Quadplex Redevelopment
For Sale
Contact for pricing
150 S Nekoma Ave, Lake Alfred, FL 33850
Quadplex property needs TLC, with RN-2 zoning described for up to 9-unit multifamily redevelopment options.
Property SizeContact for details
Days on Market121
Property Features for 150 S Nekoma Ave
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
RN-2
Additional Details
Multifamily Units
4
Building Details
Tenancy
Multi
Listing Agency:
KW Commercial Orlando Central
(407) 395-4422
Listed By:
Sunny Gandhi · License #SL3302939
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 1:35AM
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 KW Commercial Orlando Central
Investment Insights
Based on property information with market context.
This quadplex is offered as a redevelopment project and is described as being in need of TLC. The property may be renovated and repositioned as an income-producing asset, or the existing structure may be demolished and redeveloped subject to the stated zoning parameters.
Per verbal information gathered from Lake Alfred City authorities, the RN-2 zoning allows flexibility to build single-family homes attached or detached, as well as multifamily structures up to 9 units, with the buyer able to allocate up to 65% of the land for construction. The structure is described as ideally placed within 10 to 20 feet of the front street lot line, with 5 feet on the sides and 15 feet from the rear lot line. The minimum residential unit requirement is described as 450 SF per unit, and the property can have a 36-foot height to the peak of the roof.
Buyer is to independently verify all permits, zoning, approvals, regulations, and all factors related to intended use and development.
Per verbal information gathered from Lake Alfred City authorities, the RN-2 zoning allows flexibility to build single-family homes attached or detached, as well as multifamily structures up to 9 units, with the buyer able to allocate up to 65% of the land for construction. The structure is described as ideally placed within 10 to 20 feet of the front street lot line, with 5 feet on the sides and 15 feet from the rear lot line. The minimum residential unit requirement is described as 450 SF per unit, and the property can have a 36-foot height to the peak of the roof.
Buyer is to independently verify all permits, zoning, approvals, regulations, and all factors related to intended use and development.
Key Highlights
- Quadplex property in need of TLC, offering redevelopment potential.
- RN‑2 zoning described as allowing redevelopment as single‑family homes (attached or detached) and multifamily structures up to 9 units.
- Verbal information from Lake Alfred City authorities: up to 65% of the land can be allocated for construction (buyer to verify).
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
Demographics for 33850, FL
9,119
Population
4,947
Households
1.8
Avg Household Size
45
Median Age
24%
College-Educated
89%
High-School Grad
16.8 sq mi
ZIP Area
543
Density / Sq Mi
$53,877
Median Household Income
$36,563
Median Earnings
$1,072
Median Rent
$215,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex property needs TLC, with RN-2 zoning described for up to 9-unit multifamily redevelopment options.
Where is this quadplex located?
The property is located at 150 S Nekoma Ave Lake Alfred, FL.
What are key features of this property?
This property features: Quadplex property in need of TLC, offering redevelopment potential.; RN‑2 zoning described as allowing redevelopment as single‑family homes (attached or detached) and multifamily structures up to 9 units.; Verbal information from Lake Alfred City authorities: up to 65% of the land can be allocated for construction (buyer to verify).
