401 Domaris Avenue, Lake Wales, FL 33853 detailed description
Commercial property for sale
401 Domaris Avenue, Lake Wales, FL 33853
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- Description
- 22 Unit apartment house set up as 4 individual buildings. 10) two bedrooms 12) one bedrooms units. This property needs some curb apeal and an owner operator. The current owner is over 2 hours from the site. 17 of the 22 units are rented. 14% cap is based on proforma. Actual cap with the current vacancy 9.2%. Offered for $20,454.00 per door or $25.99 per Sf. The buildings were built in 1970 and renovated in 2005. 26 parking spaces. Each unit has it's own untilities. Additional upside not added to the income projections: 1. There is one additional apartment (not added) becoming available bringing the total units to 23. 2. There is a laundry room which could be taken over by the new owner. (Currently an outside vendor) 3. There are storage units at the end of each apartment not currently being offered for rent to the tenants. Building price details: $450,000.
- Property Details
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Property Type: Multifamily Use Types: Low-Rise/Garden Status: Available Price: $ 20,455 +/Unit Number of Stories: 1 Year Built: 1970 Year Renovated: 2005 MSA: Lakeland-Winter Haven Zoning: Multi family Buildings: 4 Construction: Block Terms: Cash to Seller Added: 12/09/2012 Last Update: 01/15/2013 - Exterior Features
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Parking: Yes Parking Spaces: 26 Parking Type: Surface - Contact info
- 352-293-2685 [Office]
- See also
- Note
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