Six-Unit Multifamily
601 S DIXIE Avenue Fruitland Park, FL 34731
601 S DIXIE Avenue, Fruitland Park, FL, 34731
$849,997
For Sale
$849,997
MULTI_FAMILY - FRUITLAND PARK, FL
Property Size4,856 SF
Lot Size0.68 Acres
Price / SF$175.04
Days on Market21
Property Features for 601 S DIXIE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-P
- Parking features
- Assigned
- Standard status
- Active
- APN
- 09-19-24-1200-00C-00200
- Size
- 4,856 SF
- Lot size
- 0.68 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- FRUITLAND PARK 1ST ADD DREAM LAKE LOTS 2, 3 E OF HWY, BLK C PB 3 PG 13 ORB 3331 PG 1524
- Tax Annual Amount
- 7213
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1973
- Floors in Building
- 1
- Number of units
- 6
- Building materials
- Block
- Roof type
- Shingle
Listing agency
LPT REALTY, LLC
(877) 366-2213
Listed by
Victor Avila · License #3372973
(407) 962-5738
Added: Jul 2 Updated: Jul 21 at 6:08PM Checked: Jul 21 at 11:06PM
MLS# S5152972
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale multifamily property featuring six total units in Fruitland Park, Florida. Three of the six units have been remodeled, with updated interiors. Several major capital items have been addressed, including brand-new roofs, most A/C systems replaced, and all water heaters newly installed.
The property is located at 601 S Dixie Avenue in Lake County. The site has a reported lot size of 0.68 acres, and the building area is listed at 4,856 square feet. Zoning is designated as R-P.
This is a straightforward income-producing asset with a completed renovation and replacement scope covering key building systems, which can help reduce near-term maintenance needs for an owner.
The property is located at 601 S Dixie Avenue in Lake County. The site has a reported lot size of 0.68 acres, and the building area is listed at 4,856 square feet. Zoning is designated as R-P.
This is a straightforward income-producing asset with a completed renovation and replacement scope covering key building systems, which can help reduce near-term maintenance needs for an owner.
Key Highlights
- 6‑unit multifamily property built in 1973 with block construction
- Brand‑new roofs, with most A/C systems replaced and all water heaters new
- Central heating and central air cooling across the property
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 | $116.0k | $23.88 |
| − Vacancy | −$7.5k | −$1.55 |
| EGI | $108.4k | $22.33 |
| − OpEx | −$48.8k | −$10.05 |
| NOI | $59.6k | $12.28 |
4,856 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$851.9K
$745.4K – $993.9K
NOI $59,633 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,732 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - For sale six-unit multifamily property with partial unit remodeling and multiple major replacements, including roofs, A/C, and water heaters.
Where is this apartment building located?
The property is located at 601 S DIXIE Avenue Fruitland Park, FL.
What is the asking price?
The asking price for this property is $849,997.
What are key features of this property?
This property features: 6‑unit multifamily property built in 1973 with block construction; Brand‑new roofs, with most A/C systems replaced and all water heaters new; Central heating and central air cooling across the property
