227 Orange St, Sebring, FL 33870
- Small apartment buildings
- 17,430 SF
Current Use by Public Records
- Bruce E Mcmahan Handyman / Hardware & Home Improvement / General Contractor
- The Joy of Somer, LLC / Accounting Firm
Property Details for 227 Orange St
- Year built
- 1960
- Property type
- Small apartment buildings
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 20, 2023 | — | I Buy Capital | — | Deed · related | $172k · United Wholesale Mortgage |
| Jun 13, 2023 | $155,000 | Ibuy Capital LLC | Harry Enns | Warranty Deed | — |
| Feb 16, 2022 | — | Harry Enns | H & M Rental Housing LLC | Quitclaim Deed · related | — |
| Oct 25, 2017 | $34,800 | H & M Rental Housing LLC | Enns,harry R & Rose M | Warranty Deed | — |
| Oct 25, 2017 | — | Not Provided | H & M Rentals Housing LLC | Deed | — |
Description
This exceptional investment opportunity presents a 12-unit apartment building portfolio located in Sebring, Florida, within Highlands County. The property comprises nine individual parcels totaling 17,430 square feet on a 97,640 square foot lot and features a mix of apartment building and duplex/triplex/quadplex units, all currently 100% occupied. Built in 1960, this Class B property boasts a strong net operating income (NOI) of $183,524, resulting in an 8.00% cap rate. The asking price is $2,295,000, translating to $191,250 per unit and $131.67 per square foot. The property benefits from a recent, high-quality renovation in downtown Sebring, offering an attractive aesthetic. Its location provides proximity to the Sebring Racetrack and numerous lakes, while also being conveniently located within an hour of larger cities. No flood insurance is required. The property is subject to a ground lease and is being sold by the owner, iBuy Fund, LLC. Monthly rental income is $17,275. Most tenants pay their own utilities
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Sebring
- County
- Highlands
- State
- Florida
- Longitude
- -81.4361565
- Latitude
- 27.4954865
