This Multifamily Property is no longer advertised on LoopNet.com.
19 W Eagle Ave
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
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
3.14/1,000 SF
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 Number
26-29-07-679000-044030
Improvements Assessment
$0
Land Assessment
$0
Total Assessment
$212,738
