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3845 k-ville avenue
Auburndale, FL 33823
Multifamily Property For Sale
·
8 Units
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.
Property Facts
| Price Per Unit | $153,125 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.45% | Lot Size | 0.55 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,352 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1947/2022 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| 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 | - |
Property Taxes
| Parcel Number | 25-28-18-346500-000240 | Improvements Assessment | $244,219 |
| Land Assessment | $21,446 | Total Assessment | $265,665 |
Property Taxes
Parcel Number
25-28-18-346500-000240
Land Assessment
$21,446
Improvements Assessment
$244,219
Total Assessment
$265,665
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