5-Unit Multifamily
For Sale
$1,045,000
6801 Dickinson Drive, Sebring, FL 33872
Five rental residences built in 2023 include a mix of garage and non-garage layouts.
Property Size5,050 SF
Price / SF$206.93
Days on Market230
Property Features for 6801 Dickinson Drive
General Information
Standard status
Active
Size
5,050 SF
Property subtype
Multi-family
Units
Unit Mix
5 x 2BR/2BA
Multifamily Units
5
Building Details
Year Built
2023
Listing Agency:
ADVANTAGE REALTY 1
Listed By:
Benjamin Sommerville · License #3606976
(863) 414-8045
Source:
Realtygroupfl
Added: Mar 3
Changed: Oct 16
Last Checked: Oct 19 at 9:50AM
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 ADVANTAGE REALTY 1
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Investment Insights
Based on property information with market context.
This 5,050-square-foot multifamily portfolio includes five rental residences completed in 2023. The units are configured as 2/2 floor plans within a mix of half-duplex buildings, with both garage and non-garage options represented. Interiors feature modern cabinetry, quality countertops, coordinated finishes, and consistent design across the portfolio, while individual color selections may vary.
The property is located at 6801 Dickinson Drive in Sebring’s Sun 'n Lake community. Residents have access to nearby golf, medical facilities, recreation, shopping, and dining. The package offers an established group of residential rental units in a recognized Sebring community, with additional units available from the seller for potential package adjustments.
The property is located at 6801 Dickinson Drive in Sebring’s Sun 'n Lake community. Residents have access to nearby golf, medical facilities, recreation, shopping, and dining. The package offers an established group of residential rental units in a recognized Sebring community, with additional units available from the seller for potential package adjustments.
Key Highlights
- Five 2/2 rental units totaling 5,050 square feet
- Built in 2023
- Mix of half‑duplex units with garage and non‑garage floor plans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,386
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,720
$847.7K
Cap Rate 7%
$605,514
$605.5K
Cap Rate 9%
$470,956
$471.0K
Market Conditions
NOI Build-Up for 5,050 SF
Gross rent
$81.8K $16.20/SF
− Vacancy
−$4.7K −$0.94/SF
EGI
$77.1K $15.26/SF
− OpEx
−$34.7K −$6.87/SF
NOI
$42.4K $8.39/SF
Area
Highlands County, FL
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,720
Cap Rate 7%
$605,514
Cap Rate 9%
$470,956
Alternative Uses
Best Use
Apartment 5plus
$605.5K
$529.8K – $706.4K
NOI $42,386 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$919.3K – $1.23M
NOI $73,544 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
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Business Placement
Demographics for 33872, FL
13,167
Population
7,882
Households
1.7
Avg Household Size
62
Median Age
29%
College-Educated
91%
High-School Grad
22.7 sq mi
ZIP Area
580
Density / Sq Mi
$68,086
Median Household Income
$42,831
Median Earnings
$1,157
Median Rent
$193,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Five rental residences built in 2023 include a mix of garage and non-garage layouts.
Where is this multifamily property located?
The property is located at 6801 Dickinson Drive Sebring, FL.
What is the asking price?
The asking price for this property is $1,045,000.
What are key features of this property?
This property features: Five 2/2 rental units totaling 5,050 square feet; Built in 2023; Mix of half‑duplex units with garage and non‑garage floor plans
