Lakeshore Gardens Apartments

7 Unit Apartment Building | $679,000 ($97,000/Unit) | 7.01% Cap Rate | Winter Haven, FL 33881

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $679,000

Property Type
Multifamily
Square Feet
2,555 SF

Listing Contacts

Tito Urbano
Tito Urbano
Verified Profile
Phil Ginexi
Phil Ginexi
Verified Profile
Kyle Keelan
Kyle Keelan
Verified Profile
  • Property Info

Property Overview

The Multifamily Firm is pleased to present the Lakeshore Gardens Apartments, a 7-unit apartment community in Winter Haven, FL. Consisting of 7-units in 2 buildings on 1 parcel totaling 0.47 acres, the property has undergone extensive capital improvements, including, all new, metal roofs, septic tanks, lift stations, drain field, and significant interior updates in all units. A turn-key asset providing near maintenance-free cash flow, the property also features a sizable garage storage area to add coin-operated laundry units and abundant area to add common area amenities.
View Offering Memorandum for Financial Information & Full Details!

Property Details

Class
C
Year Built
1952
Stories
1
Lot Size (sq. ft)
20,473 SF
Units
7

Highlights

  • Extensive Interior & Exterior Capital Improvements Completed in Last 2 Years
  • New Metal Roofs, Septic Tanks, Lift Stations & Drain Field | Freshly Painted Buildings, Exterior Solar Lighting & Cleared Lakefront Area
  • Turn-Key Asset Providing Near Maintenance-Free Cash Flow for Years
  • Substantial Interior Updates, Including, New Cabinets, Countertops, Vanities, Drywall, Appliances, AC’s, Plumbing, Flooring, Freshly Painted & More!
  • Sizable Garage Storage Area to Add Coin Laundry Units & Abundant Area on Site to Add Common Area Amenities
  • Non-Flood Zone Location (Zone X), Drastically Reducing Insurance Expenses

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].