Concrete-Block
For Sale
$374,999
1010 EO DOUGLAS AVENUE #S1-4, Sebring, FL 33870
Four-unit income property offered as-is near Downtown Sebring and major local institutions.
Property Size3,560 SF
Price / SF$105.34
Days on Market52
Property Features for 1010 EO DOUGLAS AVENUE #S1-4
General Information
Standard status
Active
Size
3,560 SF
Property subtype
Quadruplex
Property Condition
Severity
Repairs Needed
Evidence
cosmetic refreshes
Additional Details
Multifamily Units
4
Building Details
Year Built
1961
Construction
concrete-block
Listing Agency:
SPANN & ASSOCIATES REAL ESTATE
(407) 468-7512
Listed By:
Kal Scarvers · License #3312196
(863) 617-5236
Source:
Dennisrealty
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 24 at 5:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SPANN & ASSOCIATES REAL ESTATE
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Investment Insights
Based on property information with market context.
This four-unit residential income property contains 3,560 square feet within a concrete-block building constructed in 1961. The offering is made strictly as-is and includes the right to inspect. Existing occupants are in place, with interior access available after an executed contract and verified proof of funds or pre-approval.
The property is positioned in Sebring near Downtown Sebring, Lake Jackson, AdventHealth, South Florida State College, and retail along US-27. Exterior drive-by review is requested before contract execution, and tenants are not to be disturbed.
The property is positioned in Sebring near Downtown Sebring, Lake Jackson, AdventHealth, South Florida State College, and retail along US-27. Exterior drive-by review is requested before contract execution, and tenants are not to be disturbed.
Key Highlights
- Four‑unit quadplex with 3,560 square feet
- Concrete‑block construction
- Built in 1961
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,154
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,080
$643.1K
Cap Rate 7%
$459,343
$459.3K
Cap Rate 9%
$357,267
$357.3K
Market Conditions
NOI Build-Up for 3,560 SF
Gross rent
$49.1K $13.80/SF
− Vacancy
−$3.2K −$0.90/SF
EGI
$45.9K $12.90/SF
− OpEx
−$13.8K −$3.87/SF
NOI
$32.2K $9.03/SF
Area
Highlands County, FL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,080
Cap Rate 7%
$459,343
Cap Rate 9%
$357,267
Alternative Uses
Best Use
Multifamily LT 5
$459.3K
$401.9K – $535.9K
NOI $32,154 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$426.9K
$373.5K – $498.0K
NOI $29,880 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$740.6K
$648.1K – $864.1K
NOI $51,845 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
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Business Placement
Demographics for 33870, FL
24,238
Population
13,933
Households
1.7
Avg Household Size
51
Median Age
18%
College-Educated
84%
High-School Grad
95.3 sq mi
ZIP Area
254
Density / Sq Mi
$50,606
Median Household Income
$28,475
Median Earnings
$977
Median Rent
$154,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit income property offered as-is near Downtown Sebring and major local institutions.
Where is this quadplex located?
The property is located at 1010 EO DOUGLAS AVENUE #S1-4 Sebring, FL.
What is the asking price?
The asking price for this property is $374,999.
What are key features of this property?
This property features: Four‑unit quadplex with 3,560 square feet; Concrete‑block construction; Built in 1961
