Property Description

** Prime Investment Opportunity – 8 Units + Portfolio Option ** Introducing a fully renovated 8-unit income-producing property with a 7.5% CAP located on a large corner lot in Eagle Lake. The property consists of 8 apartment units and 1 detached single-family home, offering versatile rental options for steady cash flow. Built with a combination of concrete block and wood frame, this property underwent a complete renovation with a NEW roof in 2022, all new electrical, all new plumbing (CPVC & PEX), luxury vinyl plank (LVP) flooring, new appliances, countertops, tankless 30-gallon water heaters, and fresh interior/exterior paint. Every system and finish has been modernized to minimize maintenance and maximize return. This property has a proven rental history, leasing quickly due to its quality updates and prime location. Investors will also appreciate the opportunity to purchase it as part of a larger portfolio consisting of an additional single-family home on 1/3 acre, totaling 9 units across 2 parcels.
With rents in Eagle Lake increasing over 300 p ercent in the last decade and the current average rent hovering around $2,000, this property presents a rare chance to secure a total $73,000 NOI at a 7.5 cap rate for 8 units - due for 2026 rent increases for an extra $6,000 NOI. Other properties included in the optional portfolio: 652 N Jackson St. Don’t miss this exceptional opportunity to expand or establish your rental portfolio in one of Central Florida’s fastest-growing rental markets.

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Included Appliances

DishwasherDryerMicrowaveRefrigeratorWasher

Property Details

Interior

Appliances

DishwasherDryerMicrowaveRefrigeratorWasher

Building Area Total

4572

Cooling

Mini-Split Unit(s)

Flooring

Luxury Vinyl

Living Area

4134

Window Features

Blinds

Construction

Building Area Source

Public Records

Building Area Units

Square Feet

Construction Materials

Wood Frame

Direction Faces

Southwest

Foundation Details

Crawlspace

Levels

One

Living Area Source

Public Records

Living Area Units

Square Feet

Number Of Units Total

8

Property Condition

Completed

Roof

Shingle

Year Built

1932

Site & Exterior

Flood Zone Code

X

I D X Participation

Yes

Lot Features

Corner Lot

Lot Size Acres

0.31

Lot Size Area

13586

Lot Size Square Feet

13586

Lot Size Units

Square Feet

Number Of Separate Electric Meters

8

Parking Features

6 to 12 Spaces

Public Survey Range

26

Public Survey Section

07

Road Frontage Type

City Street

Road Responsibility

Public Maintained Road

Road Surface Type

DirtPaved

Sewer

Public Sewer

Total Acreage

1/4 to less than 1/2

Utilities

BB/HS Internet Capable

Water Source

Public

Zoning

LAND

Financials

Calculated List Price By Calculated Sq Ft

209.76

Contract Status Change Date

2025-09-08

Current Price

959000

Feed Types

BBO

Owner Name

LOCALE AT EAGLE AVE LLC

Ownership

Other

Parcel Number

262907679000044030

Public Survey Township

29

Tax Annual Amount

6513

Tax Book Number

Yes

Tax Legal Description

EAGLE LAKE PB 1 PG 12 TIER 4 BLK 4 LOT 3 S 50 FT & 4 LESS R/W FOR SR 555

Tax Year

2024

Neighborhood & Lifestyle

Community & Association

Complex Community Name N C C B

LOCALE AT EAGLE AVE

M L S Area Major

33839 - Eagle Lake

Listing provided courtesy of STELLAR via IDX. Updated: Jul 1, 2026, 8:53am.

19 W EAGLE AVENUE

19 W EAGLE AVENUE

Property Description

Property Details

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Katie Patterson

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19 W EAGLE AVENUE

19 W EAGLE AVENUE

Property Description

Property Details

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Katie Patterson