241 S. Commerce Ave, Sebring, FL
Multi-family for Sale - $1,800,000 - 15,000 Sq. Ft.
Property Info
| CIMLS# | 926411 |
| Location 241 S. Commerce Ave Sebring FL 33870 | |
| Updated | October 1st, 2017 |
| Type | Multi-family |
| Price | $1,800,000 |
| Building | 15,000 Sq. Ft. |
Property Description
10.9% PRO-FORMA CAP RATE! 8.7% ACTUAL IN PLACE CAP RATE!
Fantastic opportunity to acquire a fully turn-key, 100% occupied, portfolio of properties which includes an 18 tenant multi-use apartment building, plus four 2/1 duplexes all centrally located in the heart of downtown Sebring, Florida.
- Stabilized, Turn-Key Assets with Above Average CAP rate and Cash-on Cash Returns
- 100% Occupied. Waiting list of Tenants assures long term and stable income stream
- Numerous Capital Improvements Including Roofs, Exterior Paint, Resurfaced Parking Lots, HVAC Systems and Interior Flooring.
- Value-Add Opportunity with Strong Cash Flow Potential through Future Development, Management Efficiency and Increased Rents
- Entire Portfolio Within 5 Minute Drive Offering Operating Efficiencies
Location Description:
All roads lead to the circle - The downtown area is concentrated around the roundabout, commonly known in the Sebring area as
