Posted: Monday, April 24, 2017 9:20 AM
Beautiful 22 unit multifamily property located in the city of Auburndale, FL. With a potential cap rate of almost 10% when fully occupied, this asset is an investment of choice. The property was built in 1983, featuring durable masonry construction, consisting of 22 individually parceled townhome and villa style units with approximately 29,050 sq. ft. of rentable space situated on an approximately 32,000 sq. ft. lot. The property consists of 10 two bedroom two bathroom townhome units, 9 two bedroom two bathroom villa units, and 3 three bedroom 2 bathroom villa units. The units feature central air conditioning and updated laminate flooring, and updated kitchens throughout as the property has been completely remodeled in 2015. Currently the property is 90% occupied, giving the savvy investor the golden opportunity to increase revenue by renting out the vacant units. The city of Auburndale is located in Polk County, FL. Auburndale, FL is located 40 miles northeast of Tampa and 59 miles southwest of Orlando. North of Auburndale, is Interstate 4 which is the main interstate highway in central Florida, leading westward to Lakeland and Tampa, and eastward to Orlando and Daytona Beach. For additional information contact, Assissi Joseph Nadayil at 954-448-6330.
• Location: Auburndale, Miami
• Post ID: 44245739 miami