Lakeview Landings
Closed904 S Florida Ave, Avon Park, FL 33825
Property type
Multifamily
Unit / Space count
38
Price
$2,740,250
Building size
32,745 sf
Rentable area
32,745 SF
Year built
1981
Year renovated
Occupancy
Zoning code
Lot size
4.80 Acres
Sold/status
Sold · Date unknown
Sale price
$2740250
Bedroom count
Property description
Lakeview Landings is a 38-unit, 1981-vintage multifamily property located in Avon Park, FL within the Sebring MSA. The property is comprised of 9 buildings featuring concrete block construction, pitched roofs and central HVAC. The well maintained asset features a spacious unit mix with 1-, 2-, 3- & 4-bedroom floor plans averaging 1,011 square feet. The property is in excellent condition with newer roofs and windows. Upgrades include vinyl wood flooring, updated cabinets, countertops and modern finishes. Amenities include an on-site laundry facility and an excellent location near several employers, retailers and restaurants. South Florida State College is just a short 3-minute drive from the property and annually educates over 16,000 students. Lakeview Landings is convenient to Downtown Avon Park, Sebring and Highway 27, a major Florida thoroughfare (31,000 AADT) with many restaurants, retailers and employers. Nearby national retailers include Walmart (2.1 Miles), Winn Dixie (0.5 Miles), AdventHealth (1.2 Miles) and Dunkin' (1.3 Miles). Lakeview Landings offers an investor the opportunity to acquire a well maintained, turn-key asset with historically strong occupancy. These factors paired with an excellent location near downtown Avon Park, Sebring, South Florida State College and many national retailers; creates the ideal multifamily investment in the current and future market.
Property highlights
- Well Maintained Turn-Key Asset with Historically Strong Occupancy
- 1981-Vintage Single-Story Concrete Block Construction with Pitched Roofs & Central HVAC
- Excellent Unit Mix with Spacious 1-, 2-, 3-, & 4-Bedroom Floor Plans Averaging 1,011 Sq. Ft
- Physical Plant in Great Condition with Newer Roofs and Windows
- Well-Located in Avon Park (Sebring MSA) in Close Proximity to South Florida State College, Advent Health Lake Placid, and Downtown Avon Park
- Conveniently Located Just a Few Blocks From Highway 27, a Major Florida North-South Thoroughfare (31,000 AADT) with Many Restaurants, Retailers, and Employers