The Ranch at Loughman Oaks | 238-246 Center St
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The Ranch at Loughman Oaks 238-246 Center St
6 Unit Apartment Building $799,999 ($133,333/Unit) Davenport, FL 33896
Executive Summary
Attention Investors: Come and check out this highly profitable 6-unit apartment building, generating approximately $83,000 in annual revenue at a discounted rate. Each unit features 2 bedrooms and 1 bathroom, with tile or wood flooring. Close to Disney and situated on 1.83 acres, the property includes commercial land at the back zoned for an additional 6-plex, offering significant development potential. Amenities include an on-site laundry room and parking for over 12 vehicles. Low operating expenses are achieved through a self-contained water well, and there is no HOA.
Property Facts
| Price | $799,999 | Apartment Style | Low Rise |
| Price Per Unit | $133,333 | Building Class | B |
| Sale Type | Investment | Lot Size | 2.00 AC |
| Sale Conditions | High Vacancy Property | Building Size | 4,248 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2007 |
| Property Subtype | Apartment | Parking Ratio | 2.82/1,000 SF |
| Price | $799,999 |
| Price Per Unit | $133,333 |
| Sale Type | Investment |
| Sale Conditions | High Vacancy Property |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 4,248 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2007 |
| Parking Ratio | 2.82/1,000 SF |
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
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zoning
| Zoning Code | RC (Residential Commercial) |
| RC (Residential Commercial) |
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Stephanie Harribey -
Jennifer Wheeler -
IAD Florida
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The Ranch at Loughman Oaks | 238-246 Center St
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