The Ranch at Loughman Oaks
6 Unit Apartment Building | $799,999 ($133,333/Unit) | 10.35% Cap Rate | Davenport, FL 33896
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $799,999
- Property Type
-
Multifamily
- Square Feet
- 4,248 SF
Listing Contacts
Stephanie Harribey
Verified Profile
Jennifer Wheeler
Verified Profile
- Property Info
Property Overview
Attention Investors: Come and check out this highly profitable 6-unit apartment building, generating approximately $83,000 in annual revenue at a discounted rate. Each unit features 2 bedrooms and 1 bathroom, with tile or wood flooring. Close to Disney and situated on 1.83 acres, the property includes commercial land at the back zoned for an additional 6-plex, offering significant development potential. Amenities include an on-site laundry room and parking for over 12 vehicles. Low operating expenses are achieved through a self-contained water well, and there is no HOA.
Property Details
- Class
- B
- Year Built/Renovated
- 1962/2007
- Stories
- 1
- Lot Size (sq. ft)
- 87,120 SF
- Units
- 6
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