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1000 E Caroline St

Tavares, FL 32778

$3,000,000

Apartments For Sale  •  32,000 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 32,000 Sq Ft
  • Lot Size 3.56 ac
  • Building Class C
  • Year Built 1979
  • Cap Rate 8.46 %
  • Zoning RMF-3
0 Transit Score
33 Walk Score

Description

Turn key multi - family property.  Owner lives close and enjoys giving tours of the property.
1000 east Caroline Street Tavares 32778 - 3.59 acres
40 units - virtually no vacancy with waiting list.
13 - 1 bedroom / 1 bath - 529 square feet
16 - 2 bedrooms / 1 bath - 666 square feet
11 - 3 bedrooms /1 and half bath - 1000 square feet
8 buildings total:  4 single story buildings and 4 two story buildings
78 parking spaces
Units have refrigerators, stoves, hot water heaters, central AC & heat, ceiling fans, and balconies or patios.
The property also features block construction, an management office, laundry, maintenance shop, playground area, and basketball court.
Concrete block construction.
Built in 1979 
Zoned - Residential Multi - Family
Housing assistance pays the majority of the rent direct from HUD and tenants pay a small portion.

Highlights

40 units on about 4 acres in growing area

Property Flyers

Financial Summary (Actual)

Net Operating Income: $253,941 (2018)
Cap Rate: 8.46 %
Total Expenses: $112,328

Amenities

  • Air Conditioning
  • Laundry Facilities
  • Basketball Court
  • Maintenance on site

Public Transportation

AirportDriveWalkDistance
Orlando Sanford Airport 51 min - 35.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 78
Type: Surface
Included in Rent: Yes
Josh Weinberg 407-556-5421 HJ Best Property
Josh Weinberg 407-556-5421 HJ Best Property