Belleview Multifamily Investment
11585 SE 59th Avenue, Belleview, FL 34420
- Added:
- Dec 25, 2025
- Days on Market:
- 159
- Last Refresh:
- Apr 3 at 4:53 am
Property Features for 11585 SE 59th Avenue
General Information
- Standard status
- Active
- Property subtype
- MF
Listing agent Erin Freel License #3431257 (813) 478-1735
Listing office Boyd Real Estate Group (813) 478-1735
Listing date Dec 25, 2025
Source Realnex
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All listing content including descriptions, pricing, images are the copyrighted material of Boyd Real Estate Group
HighLights
- $60,000 seller credit at closing for sinkhole remediation, giving you control over repairs.
- Immediate upside potential by implementing market‑rate rents.
- New roof reduces near‑term maintenance costs.
- Stable in‑place income with low management complexity.
- Month‑to‑month leases provide flexibility to reposition or renovate units.
- Well‑located 6‑unit multifamily property in Belleview, Florida.
Overview
This six-unit multifamily property is located in Belleview, Florida, and consists of two concrete block buildings, each containing three units. The property presents a straightforward unit mix and stable in-place income, with potential for increased income through rent growth and lease stabilization. The units are currently leased on a month-to-month basis, offering flexibility for repositioning, renovation, or implementing market-rate rents. Current rents average approximately $700 per unit, which is below market levels for comparable units in the area. A new roof has been installed. The seller is offering a $60,000 credit at closing to address prior sinkhole remediation, allowing a buyer to control the scope and execution of the repair post-closing. This property is suited for an investor seeking a value-add multifamily asset with stable cash flow, low management complexity, and upside through operational improvements in a growing Marion County submarket.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Belleview
- County
- Marion
- State
- Florida
- Longitude
- -82.0510802
- Latitude
- 29.0541629
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property with income and value-add potential.
Where is this apartment building located?
The property is located at 11585 SE 59th Avenue Belleview, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: $60,000 seller credit at closing for sinkhole remediation, giving you control over repairs.; Immediate upside potential by implementing market‑rate rents.; New roof reduces near‑term maintenance costs.
