419 Grapefruit Ave - Apartments FOR SALE


Sebring, FL 33870
$1,495,000 USD
863-446-1280
419 Grapefruit Ave, Sebring, FL for Sale
$1,495,000 USD
Apartments - FOR SALE
1/20
null | 5.6% Cap Rate

419 Grapefruit Ave
Sebring, FL 33870


HIGHLIGHTS

  • High Income
  • High Cap Rate
  • No Vacancy

OVERVIEW

Discover prime investment potential with this exceptional multi-unit apartment complex, ideally situated within walking distance to the charming historical downtown of Sebring. Boasting proximity to shopping boutiques and dining establishments, this property offers unparalleled convenience for tenants seeking a vibrant lifestyle. The complex's proximity to the serene shores of Lake Jackson adds to its allure, offering residents easy access to the lake's swimming beach and recreational activities. Whether enjoying a leisurely stroll downtown or unwinding by the lakeside, this location epitomizes the perfect blend. Invest in the future of downtown Sebring with this exceptional opportunity to own a multi-unit apartment complex that promises not only robust rental income but also a coveted lifestyle for tenants. Don't miss out on this chance to capitalize on Sebring's growing appeal and secure your stake in its flourishing real estate market.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

24

PRICE/UNIT

$62,292

CAP RATE

5.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24 Unit Florida Apartment Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,156 SF

ZONING

C1

APN/PARCEL ID

S-29-34-29-070-0340-0021

ASK ABOUT THIS PROPERTY

Drew BishopKeller Williams Realty Fort Myers and the IslandsMore Info
863-446-1280

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Drew BishopKeller Williams Realty Fort Myers and the IslandsMore Info
863-446-1280

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