THE EAGLE LAKE APARTMENTS FOR SALE!

For Sale

19 W Eagle Ave, Eagle Lake, FL 33839

This Eagle Lake property for sale is located at 19 W Eagle Ave. The current listed sale price for THE EAGLE LAKE APARTMENTS FOR SALE! is $1,490,000. THE EAGLE LAKE APARTMENTS FOR SALE! is situated on a lot that is 0.74 acre in size.

Contacts

broker

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
Located in Downtown Eagle Lake, Fl! Minutes from the center of Winter Haven!

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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

  • 50/100

    Walk Score ®

  • 45/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Eagle Lake, FL
  • Neighborhood Eagle Lake
  • Zip Code 33839
  • Market Tampa St Petersburg Clearwater

Points of Interest

  • Winter Haven

    2.07 miles

  • Auburndale Historic Train Depot

    6.33 miles

  • RaceTrac

    1.55 miles

  • Murphy USA

    2.78 miles

  • Marathon

    3.10 miles

  • 7-Eleven

    3.50 miles

  • Sunoco

    4.04 miles

  • Shell

    4.35 miles

  • Pilot

    4.86 miles

  • Shell

    4.95 miles

  • Marathon

    5.13 miles

  • Self-Serve Fuel Farm

    5.61 miles

  • Legoland Parking Lot

    4.14 miles

  • Polk Parking Garage

    7.74 miles

  • Blue Lot

    7.85 miles

  • Holiday Inn Winter Haven

    2.49 miles

  • Legoland Hotel

    4.03 miles

  • Courtyard Winter Haven

    4.43 miles

  • Travelodge by Wyndham Winter Haven

    4.85 miles

  • Holiday Inn Express & Suites Bartow

    7.20 miles

  • Holiday Inn Express Lake Wales N-Winter Haven

    8.30 miles

  • Hampton Inn & Suites

    8.80 miles

  • Miss addison

    9.33 miles

  • Robert lamothe

    9.34 miles

  • Publix

    2.19 miles

  • Harveys

    2.47 miles

  • Save-A-Lot

    2.50 miles

  • Big Lots

    2.59 miles

  • Village Square Shopping Center

    2.62 miles

  • ALDI

    2.75 miles

  • Colonial Promenade

    2.78 miles

  • Walmart Supercenter

    2.85 miles

  • Bealls

    2.91 miles

  • 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

broker

David Rosenthal

Grimaldi Commercial Realty Corp.

(813) 882-0884