Eagle Lake, FL 33839,19 W EAGLE AVE
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Eagle Lake, FL 33839,19 W EAGLE AVE
Eagle Lake, FL 33839,19 W EAGLE AVE
Eagle Lake, FL 33839,19 W EAGLE AVE
Eagle Lake, FL 33839,19 W EAGLE AVE
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19 W EAGLE AVE Eagle Lake, FL 33839

4,134 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,134 sqft

Price per Sqft $264

MLS Listing ID TB8424613

Construction Status Completed

HOA Y/N No

Year Built 1932

Annual Tax Amount $6,513

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Mixed Use

Source Stellar MLS

Property Description

** Prime Investment Opportunity – 8 Units + Portfolio Option ** Introducing a fully renovated 8-unit income-producing property located on a large corner lot in Eagle Lake. The property consists of 7 apartment units and 1 detached single-family home, offering versatile rental options for steady cash flow. Built with a combination of concrete block and wood frame, this property underwent a complete renovation with a NEW roof in 2022, all new electrical, all new plumbing (CPVC & PEX), luxury vinyl plank (LVP) flooring, new appliances, countertops, tankless 30-gallon water heaters, and fresh interior/exterior paint. Every system and finish has been modernized to minimize maintenance and maximize return. This property has a proven rental history, leasing quickly due to its quality updates and prime location. Investors will also appreciate the opportunity to purchase it as part of a larger portfolio consisting of two additional single-family homes, totaling 10 units across 3 parcels.
With rents in Eagle Lake increasing over 300 p ercent in the last decade and the current average rent hovering around $2,000, this property presents a rare chance to secure a total $100,000 NOI at a 6.6 cap rate for 8 units. Other properties included in the optional portfolio: 650 N 8th St and 652 N Jackson St. Don't miss this exceptional opportunity to expand or establish your rental portfolio in one of Central Florida's fastest-growing rental markets.

Location

State FL

County Polk

Area 33839 - Eagle Lake

Zoning LAND

Interior

Cooling Mini-Split Unit(s)

Flooring Luxury Vinyl

Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer

Exterior

Parking Features Parking Spaces - 6 to 12

Utilities Available BB/HS Internet Capable

Roof Type Shingle

Building

Lot Description Corner Lot

Entry Level One

Foundation Crawlspace

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Frame

New Construction false

Construction Status Completed

Others

Ownership Other

Acceptable Financing Cash, Other, Special Funding

Listing Terms Cash, Other, Special Funding

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8424613


Stellar MLS
Listed by Katie Patterson COMPASS FLORIDA LLC

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Denise Beserock

Real Estate Agent | License ID: SL3455036

+1(321) 947-5120 | denise@winningfloridahomes.com

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19 W EAGLE AVE