6900 Miami Dr - Apartments FOR SALE


Indian Lake Estates, FL 33855
$545,000 USD
407-907-0350
6900 Miami Dr, Indian Lake Estates, FL for Sale
$545,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

6900 Miami Dr
Indian Lake Estates, FL 33855


HIGHLIGHTS

  • Sturdy Construction: Two buildings constructed with durable concrete blocks and pitched shingle roofs.
  • Spacious One-Bedroom Units: Each unit features a generous one-bedroom, one-bathroom layout with well-maintained kitchens and bathrooms.
  • Tenant-Paid Electricity: Sub-metered electrical system allows tenants to pay for their own electricity, reducing landlord expenses.
  • Reliable City Water Supply: Water is supplied and paid for by the landlord, ensuring consistent service.
  • Upgraded Septic System: Recently renovated septic tank provides dependable and low-maintenance sewage disposal.
  • Additional RV Hook-Up: Water and sewage connections for RVs offer potential for extra income or guest accommodation.

OVERVIEW

The Apartment Brokers present The Miami Apartments, a four-unit multifamily property located in Polk County, Florida. Built in 1959, the property comprises two buildings—each with two units—constructed from concrete block and featuring pitched shingle roofs. All units are one-bedroom, one-bathroom configurations. The property sits on a 0.44-acre lot. Electricity is sub-metered and paid by the tenants, providing a straightforward billing system. Water is supplied by the city and paid by the landlord. The property utilizes a recently renovated septic tank for sewage disposal, ensuring reliable and low-maintenance operation. For added tenant convenience, the east-side building includes a small laundry room. The roofs were replaced approximately 4 years ago, remaining in their active life cycle. Additionally, the water heaters have been replaced recently. This property qualifies for residential financing, making it an excellent investment opportunity. For more information visit: www.theaptbrokers.com

FOR SALE DETAILS

PRICE

$545,000 USD

PRICE/SF

$167 USD /SF

# OF UNITS

4

PRICE/UNIT

$136,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

PUD

APN/PARCEL ID

30-31-04-994100-031807

ASK ABOUT THIS PROPERTY

Tito UrbanoThe Apt BrokersMore Info
407-907-0350

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Tito UrbanoThe Apt BrokersMore Info
407-907-0350

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