Income Property with Rental
3211 LAKESHORE Blvd, Saint Cloud, FL 34769
For Sale
$1,249,900
2021-built income property featuring four separate rental units.
Property Size4,531 SF
Lot Size0.97 Acres
Price / SF$182.20
Days on Market249
Property Features for 3211 LAKESHORE Blvd
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
KELLER WILLIAMS LEGACY REALTY
Listed By:
Teresa Reilly-O'Doherty · License FL #476746
(407) 908-6671
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 2:17PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2021-built income property is designed for investors and owner-operators. The property features a total of 5 bedrooms and 5.5 baths, and is comprised of 4 separate rental units, each with its own private entrance. The property spans 6,860 square feet and includes a communal space with a 31 ft x 31 ft living/family room connected to a kitchen and dining area.
Key Highlights
- Built in 2021, offering modern construction.
- Consists of 4 separate rental units.
- Features 5 bedrooms and 5.5 baths.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,666
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,693,320
$1.7M
Cap Rate 7%
$1,209,514
$1.2M
Cap Rate 9%
$940,733
$940.7K
Market Conditions
NOI Build-Up for 6,860 SF
Gross rent
$164.6K $24.00/SF
− Vacancy
−$10.7K −$1.56/SF
EGI
$153.9K $22.44/SF
− OpEx
−$69.3K −$10.10/SF
NOI
$84.7K $12.34/SF
Area
Osceola County, FL
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,693,320
Cap Rate 7%
$1,209,514
Cap Rate 9%
$940,733
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,666 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.12M
$1.86M – $2.47M
NOI $148,485 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Explore this area
Business Placement
Demographics for 34769, FL
27,594
Population
11,070
Households
2.5
Avg Household Size
40
Median Age
24%
College-Educated
89%
High-School Grad
10.6 sq mi
ZIP Area
2,603
Density / Sq Mi
$58,764
Median Household Income
$35,776
Median Earnings
$1,400
Median Rent
$271,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - 2021-built income property featuring four separate rental units.
Where is this apartment building located?
The property is located at 3211 LAKESHORE Blvd 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: Built in 2021, offering modern construction.; Consists of 4 separate rental units.; Features 5 bedrooms and 5.5 baths.
