Fully Renovated 8-Unit
19 W Eagle Avenue Eagle Lake, FL 33839
For Sale
$990,000
Renovated 8-unit property with seven apartment units plus a detached single-family home on a corner lot.
Property Size4,572 SF
Price / SF$216.54
Days on Market354
Property Features for 19 W Eagle Avenue
General Information
- Standard status
- Active
- Size
- 4,572 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1932
Listing Agency:
COMPASS FLORIDA LLC
(813) 365-9935
Listed By:
Katie Patterson
Source:
Xome
Added: Aug 7, 2025
Changed: Jul 22
Last Checked: Jul 26 at 3:30AM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This fully renovated 8-unit income property includes seven apartment units and one detached single-family home. Constructed with a combination of concrete block and wood frame, the building received a complete modernization effort, including a new roof in 2022. Updates also include new electrical and new plumbing using CPVC & PEX, along with luxury vinyl plank (LVP) flooring. Improvements extend to new appliances, countertops, tankless 30-gallon water heaters, and fresh interior and exterior paint.
The property is situated on a large corner lot in Eagle Lake. Investors are also offered an optional portfolio purchase that includes two additional single-family homes, totaling 10 units across 3 parcels, with one referenced property at 652 N Jackson St.
The property is situated on a large corner lot in Eagle Lake. Investors are also offered an optional portfolio purchase that includes two additional single-family homes, totaling 10 units across 3 parcels, with one referenced property at 652 N Jackson St.
Key Highlights
- Renovated 8‑unit property: 7 apartment units plus 1 detached single‑family home.
- Corner lot with concrete block and wood frame construction.
- Renovations include new roof (2022), all‑new electrical and all‑new plumbing (CPVC & PEX).
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 | $83.9k | $18.36 |
| − Vacancy | −$5.2k | −$1.14 |
| EGI | $78.7k | $17.22 |
| − OpEx | −$35.4k | −$7.75 |
| NOI | $43.3k | $9.47 |
4,572 SF · lease $18.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$618.7K
$541.3K – $721.8K
NOI $43,306 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$961.4K – $1.28M
NOI $76,908 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Renovated 8-unit property with seven apartment units plus a detached single-family home on a corner lot.
Where is this apartment building located?
The property is located at 19 W Eagle Avenue Eagle Lake, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Renovated 8‑unit property: 7 apartment units plus 1 detached single‑family home.; Corner lot with concrete block and wood frame construction.; Renovations include new roof (2022), all‑new electrical and all‑new plumbing (CPVC & PEX).
