Home » Sebring » 227 S Orange St, Sebring, FL 33870 | A11622220

227 S Orange St, Sebring, FL 33870 | For Sale

$2,295,000
Price has decreased by $205,000

Property Highlights

Listing ID A11622220 Status of this Listing: Active For Sale Property Type Residential Income (Multifamily 2-4) Triplex Building Area 15,684 Sqft/1457.09 m2 approx. Year Built 1960 Time of this property on Rebonus 99 Day(s)
31 Photos of this Property

227 S Orange St, Sebring, FL 33870

Property Description: 8 CAP 12 UNIT RENTAL PORTFOLIO! This exceptional investment opportunity is 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 (15,684 Total SF Leased), NO flood insurance required, 100% occupancy with no vacancy, Monthly rental income of $17,075 and Net Operating Income: $183,524. Seize this unparalleled investment with stable income and significant growth potential in a thriving community.

Useful Info

Previous Asking Price:$2,500,000
Original List Price:$2,500,000

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Levels:One
Construction Materials:
  • Block
Flooring:
  • Tile
  • Vinyl
Stories:1

Property Features

Waterfront:No
Roof:
  • Metal
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$21,376

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Property Tax Status:Tax Reflects No Exemptions

Terms

Documents Available:
  • Rent Rolls
  • Lease
Disclosures:
  • Owner Is Listing Agent
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Tenant
Buyer Possession:
  • Negotiable
Lease Considered:No

Community

Subdivision Name:Highlands Rental Portfolio
Senior Community:No

Parking

Parking Total Spaces:12
Covered Spaces:0

Utilities

Sewer:
  • Septic Tank
  • Public Sewer
Utilities Available:
  • Cable Available

More Details

Other Information:
Tax Information: Tax Reflects No Exemptions
Type of Association: None
Style: Triplex

Zoning and Legal

Tax Legal Description:PALMHURST SUB PER PB 1-PG 49 LOT 16 BLK 56
Real Estate Folio Number (Parcel Number):S-29-34-29-040-0560-0160
Zoning Description:r3

Listing History

Update/EventDate/Days
Published Date:July 11, 2024 4:24 pm
On Market Date:July 11, 2024
Price Change Date Time:August 26, 2024 1:54 pm
Last Important Update Description:Price Change
Date and Time of Last Important Update:August 26, 2024 1:54 pm
Status Last Changed:July 11, 2024 4:24 pm
Photos Last Modified:July 11, 2024 8:34 pm
Last Modified:September 30, 2024 9:16 pm
Days on the Market Reference Date:August 29, 2024
Days on the Market (updated on Last Modified*):49
Cumulative Days on the Market (updated on Last Modified**):49

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot
Number of Photos Count:31
Geographical Area:Other Geographic Area (Out Of Area Only)
Area:5940 Florida Other
Ref ID:1077372073
Courtesy of:IBuy SFL
Universal Property Id:US-12055-N-S29342904005600160-R-N

Location

Show Property Address:Yes
Street Name:Orange St
Street Number:227
Street Direction Prefix:S
Street Address:227 S Orange St
City : Sebring
State : Florida
Zip Code : 33870
County : Highlands
Full Address:227 S Orange St, Sebring, FL 33870
Latitude:N27° 29' 43.8''
Longitude:W82° 33' 49.8''

Neighborhood

Postal City:Sebring

Property Map