Solid block fourplex in Auburndale (Lake Hart Estates) offering strong current cash flow and clear value-add upside. With lake views in front of Lake Ariana and in Flood Zone X.
4 units, each 2 bed / 1 full + 1 half bath, totaling 4,352 sq ft. Currently fully occupied with total gross rents of $5,300/month ($63,000 annually).
Current leases:
• Unit 201 – $1,350 – expires 11/30/26
• Unit 205 – $1,300 – expires 9/1/27
• Unit 209 – $1,300 – expires 4/30/27
• Unit 213 – $1,350 – expires 5/31/27
Tenants pay all utilities.
2025 taxes: $5,982 | Insurance: $5,910 | Lawn: $80/mo.
Rents are slightly below market, providing upside potential with unit updates. Solid brick construction, new development next door, and desirable location.
Showing Instructions:
48-hour notice required. Property is fully occupied. Please coordinate all showings in advance.