLS Area Major
- Eagle Lake
Property Description
** Prime Investment Opportunity – 8 Units + Portfolio Option ** Introducing a fully renovated 8-unit income-producing property with a 7.5% CAP located on a large corner lot in Eagle Lake. The property consists of 8 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 an additional single-family home on 1/3 acre, totaling 9 units across 2 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 $85,000 NOI at a 7.5 cap rate for 8 units - due for 2026 rent increases for an extra $6,000 NOI. Other properties included in the optional portfolio: 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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Additional Information
- Taxes Annual
- $6513
- Location
- Corner Lot
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- LAND
- Floor
- Luxury Vinyl
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Utilities
- BB/HS Internet Capable
- Air Conditioning
- Mini-Split Unit(s)
- Exterior Construction
- Frame
- Roof
- Shingle
- Foundation
- Crawlspace
- Pool
- No Pool
- Garage Features
- Parking Spaces - 6 to 12
- Flood Zone Code
- X
- Parcel ID
- 26-29-07-679000-044030
- Legal Description
- EAGLE LAKE PB 1 PG 12 TIER 4 BLK 4 LOT 3 S 50 FT & 4 LESS R/W FOR SR 555
Listing courtesy of COMPASS FLORIDA LLC. (305) 851-2820
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