Rented Six-Unit Apartment
2715 FLETCHER AVENUE Eaton Park, FL 33840
For Sale
$599,000
Income property with six 1-bedroom apartments, plus a separate laundry building with washer and dryer furnished.
Property Size3,300 SF
Price / SF$181.52
Days on Market591
Property Features for 2715 FLETCHER AVENUE
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1971
Listing Agency:
GATOR REALTY OF POLK
(863) 521-1975
Listed By:
Tom Scharar · License #77859
(863) 521-1975
Source:
Exitrealty
Added: Dec 13, 2024
Changed: Jul 22
Last Checked: Jul 26 at 8:29AM
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 GATOR REALTY OF POLK
Investment Insights
Based on property information with market context.
This property consists of six 1-bedroom apartments, arranged as three duplexes, with all units currently rented. Each apartment is approximately 550 square feet. There is also a separate laundry building with washer and dryer furnished for the tenants.
The seller pays the electric and water for the laundry, estimated at $150–$175 per month. All three duplex buildings have new roofs installed within the last three years.
Interiors include vinyl tile and carpet on units #3–6, and wood laminate on units #1–2.
The seller pays the electric and water for the laundry, estimated at $150–$175 per month. All three duplex buildings have new roofs installed within the last three years.
Interiors include vinyl tile and carpet on units #3–6, and wood laminate on units #1–2.
Key Highlights
- Six 1‑bedroom apartments, 550 SF each, arranged as 3 duplexes (all rented)
- Separate laundry building with washer & dryer furnished for tenants; seller covers electric and water for laundry (apx. $150–$175/month)
- New roofs on all 3 duplexes installed within the last 3 years
Financial Insights For Multifamily LT 5
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 | $53.5k | $16.20 |
| − Vacancy | −$3.5k | −$1.05 |
| EGI | $50.0k | $15.15 |
| − OpEx | −$15.0k | −$4.54 |
| NOI | $35.0k | $10.60 |
3,300 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$499.9K
$437.4K – $583.2K
NOI $34,990 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$446.5K
$390.7K – $521.0K
NOI $31,257 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$793.0K
$693.9K – $925.2K
NOI $55,511 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Income property with six 1-bedroom apartments, plus a separate laundry building with washer and dryer furnished.
Where is this duplex located?
The property is located at 2715 FLETCHER AVENUE Eaton Park, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Six 1‑bedroom apartments, 550 SF each, arranged as 3 duplexes (all rented); Separate laundry building with washer & dryer furnished for tenants; seller covers electric and water for laundry (apx. $150–$175/month); New roofs on all 3 duplexes installed within the last 3 years
