1222 Taylor St - Apartments FOR SALE


Auburndale, FL 33823
$2,400,000 USD
813-559-2015
1222 Taylor St, Auburndale, FL for Sale
$2,400,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1222 Taylor St
Auburndale, FL 33823


HIGHLIGHTS

  • 18-Units Between Two-Properties That are Located Less Than 0.2 Miles from Each Other
  • 1980’s Concrete Block Construction with 89% 2 Bedroom Floorplans
  • Monthly Rental Upside of $163+ When Compared to Comparable Properties around Auburndale
  • Laundry Facilities at Each Property Provide Additional Income Streams and Amenities to Tenants
  • Additional ~1/4 AC of Land (1225 Taylor St) Across from Taylor St Property Provides Potential to Build Additional Units
  • Ideally Positioned Along the Rapidly Growing I-4 Industrial Corridor and Just a 15-Minute Drive from Downtown Lakeland

OVERVIEW

The Taylor & Payne Portfolio consists of two properties with a total of 18 units, strategically located within walking distance of each other in Auburndale, FL. Built in the 1980s with durable concrete block construction, this community offers a favorable unit mix with 89% of the floorplans as spacious two-bedroom units. Auburndale is ideally situated along the rapidly expanding I-4 industrial corridor, and just 15 minutes from downtown Lakeland, which offers employers including Publix Corporate Headquarters, Lakeland Regional Health, and an Amazon Fulfilment Center, among many others. Lakeland, ranked as the 18th fastest-growing city in the U.S. in 2024, has experienced a significant population growth of 9.81% since the 2020 census, offering strong investment potential. The Taylor & Payne Portfolio provides a buyer with an achievable monthly rental upside of $163 per unit following light interior renovations. This upside is supported when compared to similar properties in the area, making this an exceptional opportunity in a high-growth market. Additionally, there are on-site laundry facilities which provide additional income opportunities for owners, while also enhancing the tenant experience. As a cherry on top, the seller will also include approximately 1/4 acre of land in the sale (located at 1225 Taylor St), located directly across from the Taylor St property, offering potential for future development and the addition of more units to increase returns.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$180 USD /SF

# OF UNITS

18

PRICE/UNIT

$133,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taylor & Payne Portfolio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

-

APN/PARCEL ID

25-28-18-346500-000790,25-28-18-346500-000811,25-28-18-346500-000841

ASK ABOUT THIS PROPERTY

Cary BrownFranklin StreetMore Info
813-559-2015

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Cary BrownFranklin StreetMore Info
813-559-2015

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.