About 19 W Eagle Avenue
** 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 three additional single-family homes, totaling 11 units across 4 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 6.25 cap rate for 11 units. Other properties included in the optional portfolio: 52nd N 4th St (adjacent to subject property), 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.
Features of 19 W Eagle Avenue
| MLS® # | TB8424613 |
|---|---|
| Price | $1,166,000 |
| Square Footage | 4,134 |
| Acres | 0.31 |
| Year Built | 1932 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Listing Details
| Office | COMPASS FLORIDA LLC |
|---|
Listing Map
Neighborhood Information for 19 W Eagle Avenue
Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Future Scholars Christian Academy Private - Preschool to 12Th Grade |
0 Miles | |
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Lake Region High School Public - 9Th Grade to 12Th Grade - Closest High School |
0 Miles | |
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Pinewood Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
|
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Eagle Lake Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
Lake Shipp Elementary School Public - Kindergarten to 5Th Grade |
1 Miles | |
|
|
John Snively Elementary Public - Preschool to 5Th Grade |
2 Miles | |
|
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Wahneta Elementary School Public - Preschool to 5Th Grade |
3 Miles |
School data provided by GreatSchools