1001 S LAKE ANOKA BLVD, AVON PARK, FL, 33825
$2,798,987
Commercial Sale
|
Living Area
17,280 Sqft
|
Lot Size
21,625 Sqft
|
Breezeway Townhomes — an 18-unit, two-parcel townhome portfolio in Avon Park's Lake Anoka Village, offered at $2,797,987 ($155,444/unit). Built in 1985, the property has been extensively remodeled with little deferred maintenance and features durable metal roofs throughout. All 18 units share a consistent 2 bedroom / 1.5 bath floor plan, each with an oversized private lanai — a distinguishing feature rarely found in this submarket. Situated on two 0.49-acre parcels (1000 & 1001 S Lake Anoka Blvd), zoned R2, with city water and city sewer. Current in-place rents run well below market, generating $185,154 in net operating income (6.62% cap rate), with a clear, ownership-modeled path to $218,211 NOI as units turn — 14%+ upside in gross rental income before broader market rent growth. Located in a growing Central Florida submarket, with population and household growth of 5.6%–6.8% projected through 2030 within a 1–5 mile radius.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFROM731376 | Year Built: | 1980 | |
| Construction Materials: | Brick, Vinyl Siding | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Highlands | |
| Foundation Details: | Slab | Income Includes: | Rent Only | |
| Levels: | Two | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Commercial Financing, Other | Occupant Type: | Tenant | |
| Property Condition: | Completed | Property Sub Type: | Multi-Family 5+ | |
| Property Type: | Commercial Sale | Road Frontage Type: | City Street | |
| Road Surface Type: | Asphalt | Roof: | Metal | |
| Showing Requirements: | Appointment Only | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
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