38 UNIT MULTI FAMILY GARDEN STYLE APARTMENT COMPLEX 8% CAP!
904 South Florida Avenue, AVON PARK, Florida

  • $2,400,000
  • Status: Active
  • Property ID: 139537
  • Status : Active
  • Transaction Type : For Sale
  • Type :
  • Location : AVON PARK
  • Community :
  • Lot Area: 5 acres
  • Property ID : 139537
  • Price : $2,400,000
  • Floor Area : 27,901 sq ft
  • Year Built : 1981

Details on 38 UNIT MULTI FAMILY GARDEN STYLE APARTMENT COMPLEX 8% CAP!

• Completely renovated garden-style apartment in Avon Park, Florida

• 38 units consisting of:

• 1 bedrooms: 12

• 2 Bedrooms: 14

• 3 Bedrooms: 8

• 4 Bedrooms: 4

• Gross SF: 27,901

• Lot Size: 4.8 acres

• Shared laundry facility that provides additional Income

• Current wait list for remaining units

• Estimated NOI $193,075

 

• Exterior Renovations:

• Exterior paint 

• Landscaping of various palm trees, colorful flowers, oak    trees, and others (irrigation system installed) 

• New parking lot 


• Interior Renovations: 

• Tile and vinyl flooring 

• New kitchen cabinets and countertops 

• New appliances 

• New bathroom tile and vanities 

• New individual HVAC units 


Location Overview- Avon Park

• Located in between the downtown district and Lake Verona

• Downtown Avon Park

• “The mile long mall”

• The Depot Museum

• Plenty of restaurants and shops

• Lake Verona

• 41 acre lake

• Surrounded by Donaldson Park

• Home to South Florida State College

• 16,000 students

• 4 miles north of Sebring, Fl

Map on 38 UNIT MULTI FAMILY GARDEN STYLE APARTMENT COMPLEX 8% CAP!

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$2,400,000
Price
27,901
Floor Area sq ft
1981
Year Built
139537
Property ID
Lorrie Garbarz
Real Estate Agent
Work Phone: 561-684-9116
Mobile Phone: 248-943-3331

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