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3845 k-ville avenue 8 Unit Apartment Building $1,225,000 ($153,125/Unit) 6.45% Cap Rate Auburndale, FL 33823
INVESTMENT HIGHLIGHTS
- High demand rental area due to location and access to I-4 cooridor.
- Fully leased.
- Recently upgraded units.
EXECUTIVE SUMMARY
This rare rental property, in a high demand area, located just outside of Lakeland with an Auburndale address, offers an excellent opportunity for investors seeking immediate cash flow. The property includes a 3-bedroom, 2-bath single-family home currently rented at $2,000 per month, six 1-bedroom apartments generating between $1,000 and $1,200 each per month, and a detached workshop rented at $950 per month, bringing the total estimated gross monthly rental income to approximately $9,500. The single-family home is separately metered for electricity, while the apartments share one electric meter. All units are on well and septic. Conveniently situated near the Polk Parkway and I-4, this property combines high income potential with a prime location ideal for tenants and long-term value for investors.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,225,000 | Apartment Style | Low-Rise |
| Price Per Unit | $153,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 6.45% | Building Size | 4,352 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1947/2022 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | Commercial | ||
| Price | $1,225,000 |
| Price Per Unit | $153,125 |
| Sale Type | Investment |
| Cap Rate | 6.45% |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 4,352 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1947/2022 |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,100 | - |
| 3+2 | 1 | $2,000 | - |
| Studios | 1 | $950.00 | - |
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3845 k-ville avenue
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