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- Description
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$4,500,000
-- Bed
- -- Bath
17,537sqft
1001 Lakeview Dr, Sebring, FL 33870
$4,500,000
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Quadruplex
Built in 1972
$-- HOA
3.04 acres lot
$257/sq.ft
Description
RARE SEBRING INVESTMENT/REDEVELOPMENT OPPORTUNITY! Former Sunset Beach Motel at US 27 & Lakeview Dr offers 42 units on 3± acres at a highly visible hard corner with 297± FT of frontage on beautiful Lake Jackson. Surrounded by major retailers/services including Publix, Bealls Outlet, Popeyes, Verizon & CVS. Existing improvements & infrastructure provide tremendous value as construction, utility & development costs continue to rise. Renovate/stabilize the 42 units for income while positioning this prime site for future redevelopment. Owner pro forma based on $800/unit/mo, 10% vacancy & 35% expenses projects $235,872 NOI. One building has a newer metal roof; additional updat...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1972
HOA Fees
-
Finished Area
17,537 sqft
Lot Size
3.04 acres lot
Basement Area
- sqft
MLS Name
Stellar MLS
MLS Number
L4964161
MLS Status
Active
Days on Market
15
Cumulative Days on Market
5
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