Lakefront Apartment Building with
2121 Lakeview Drive Sebring Sebring, FL 33870
2121 Lakeview Drive Sebring, Sebring, FL, 33870
$3,200,000
For Sale
$3,200,000
16-unit apartment building with pool, metal roofing, and an electric gate, with covered porches on four units.
Property Size10,800 SF
Price / SF$296.30
Days on Market14
Property Features for 2121 Lakeview Drive Sebring
General Information
- Standard status
- Active
- Size
- 10,800 SF
Building Details
- Year Built
- 1975
Listing agency
(904) 447-1321
Listed by
Tammy Evans
(904) 447-1321
Source
Yourfhrm
Added: Jul 9 Updated: Jul 21 at 3:47AM Checked: Jul 21 at 3:47AM
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 Tammy Evans
Investment Insights
Based on property information with market context.
This lakefront apartment building offers 16 units and includes a pool on site. The property features metal roofs, with some shingle portions noted, and was completely renovated in 2014. An electric gate supports entry, and covered porches are present on four of the units.
Located in a city setting at 2121 Lakeview Drive in Sebring, Florida, the building’s configuration includes lakefront frontage and exterior common amenities tied to the pool area.
Located in a city setting at 2121 Lakeview Drive in Sebring, Florida, the building’s configuration includes lakefront frontage and exterior common amenities tied to the pool area.
Key Highlights
- 16‑unit apartment building built in 1975
- Lakefront setting and pool on site
- Metal roofs, with some shingle roofing
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 | $175.0k | $16.20 |
| − Vacancy | −$10.1k | −$0.94 |
| EGI | $164.8k | $15.26 |
| − OpEx | −$74.2k | −$6.87 |
| NOI | $90.6k | $8.39 |
10,800 SF · lease $16.20/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,647 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,283 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banyan Bay Club
Apartment Building
Herbalife Independent
Specialty Food Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 16-unit apartment building with pool, metal roofing, and an electric gate, with covered porches on four units.
Where is this apartment building located?
The property is located at 2121 Lakeview Drive Sebring Sebring, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 16‑unit apartment building built in 1975; Lakefront setting and pool on site; Metal roofs, with some shingle roofing
