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227 S Orange Street

Sebring, FL 33870

28 beds
20 baths
– sqft
~2 acre lot
1960 build
– on site

8 Cap 12 UNIT EXPERIENCED RENTAL PORTFOLIO! This exceptional investment opportunity is strategically located throughout Highlands County, offering proximity to the Sebring Racetrack and scenic lakes perfect for boating and fishing. The property benefits from an HGTV-style makeover in downtown Sebring and is just one hour from major cities, providing a unique blend of convenience and charm. Key features of this portfolio are 9 individual parcels comprising 12 rental units (17,430 Total SF Leased), NO flood insurance required, 100% occupancy with no vacancy, Monthly rental income of $17,075 and Net Operating Income: $183,523.52. Most tenants are responsible for their utilities. The owner pays for water and landscaping at the triplex on Orange St. and landscaping at the memorial. All units are currently leased with tenants willing to renew at higher rates, ensuring promising rent growth and appreciation in Highlands County, FL. Note: No showings without an executed contract. Please do not disturb tenants. Seize this unparalleled investment with stable income and significant growth potential in a thriving community.

Listing courtesy of HMLS_FL / IBUY SFL

Last checked: Checking… • Last updated Sep 30, 2024 •

MLS# 306505 —

The Building

Year Built:

1960
Architectural Style:

One Story
Roof:

Metal, Shingle
Levels:

One
Stories:

1
Construction Materials:

Block, Concrete

Interior

Flooring:

Tile, Vinyl

Location

Directions:

Throughout highlands county

The Property

Parcel Number:

S-29-34-29-040-0560-0160
Property Type:

Residential Income
Property Subtype:

Apartment
Property Subtype Additional:

Apartment
Property Condition:

Excellent, Resale
Lot Size Acres:

2.2
Lot Size Area:

2.2
Lot Size Square Feet:

97640
Lot Size Units:

Acres
Zoning Description:

r3
Road Surface Type:

Paved

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

21376

Beds

Bedrooms Total:

28

Baths

Bathrooms Total:

20
Bathrooms Full:

20

The Listing

Virtual Tour URL Branded:

https://www.propertypanorama.com/instaview/heartland/306505
Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/heartland/306505

Heating & Cooling

Heating:

Central, Electric
Heating:

Yes
Cooling:

Yes
Cooling:

Central Air, Electric

Utilities

Utilities:

Sewer Not Available
Sewer:

Public Sewer, None, Septic Tank
Water Source:

Public, Private, Well

The Community

Pool Features:

None
Association:

No
Number Of Units In Community:

12

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
8/26/24 Aug 26, 2024	Price Changed	HMLS_FL	$2,295,000	-8.2%
7/11/24 Jul 11, 2024	Listed / Active	HMLS_FL	$2,500,000
6/13/23 Jun 13, 2023		HMLS_FL	$155,000

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This multifamily located in Sebring, FL 33870 is currently for sale for $2,295,000. 227 S Orange Street is a – square foot multifamily with 28 beds and 20 baths that has been on Estately for 133 days. This multifamily is in the attendance area of Woodlawn Elementary School, Hill-Gustat Middle School, and Sebring High School.

Listing Courtesy of: HMLS_FL and IBUY SFL.

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