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Listing 5 out of 1,987
$4,500,000 For Sale

2181 Lakeview Drive
Sebring, FL 33870

Multi Family Home
4.5 acres - MLS# 260868
Property Photo
1/8

Description

These are 3 multi-unit complexes with a total of 62 rental units, all close together. They are all remodeled with new kitchens. Most have raised panel light oak cabinets with microwaves and dishwashers. All units are Lakefront on Lakes Jackson, Dinner Lake, and Letta. All three complexes will only be sold together. The sale will be a 1031 exchange. These properties have a cap rate over 10%. Some have new metal roofs. All 3 properties have on site management as well as reasonable subcontractors for low cost repairs. The managers and maintenance people are available for a new owner if desired. Most of the appliances and air conditioners have been updated. These are all beautiful lakefront properties that show pride of ownership. Income and expenses will be shown to qualified buyers only. Confidential, do not send buyers to property without owner Realtor!

Features

  • Property Type: Multi Family Home
  • Sub Type: Residential Apartments
  • Listing Status: Active
  • County/Area: Highlands County
  • Zip Code: 33870
  • Year Built: 1982
  • Style: Two Story
  • Stories: 2-Story
  • Bedrooms: 105
  • Full Baths: 89
  • Lot Size: 4.5 acres
  • Baths: 89
  • View: Lake
  • Additional Income: 5000
  • Additional Parcels YN: Yes
  • Appliances: Dishwasher, Microwave, Refrigerator, Stove
  • Building Name: Douglas Place Dee's, Lake Letta
  • Cap Rate: 10.500
  • Construction Materials: Concrete Block
  • Cooling: Central Electric, Heat Pump
  • Dor: Multi-Fam 10+ Units
  • Electricity: Duke Energy
  • Floors: Carpet, Terrazzo, Tile
  • Frontage Feet: 100
  • Gross Income: 460000
  • Heating: Central Electric, Heat Pump
  • Interior Features: Blinds
  • Lot Length Feet: 340
  • Lot Size Square Feet: 34000
  • Misc: Cable TV, Manager Available
  • Neighborhood Code: 3145
  • Number Of Units In Community: 62
  • Parking: 1 Car Carport, Parking 1, Parking 2
  • Potential Rent Inc: 460000
  • Property Condition: Excellent
  • Road: Paved
  • Roof: Metal, Roll, Shingle
  • Sewer Desc: Public Sewer, Engineered Septic
  • Sewer YN: Yes
  • Stage Construction: Existing/Resale
  • Utility Type: In Apartment
  • Water Desc: Central, Private Well
  • Windows: Double Hung, Single Hung
Courtesy of Rockford Realty Company

Thank you for visiting my site Highlandscountyhomes.com. If this is your first visit, take your time and look around at some of the great affordable and attractive homes. Highlands County has some of the most spectacular lakefront homes for sale. Highlands County Homes allows you to search directly from the MLS, the same syatem that realtors use where you get a true real time list of active properties. When you search on Trulia and Zillow and others, they are not linked to the MLS so many times you are wasting time looking at home that are no longer on the market. Through this site you can customize your search and find exactly what you want at the price you want and know it is active.

Waterfront Homes and Canal Homes can be found on over 25 lakes in Highlands County. Highlands County is called Highlands because it is the highest point above sea level in Florida. Lake Placid is like a paradise of rolling hills, curvy roads and spectacular lakes with sweaping water views. Sebring is located directly in the middle of Highlands County with Lake Placid to the South and Avon Park to the North.

I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

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Thank you for visiting my site Highlandscountyhomes.com. If this is your first visit, take your time and look around at some of the great affordable and attractive homes. Highlands County has some of the most spectacular lakefront homes for sale. Highlands County Homes allows you to search directly from the MLS, the same syatem that realtors use where you get a true real time list of active properties. When you search on Trulia and Zillow and others, they are not linked to the MLS so many times you are wasting time looking at home that are no longer on the market. Through this site you can customize your search and find exactly what you want at the price you want and know it is active.

Waterfront Homes and Canal Homes can be found on over 25 lakes in Highlands County. Highlands County is called Highlands because it is the highest point above sea level in Florida. Lake Placid is like a paradise of rolling hills, curvy roads and spectacular lakes with sweaping water views. Sebring is located directly in the middle of Highlands County with Lake Placid to the South and Avon Park to the North.

I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

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