730 W Central Ave
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730 W Central Ave
10 Unit Apartment Building $1,200,000 ($120,000/Unit) 7.50% Cap Rate Winter Haven, FL 33880
Investment Highlights
- 100% Leased | Excellent Location
- Classic Design w/ Modern Effective Age
- Upside thru Future Development & Rent Increases
Executive Summary
Downtown Oaks Apartments | 10-Unit Apartment complex near Lakefront in Winter Haven, FL. Classic Design, w/ Stained Wood Floors, French Doors to the Bedrooms & Skylight on the Second Floor. Significant Updates Completed in 2022, Including Rewiring of Main Building & New Electric Panels in Most of the Units. Property is professionally managed and 100% leased. Unit mix includes (9) one-bedroom units and (1) two-bedroom unit.
Cost Analysis Performed as Rental Property
In:
Rent - $125,040.00
Out:
(Annual) Property Taxes - $12,063.00
(Annual) Estimated Insurance - $6,877.00
(Annual) Property Management (Optional) - $6,252.00
(Annual) Estimated Utilities/Lawn/Repair/Misc. -$9,900.00
Total Costs - $35,092.00
Net: $89,948.00
Earn:
Total yearly net equates to - $89,948.00
Total monthly gross equates to - $10,420.00
Cost Analysis Performed as Rental Property
In:
Rent - $125,040.00
Out:
(Annual) Property Taxes - $12,063.00
(Annual) Estimated Insurance - $6,877.00
(Annual) Property Management (Optional) - $6,252.00
(Annual) Estimated Utilities/Lawn/Repair/Misc. -$9,900.00
Total Costs - $35,092.00
Net: $89,948.00
Earn:
Total yearly net equates to - $89,948.00
Total monthly gross equates to - $10,420.00
Property Facts
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $120,000 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 8,232 SF |
| Cap Rate | 7.50% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,200,000 |
| Price Per Unit | $120,000 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 8,232 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2024 |
| Opportunity Zone |
Yes |
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PROPERTY TAXES
| Parcel Number | 26-28-29-632000-004060 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $565,842 |
PROPERTY TAXES
Parcel Number
26-28-29-632000-004060
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$565,842
zoning
| Zoning Code | RP, County (Residential Multi-Family) |
| RP, County (Residential Multi-Family) |
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730 W Central Ave
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