Exceptional Income Property with
3211 LAKESHORE BOULEVARD Saint Cloud, FL 34769
3211 LAKESHORE BOULEVARD, Saint Cloud, FL, 34769
$1,249,900
For Sale
$1,249,900
2021-built income property with 5 bedrooms and 5.5 baths.
Property Size4,531 SF
Lot Size0.97 Acres
Price / SF$275.86
Days on Market639
Property Features for 3211 LAKESHORE BOULEVARD
General Information
- Standard status
- Active
- Size
- 4,531 SF
- Lot size
- 0.97 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 2021
Listing Agency
KELLER WILLIAMS LEGACY REALTY
(407) 908-6671
Listed by
Teresa Reilly-O'Doherty · License #476746
(407) 908-6671
Source
Exitrealty
Added: Oct 18, 2024 Checked: Jul 17 at 3:43 am
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 KELLER WILLIAMS LEGACY REALTY
Investment Insights
Based on property information with market context.
This 2021-built income property offers a versatile layout suitable for investors and owner-operators. The property features a total of 5 bedrooms and 5.5 baths, comprising 4 separate rental units, each with a private entrance. The property spans 6,860 sq ft and includes a communal space featuring a 31 ft x 31 ft living/family room connected to a combined kitchen and dining area. The main unit on the upper level is a two-bedroom apartment of approximately 1,200 sq ft with an open-concept kitchen, dining, and living area. Both bedrooms in this unit can accommodate two queen-size beds each. An additional one-bedroom unit on the upper level includes two queen-size beds, a full bathroom, a refrigerator, and a dining nook. The owner’s suite on the upper level features an 18x14 master bedroom with an elegant bathroom, walk-in shower, and double vanity. Downstairs, two rental units each have a queen-size bed and a private bathroom. The property includes hurricane-strength windows rated for 180 mph winds, two 5-ton energy-efficient AC units, and a tankless water heater. Smart home features include LED lighting, 12 ceiling fans, and a smart refrigerator in the main kitchen. High-quality finishes include a gas stove and dryer, solid wood doors, and insulation for soundproofing. Set on .97 acres, the outdoor space includes a large screened-in rear porch. There is also an oversized 3-car garage (44 ft x 25 ft) and a block warehouse that could be transformed into more rental units. The property is eligible for Freddie Mac 5% down program.
Key Highlights
- High Income Potential: Four separate rental units with private entrances provide flexible income streams.
- Spacious Layout: 6,860 sq ft property with a large communal area.
- Modern Construction: Built in 2021 with high‑quality finishes, smart home features, and energy‑efficient systems.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.2k | $23.88 |
| − Vacancy | −$7.0k | −$1.55 |
| EGI | $101.2k | $22.33 |
| − OpEx | −$45.5k | −$10.05 |
| NOI | $55.6k | $12.28 |
4,531 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$794.9K
$695.5K – $927.4K
NOI $55,642 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.40M
$1.23M – $1.63M
NOI $98,073 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 2021-built income property with 5 bedrooms and 5.5 baths.
Where is this apartment building located?
The property is located at 3211 LAKESHORE BOULEVARD Saint Cloud, FL.
What is the asking price?
The asking price for this property is $1,249,900.
What are key features of this property?
This property features: High Income Potential: Four separate rental units with private entrances provide flexible income streams.; Spacious Layout: 6,860 sq ft property with a large communal area.; Modern Construction: Built in 2021 with high‑quality finishes, smart home features, and energy‑efficient systems.
