19 W Eagle Ave | Eagle Lake, FL 33839
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19 W Eagle Ave
Eagle Lake, FL 33839
SELLER FINANCING! THE EAGLE LAKE APARTMENTS! · Multifamily Property For Sale
·
11 Units
INVESTMENT HIGHLIGHTS
- 11-UNIT MULTIFAMILY PORTFOLIO CONSISTING OF AN 8-UNIT APARTMENT BUILDING AND 3 SINGLE-FAMILY HOMES.
- AMAZING SELLER FINANCING AVAILABLE! APPROX TERMS: 30% DOWN, 6.0% FIXED IR, INTEREST-ONLY PAYMENTS, 5-YEAR BALLOON.
- 100% OCCUPIED, AND ALL UNITS HAVE UNDERGONE SIGNIFICANT RENOVATIONS!
- LOCATED IN THE HEART OF EAGLE LAKE, FL! SEVERLY UNDER-MARKET RENTAL RATES IN PLACE GIVE THE BUYER A MASSIVE UPSIDE!
- 12% CASH-ON-CASH RETURN IN-PLACE 9% CAP RATE AND 16% CASH-ON-CASH RETURN IN 2025! 9.2% CAP RATE AND 18% CASH-ON-CASH RETRUN IN 2026!
- THE UNITS ARE CURRENTLY $250 PER MONTH BELOW THE CURRENT MARKET AVERAGE.
PROPERTY FACTS
| No. Units | 11 | Building Size | 7,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1957/2024 |
| Building Class | B | Parking Ratio | 3.87/1,000 SF |
| Lot Size | 0.31 AC | ||
| Zoning | MF - MF/SFH | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 7,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1957/2024 |
| Parking Ratio | 3.87/1,000 SF |
| Zoning | MF - MF/SFH |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Stainless Steel Appliances
- Range
- Views
- Wi-Fi
- Yard
- Dining Room
- Family Room
- Instant Hot Water
- Lawn
- Linen Closet
- Patio
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Tenant Controlled HVAC
- Wheelchair Accessible
- Smoke Free
- Trash Pickup - Curbside
- Vintage Building
- Wi-Fi
- Storage Space
- Public Transportation
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $54,798 | |
| Land Assessment | $15,117 | Total Assessment | $327,328 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$15,117
Improvements Assessment
$54,798
Total Assessment
$327,328
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