Bought with SEBRING NON MLS • NON-MLS OFFICE
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Key Details
Sold Price $495,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 325308
Sold Date 07/27/26
Style One Story
Bedrooms 8
Full Baths 8
Construction Status Resale
HOA Fees $4/ann
HOA Y/N Yes
Year Built 1983
Annual Tax Amount $5,133
Tax Year 2025
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Quadruplex
Property Description
INVESTOR ALERT – PRICED BELOW CURRENT APPRAISAL FOR FAST SALE AT AN 8% PROFORMA CAP RATE! Rare opportunity to acquire a well-maintained 4-Plex in the growing Spring Lake/Sebring market near the golf course, Sebring International Raceway, and Sebring Regional Airport. This high-demand rental location continues to attract buyers and renters seeking the affordable lifestyle, natural beauty, spring-fed lakes, and relaxed atmosphere of the Lake Wales Ridge area.
All four spacious 2BR/2BA units are approximately 949 SF and are offered at $1,100–$1,150 per month, presenting future upside potential through rent adjustments while remaining competitive within the local market. The property has seen extensive capital improvements, including a new roof installed in 2018, updated HVAC systems in all four units, and updated water heaters throughout the property. HVAC replacements include units 6213, 6215, and 6217 in 2021, with unit 6219 replaced in 2018. Water heater replacements include unit 6219 in 2019, unit 6217 in 2021, unit 6215 in 2022, and unit 6213 in 2024.
Turnkey condition allows investors to generate immediate income while maintaining long-term flexibility for future improvements. Additional potential opportunities may include cosmetic interior upgrades and continued rental growth over time. Conveniently located near recreational amenities, golf, shopping, dining, and major transportation corridors, this property offers a strong combination of occupancy, location, and long-term investment potential in the Sebring market. Proof of funds or prequalification required prior to showings.
Location
State FL
County Highlands
Area 4868.000
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile
Fireplace No
Exterior
Pool None
Water Access Desc Public
Roof Type Shingle
Building
Entry Level One
Sewer Septic Tank
Water Public
Architectural Style One Story
Level or Stories One
Construction Status Resale
Others
Tax ID C-15-35-30-010-00A0-0030
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Other
Special Listing Condition None
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