1403 E Alfred St

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Address: 1403 E Alfred St, Tavares, FL 32778, USA
Created date: February 1, 2024
Date last updated: June 11, 2024
  • Year 1 Scheduled Income $374,400
  • Assumable Loan
  • Salt Water Swimming Pool
  • Concrete Block Construction
  • Remodeled Laundry Room On-Site
  • Located Within Walking Distance to Downtown Tavares
  • Located Near New Marina in Downtown Tavares

Property Description

100Units.com presents Tavadora Apartments which is a 24 unit multifamily complex. The property is constructed of concrete block with pitched shingle roofing, consisting of 5 one-story apartment buildings with a total of approximately 17,623 gross square feet and is situated on 1.27 acres. The unit mix is 15 studios, 6 one bedroom one bath units and 3 two bedroom one bath units. Landlord is responsible for utilities for studios; 1 and 2 BR tenants pay own utilities. The property features a salt water swimming pool, a newly remodeled laundry room with an Amazon Locker and ample parking for tenants. Ideally located just outside of downtown Tavares and close to Mount Dora. Section 8 HUD Fair Market FY 2024: Studio $1,558, 1/1 $1,638, 2/1 $1,857. There are no rent restrictions on this property; Section 8 rents are shown to demonstrate the upside in the current rents. Assumable Freddie Mac financing, Balance: $1,100,000, Interest rate 3.68% Fixed, Monthly P&I Payment $5,509.83, Maturity Date: 10/1/2030, Amortization: 30 years, Servicer is KeyBank. Normal lender down payment requirements are 30-40%.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 24
Average Occupancy: 7.37
Year Built: 1980
Lot Size: 1.27 Sq ft
Opportunity Zone: No
Property Website Click Here
Address: 1403 E Alfred St, Tavares, FL 32778, USA
Provided by:

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