38 Unit Multi-Family Garden Style Apartment Complex

904 South Florida Avenue, Avon Park, Florida

$2,400,000

Details

Price : $2,400,000
Year Built : 1981
Status : Available
Property Type : Retail

Investment Highlights

Description

• 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

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