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401 Domaris Avenue, Lake Wales, FL 33853

Commercial property for sale

  • Description
  • 22 Unit apartment house set up as 4 individual buildings. 10) two bedrooms 12) one bedrooms units. This property needs some curb apeal and an owner operator. The current owner is over 2 hours from the site. 17 of the 22 units are rented. 14% cap is based on proforma. Actual cap with the current vacancy 9.2%. Offered for $20,454.00 per door or $25.99 per Sf. The buildings were built in 1970 and renovated in 2005. 26 parking spaces. Each unit has it's own untilities. Additional upside not added to the income projections: 1. There is one additional apartment (not added) becoming available bringing the total units to 23. 2. There is a laundry room which could be taken over by the new owner. (Currently an outside vendor) 3. There are storage units at the end of each apartment not currently being offered for rent to the tenants. Building price details: $450,000.
  • Property Details
  • Property Type: Multifamily
    Use Types: Low-Rise/Garden
    Status: Available
    Price: $ 20,455 +/Unit
    Number of Stories: 1
    Year Built: 1970
    Year Renovated: 2005
    MSA: Lakeland-Winter Haven
    Zoning: Multi family
    Buildings: 4
    Construction: Block
    Terms: Cash to Seller
    Added: 12/09/2012
    Last Update: 01/15/2013
  • Exterior Features
  • Parking: Yes
    Parking Spaces: 26
    Parking Type: Surface
  • Contact info
  • 352-293-2685 [Office]
  • Note

  • Details Info about this row that located on 401 Domaris Avenue, Lake Wales, FL 33853 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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