17 Unit Apartment Complex - 100% rented - 10.88% cap rate

  • $ 650 000
  • Apartments For Sale
  • Bedrooms 17
  • Bathrooms 17

Description

17 Unit Apartment complex - some 2/1, others 1/1. CBS construction. Upgraded with new metal roofs on all 17; 10 new A/C units added. Onsite property manager is bilingual. Water is paid by owner/landlord. The property site is located close to downtown area of Lake Placid, close to main artery of Interlake Blvd. Reported gross income of $82,740 with a cap rate of 10.88%, Complex is 100% rented.

Details

  • Listing status: Active
  • Available from: Jul 10, 2014
  • Listing #: 6832
  • Parking type: Off street
  • Heating System: Electric

Utilities

  • Electricity
  • Sewer
  • Telephone
  • TV Cable
  • Water

Keywords: residential apartments, income producing, positive cash flow

Map

Address: 729 South Main Avenue, Lake Placid, FL 33852, USA
Latitude / Longitude: 27.290044 / -81.363133

Directions

Main Avenue is close to main throughfare Interlake Blvd. in Lake Placid

Neighborhood

Residential/small business mix

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Get more info

  • Name: Greg Karlson, Broker
  • Phone #1: 1-(863) 386-0303
  • Company name: Advantage Realty
  • Average visitors rating:
         0 / 5 ( 0 reviews )
  

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