730 W Central Ave - Apartments FOR SALE


Winter Haven, FL 33880
$1,200,000 USD
813-865-3091
730 W Central Ave, Winter Haven, FL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/8
null | 7.5% Cap Rate

730 W Central Ave
Winter Haven, FL 33880


HIGHLIGHTS

  • 100% Leased | Excellent Location
  • Upside thru Future Development & Rent Increases
  • Classic Design w/ Modern Effective Age

OVERVIEW

Downtown Oaks Apartments | 10-Unit Apartment complex near Lakefront in Winter Haven, FL. Classic Design, w/ Stained Wood Floors, French Doors to the Bedrooms & Skylight on the Second Floor. Significant Updates Completed in 2022, Including Rewiring of Main Building & New Electric Panels in Most of the Units. Property is professionally managed and 100% leased. Unit mix includes (9) one-bedroom units and (1) two-bedroom unit. Cost Analysis Performed as Rental Property In: Rent - $125,040.00 Out: (Annual) Property Taxes - $12,063.00 (Annual) Estimated Insurance - $6,877.00 (Annual) Property Management (Optional) - $6,252.00 (Annual) Estimated Utilities/Lawn/Repair/Misc. -$9,900.00 Total Costs - $35,092.00 Net: $89,948.00 Earn: Total yearly net equates to - $89,948.00 Total monthly gross equates to - $10,420.00

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

10

PRICE/UNIT

$120,000

CAP RATE

7.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,802 SF

ZONING

RP, County

APN/PARCEL ID

26-28-29-632000-004060

ASK ABOUT THIS PROPERTY

Kurt WestfieldBlue Peak RealtyMore Info
813-865-3091

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Kurt WestfieldBlue Peak RealtyMore Info
813-865-3091

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