$959,000
Active19 W Eagle Ave, Eagle Lake, FL 33839
4,134 sq ft
Listing courtesy of COMPASS FLORIDA LLC · MLS# TB8424613
415 days on market
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
About this property
** 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.
Facts
- Property type
- Mixed Use
- Year built
- 1932
- Exposure
- Southwest
- Flood zone
- X
- Annual taxes
- $6,513/yr
- Listed
- Sep 3, 2025
- MLS #
- TB8424613
Commercial details
Building & site
- Building size
- 4,572 SF
- Lot size
- 0.31 acres (13,586 SF)
- Zoning
- LAND
- Road frontage
- City Street
- Buildings
- 3
- Occupancy
- Tenant-occupied
- Building features
- Bathrooms
Investor metrics
- Price per SF (MLS)
- $209.76/SF
- Net operating income
- $100,000/yr
- Units
- 8
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty — confirm with the listing broker before relying on them. We never estimate a cap rate.
Price & status history
- Listed for $1,166,000
- Price reduced to $959,000from $990,000
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19 W Eagle Ave, Eagle Lake, FL 33839
Listing courtesy of COMPASS FLORIDA LLC · MLS# TB8424613 · Active
Where this property is
Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.
