For Sale
$2,295,000

227 Orange StSebring, FL 33870

12-Unit Apartment Building, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 12-unit apartment building portfolio located in Sebring, Florida, within Highlands County. The property comprises nine individual parcels totaling 17,430 square feet on a 97,640 square foot lot and features a mix of apartment building and duplex/triplex/quadplex units, all currently 100% occupied. Built in 1960, this Class B property boasts a strong net operating income (NOI) of $183,524, resulting in an 8.00% cap rate. The asking price is $2,295,000, translating to $191,250 per unit and $131.67 per square foot. The property benefits from a recent, high-quality renovation in downtown Sebring, offering an attractive aesthetic. Its location provides proximity to the Sebring Racetrack and numerous lakes, while also being conveniently located within an hour of larger cities. No flood insurance is required. The property is subject to a ground lease and is being sold by the owner, iBuy Fund, LLC. Monthly rental income is $17,275. Most tenants pay their own utilities

Highlights

  • Multi-parcel portfolio of 12 units in Sebring, FL.
  • Excellent location near Sebring Racetrack and lakes.
  • Recently renovated with high-quality finishes.
  • One hour from major cities.
  • No flood insurance required.
  • 100% occupancy.

Property Details for 227 Orange St

Property type
Apartment buildings, Small apartment buildings
Square Feet
17,430 SF
Class
B
Year Built
1960
Stories
1
Units
12

Location Insight

City
Sebring
County
Highlands
State
Florida
Latitude
27.4954865
Longitude
-81.4361565
227 Orange St, Sebring, Florida

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227 Orange St
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