6213 CANDLER TER, SEBRING, FL, 33876
$499,900
Residential
Bedrooms
8
Bathrooms
8
Living Area
3,792 Sqft
Lot Size
21,850 Sqft
INVESTOR ALERT – PRICED FOR FAST SALE AT AN 8% PROFORMA CAP RATE! Rare opportunity to acquire an impeccably maintained, 100% occupied 4-Plex in the rapidly growing Spring Lake/Sebring market near the golf course, Sebring International Raceway, and Sebring Regional Airport. This high-demand rental location continues to benefit from migration from Florida’s coastal cities as buyers and renters seek the affordable lifestyle, natural beauty, spring-fed lakes, and quiet country living of the Lake Wales Ridge area. All four spacious 2BR/2BA units offer approximately 949 SF and remain consistently rented below current market rates, creating immediate built-in upside for investors. Current rents range from $1,100-$1,150/month with strong long-term tenants already in place. Simple rent adjustments of only $100 per unit could significantly increase NOI and future valuation potential while still remaining competitive in today’s market. Property has been exceptionally maintained with a New roof installed 2018, all 4 units have new HVAC & Waters heaters. Turnkey condition allows investors to cash flow immediately while implementing value-add improvements over time. Additional upside opportunities include: • Light cosmetic upgrades such as granite countertops and interior enhancements to push rents even higher • Potential future condo conversion opportunity with firewall-ready layout offering substantial resale upside • Strong long-term appreciation potential as Sebring growth accelerates around the Raceway, airport expansion, and recreational development • Excellent depreciation benefits and wealth-building hold strategy over the next 5-7 years Projected value-add scenarios could create substantial equity growth through improved rents, appreciation, and potential condo sellout strategy. Whether you are seeking immediate income, long-term appreciation, or future redevelopment upside, this property checks every box. Opportunities like this at an attractive cap rate are becoming increasingly difficult to find in Central Florida. Don’t miss your chance to secure a stabilized multifamily asset with major upside potential in one of Florida’s hidden growth markets! All buyer's must sign CA for financials and before any showing MUST provide a bilaterally signed purchase agreement on acceptable price and terms PRIOR to any Showings along with prequalification(s)/Proof of Funds.
Property Details
Property Features Property Features
MLS ID: MFRL4961924 Year Built: 1983
Appliances: Convection Oven, Dishwasher, Electric Water Heater, Refrigerator Association Fee Includes: None
Community Features: None Construction Materials: Block
Cooling: Central Air Country: US
County Or Parish: Highlands Direction Faces: South
Exterior Features: Other Flooring: Tile
Foundation Details: Block Furnished: Unfurnished
Heating: Central Laundry Features: Inside
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional Occupant Type: Tenant
Possession: Close Of Escrow Property Sub Type: Condominium
Property Type: Residential Road Surface Type: Paved
Roof: Shingle Sewer: Septic Tank
Showing Requirements: 24 Hour Notice, Appointment Only, ShowingTime Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Electricity Connected Water Source: Public
Rooms Rooms
Kitchen: 8x5 ft Primary Bedroom: 10x12 ft
Living Room: 12x8 ft
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