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1505 N Orange St 2 Unit Apartment Building $624,000 ($312,000/Unit) 10.17% Cap Rate Plant City, FL 33563
Investment Highlights
- Three individually recognized residential homes offered in a single transaction.
- Delivered vacant, allowing immediate implementation of a new investment strategy.
- Flexible ownership opportunity for investors seeking rental, renovation, or long-term hold potential.
- Situated on two contiguous parcels under one folio.
- Numerous recent interior and exterior improvements completed throughout the property.
Executive Summary
Cash Flow Opportunity! Three Homes, One Purchase, Endless Potential.
This unique investment opportunity consists of three individually recognized single-family residences situated across two contiguous parcels in Plant City, Florida. Offered together under one folio, the property presents a rare chance to acquire multiple residential dwellings in a single transaction while maintaining flexibility for a variety of ownership and investment strategies.
The property has a proven history as an income-producing asset and will be delivered vacant at closing, allowing a new owner to establish rental rates, select tenants, implement renovations, or execute a customized investment plan from day one. Whether pursuing long-term rentals, a value-add strategy, or a portfolio expansion opportunity, the vacant delivery creates immediate operational flexibility.
The primary residence features three bedrooms and one bathroom with numerous recent improvements, including luxury vinyl flooring, fresh interior paint, updated lighting, painted cabinetry, an updated backsplash, bathroom enhancements, and improvements to the HVAC system and ductwork. The second residence is a one-bedroom, one-bath block home that has been updated with new flooring, kitchen cabinetry, countertops, fixtures, bathroom improvements, fresh paint, and a metal roof. The third residence offers two bedrooms, one bathroom, and a bonus room, with upgrades including vinyl siding, bathroom updates, painted cabinetry, a new water heater, and a renovated front porch.
Located in Plant City between Tampa and Lakeland, the property benefits from access to major transportation corridors, local employers, retail services, and community amenities that support ongoing residential demand. Opportunities to acquire three residential homes on contiguous parcels under common ownership are uncommon, making this a compelling offering for investors seeking flexibility, scale, and future income potential.
This unique investment opportunity consists of three individually recognized single-family residences situated across two contiguous parcels in Plant City, Florida. Offered together under one folio, the property presents a rare chance to acquire multiple residential dwellings in a single transaction while maintaining flexibility for a variety of ownership and investment strategies.
The property has a proven history as an income-producing asset and will be delivered vacant at closing, allowing a new owner to establish rental rates, select tenants, implement renovations, or execute a customized investment plan from day one. Whether pursuing long-term rentals, a value-add strategy, or a portfolio expansion opportunity, the vacant delivery creates immediate operational flexibility.
The primary residence features three bedrooms and one bathroom with numerous recent improvements, including luxury vinyl flooring, fresh interior paint, updated lighting, painted cabinetry, an updated backsplash, bathroom enhancements, and improvements to the HVAC system and ductwork. The second residence is a one-bedroom, one-bath block home that has been updated with new flooring, kitchen cabinetry, countertops, fixtures, bathroom improvements, fresh paint, and a metal roof. The third residence offers two bedrooms, one bathroom, and a bonus room, with upgrades including vinyl siding, bathroom updates, painted cabinetry, a new water heater, and a renovated front porch.
Located in Plant City between Tampa and Lakeland, the property benefits from access to major transportation corridors, local employers, retail services, and community amenities that support ongoing residential demand. Opportunities to acquire three residential homes on contiguous parcels under common ownership are uncommon, making this a compelling offering for investors seeking flexibility, scale, and future income potential.
Property Facts
| Price | $624,000 | Apartment Style | Low-Rise |
| Price Per Unit | $312,000 | Building Class | C |
| Sale Type | Investment | Building Size | 2,600 SF |
| Cap Rate | 10.17% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1943 |
| Property Subtype | Apartment | ||
| Zoning | R-1 - R-1 Residential Zoning | ||
| Price | $624,000 |
| Price Per Unit | $312,000 |
| Sale Type | Investment |
| Cap Rate | 10.17% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 2,600 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1943 |
| Zoning | R-1 - R-1 Residential Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Public Transportation
- Walk-Up
- Smoke Detector
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | P-20-28-22-5B3-000007-00001.0 | Improvements Assessment | $73,577 |
| Land Assessment | $60,493 | Total Assessment | $134,070 |
Property Taxes
Parcel Number
P-20-28-22-5B3-000007-00001.0
Land Assessment
$60,493
Improvements Assessment
$73,577
Total Assessment
$134,070
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Contact the Sale Advisor
1505 N Orange St