Contacts
David Rosenthal
Grimaldi Commercial Realty Corp.
(813) 882-0884
Property Details
- Property Type Multi-Family
- Property Size 7,000 SF
- Units 11
- Lot Size 0.74 Acre
- Parking Spaces Avail. 25
- Property Tenancy Multi-Tenant
- Year Built 1957
- Year Renovated 2024
- Date Updated Mar 29, 2024
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Highlights
- 11-UNIT MULTIFAMILY PORTFOLIO CONSISTING OF AN 8-UNIT APARTMENT BUILDING AND 3 SINGLE-FAMILY HOMES.
- LOCATED IN THE HEART OF EAGLE LAKE, FL! SEVERLY UNDER-MARKET RENTAL RATES IN PLACE GIVE THE BUYER A MASSIVE UPSIDE!
- THE UNITS ARE CURRENTLY $250 PER MONTH BELOW THE CURRENT MARKET AVERAGE.
- 100% OCCUPIED, AND ALL UNITS HAVE UNDERGONE SIGNIFICANT RENOVATIONS!
- 8.3% CAP RATE IN 2025!
- 10.5% CASH-ON-CASH RETURN IN 2025! 9% CAP RATE 2026!
- 11.4% CASH-ON-CASH RETURN IN 2026! 10% CAP RATE 2027!
- LONG-TERM TENANTS IN PLACE AT THE PROPERTY!
- THE ROOFS WERE REPLACED IN THE PAST 6 YEARS!
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Eagle Lake, FL
- Neighborhood Eagle Lake
- Zip Code 33839
- Market Tampa St Petersburg Clearwater
Points of Interest
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Winter Haven
2.07 miles
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Auburndale Historic Train Depot
6.33 miles
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RaceTrac
1.55 miles
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Murphy USA
2.78 miles
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Marathon
3.10 miles
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7-Eleven
3.50 miles
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Sunoco
4.04 miles
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Shell
4.35 miles
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Pilot
4.86 miles
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Shell
4.95 miles
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Marathon
5.13 miles
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Self-Serve Fuel Farm
5.61 miles
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Legoland Parking Lot
4.14 miles
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Polk Parking Garage
7.74 miles
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Blue Lot
7.85 miles
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Holiday Inn Winter Haven
2.49 miles
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Legoland Hotel
4.03 miles
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Courtyard Winter Haven
4.43 miles
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Travelodge by Wyndham Winter Haven
4.85 miles
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Holiday Inn Express & Suites Bartow
7.20 miles
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Holiday Inn Express Lake Wales N-Winter Haven
8.30 miles
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Hampton Inn & Suites
8.80 miles
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Miss addison
9.33 miles
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Robert lamothe
9.34 miles
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Publix
2.19 miles
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Harveys
2.47 miles
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Save-A-Lot
2.50 miles
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Big Lots
2.59 miles
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Village Square Shopping Center
2.62 miles
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ALDI
2.75 miles
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Colonial Promenade
2.78 miles
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Walmart Supercenter
2.85 miles
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Bealls
2.91 miles
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Southeast Plaza
2.91 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
David Rosenthal
Grimaldi Commercial Realty Corp.
(813) 882-0884