$959,000 - 19 W Eagle Avenue, EAGLE LAKE
- -
- Bedrooms
- -
- Baths
- 4,134
- SQ. Feet
- 0.31
- Acres
** 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.
Essential Information
-
- MLS® #:
- TB8424613
-
- Price:
- $959,000
-
- Square Footage:
- 4,134
-
- Acres:
- 0.31
-
- Year Built:
- 1932
-
- Type:
- Commercial Sale
-
- Sub-Type:
- Mixed Use
-
- Status:
- Active
Community Information
-
- Address:
- 19 W Eagle Avenue
-
- Area:
- Eagle Lake
-
- City:
- EAGLE LAKE
-
- County:
- Polk
-
- State:
- FL
-
- Zip Code:
- 33839
Amenities
-
- Parking:
- 6 to 12 Spaces
Interior
-
- Appliances:
- Dishwasher, Dryer, Microwave, Refrigerator, Washer
-
- Cooling:
- Mini-Split Unit(s)
Exterior
-
- Lot Description:
- Corner Lot
-
- Roof:
- Shingle
-
- Foundation:
- Crawlspace
Additional Information
-
- Days on Market:
- 348
-
- Zoning:
- LAND
Listing Details
- Listing Office:
- Compass Florida Llc