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206 Pilaklakaha Ave 21 Unit Apartment Building $1,190,000 ($56,667/Unit) Auburndale, FL 33823

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INVESTMENT HIGHLIGHTS

  • Property is very walkable and within .5 mile to three schools.

EXECUTIVE SUMMARY

A premier mixed-use investment opportunity at 206 PK Arianna Apts, a substantial 21,236 SF multifamily and commercial property located in the heart of Auburndale, FL—a city poised for sustained economic and population growth.
This two-story asset features 17 residential units on the upper floor and 4 commercial storefronts on the ground level, all at various stages of renovation after years of non-use, offering an ideal value-add scenario for investors with vision.
Strategically situated with excellent access to major highways including US-92 and the Polk Parkway, the property benefits from its proximity to key amenities such as schools, public parks, local businesses, and downtown Auburndale. The location supports both strong residential demand and retail viability, making it a unique dual-stream income property.
As Auburndale continues to attract new development and infrastructure improvements, this property offers significant upside potential through renovation, lease-up, and long-term appreciation. Whether you’re seeking to reposition a mixed-use asset or expand your multifamily portfolio in one of Central Florida’s fastest-growing submarkets, this is an opportunity you don’t want to miss.
Secure your place in a thriving market—206 PK Arianna Apts stands ready to deliver both immediate value and long-term returns.

PROPERTY FACTS

Price $1,190,000
Price Per Unit $56,667
Sale Type Investment
No. Units 21
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.58 AC
Building Size 21,236 SF
No. Stories 3
Year Built/Renovated 1925/2025
Opportunity Zone Yes
Zoning R 10 and CDB - The R-10 designation \refers to residential zoning with specific density and development standards and Central Business District promotes downtown.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 16 - -
2+1 1 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
25-28-11-331500-005010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$824,536
  • Listing ID: 37981331

  • Date on Market: 3/7/2025

  • Last Updated:

  • Address: 206 Pilaklakaha Ave, Auburndale, FL 33823

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