19 W Eagle Ave is a 1932-built home Eagle Lake. Listed at $959,000 (about $232/sqft), 333 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
** 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 $85,000 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.
Annual Tax (2024)
$6,513
Parcel #
26-29-07-679000-044030
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
County
Polk
MLS Area
33839 - Eagle Lake
Lot Size
13,586 sqft
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