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Multifamily

Verona Avenue Apartments

916 S Verona Ave, Avon Park, FL 33825

Listing Price: $1,250,000

Cap Rate
7.60%
Number of Units
24
Price/Unit
$52,083
Price/Gross SF
$160.26
Gross SF
7,800

Investment Overview

A 24-unit apartment community located in Avon Park, Florida

Investment Highlights

  • Offered at $1,250,000 - approximately $52,000 per unit
  • Concrete block construction with metal roofs
  • Built in two phases - 1950 and 1994 with all of the electrical and utility components replaced in 1994
  • Amenities include an on-site laundry facility
  • The property has seen extensive renovations over the past two years in the majority of units, including but not limited to new cabinetry, hard-surface countertops, flooring, vanities and showers
  • Opportunity to acquire a stabilized 7.6% cap rate (approximate) and achieve consistently outsized returns
  • Provides the potential to further increase revenue through the implementation of a RUBS or utility bill-back system

Exclusively Listed By

Multifamily

Verona Avenue Apartments

Listing Price: $1,250,000

Cap Rate
7.60%
Number of Units
24
Price/Unit
$52,083
Price/Gross SF
$160.26
Gross SF
7,800

Investment Highlights

  • Offered at $1,250,000 - approximately $52,000 per unit
  • Concrete block construction with metal roofs
  • Built in two phases - 1950 and 1994 with all of the electrical and utility components replaced in 1994
  • Amenities include an on-site laundry facility
  • The property has seen extensive renovations over the past two years in the majority of units, including but not limited to new cabinetry, hard-surface countertops, flooring, vanities and showers
  • Opportunity to acquire a stabilized 7.6% cap rate (approximate) and achieve consistently outsized returns
  • Provides the potential to further increase revenue through the implementation of a RUBS or utility bill-back system

Investment Overview

A 24-unit apartment community located in Avon Park, Florida

Exclusively Listed By

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