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32837276
32823361

6213 Candler Terrace, Sebring, FL 33876

Advantage Realty #1
Advantage Realty #1
Listed by Advantage Realty #1
$499,900
12 days on market
Updated 12 days ago

6213 CANDLER TERRACE

Details
APN C-15-35-30-010-00A0-0030
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,792
Units 4
Beds 8
NOI $36,960
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.00%
Price per SqFt $132
Year Built 1983
Buildings 1
Acreage 0.510
Zoning R3
Investment Type Stabilized
Ownership Fee Simple

Multifamily | 4 Units

Marketing description

INVESTOR ALERT - PRICED FOR FAST SALE AT AN 8% PROFORMA CAP RATE! Rare opportunity to acquire a well-maintained, 100% occupied 4-Plex in the growing Spring Lake/Sebring market near the golf course, Sebring International Raceway, and Sebring Regional Airport. This high-demand rental location continues to attract buyers and renters seeking the affordable lifestyle, natural beauty, spring-fed lakes, and relaxed atmosphere of the Lake Wales Ridge area. All four spacious 2BR/2BA units offer approximately 949 SF and are currently rented at $1,100-$1,150 per month, presenting future upside potential through rent adjustments while remaining competitive within the local market. The property has seen extensive capital improvements, including a new roof installed in 2018, updated HVAC systems in all four units, and updated water heaters throughout the property. HVAC replacements include units 6213, 6215, and 6217 in 2021, with unit 6219 replaced in 2018. Water heater replacements include unit 6219 in 2019, unit 6217 in 2021, unit 6215 in 2022, and unit 6213 in 2024. Turnkey condition allows investors to generate immediate income while maintaining long-term flexibility for future improvements. Additional potential opportunities may include cosmetic interior upgrades and continued rental growth over time. Conveniently located near recreational amenities, golf, shopping, dining, and major transportation corridors, this property offers a strong combination of occupancy, location, and long-term investment potential in the Sebring market. Proof of funds or prequalification required prior to showings.

Investment highlights

  • INVESTOR ALERT - PRICED FOR FAST SALE AT AN 8% PROFORMA CAP RATE!
  • Rare opportunity to acquire a well-maintained, 100% occupied 4-Plex in the growing Spring Lake/Sebring market near the golf course, Sebring International Raceway, and Sebring Regional Airport
  • High-demand rental location continues to attract buyers and renters seeking the affordable lifestyle, natural beauty, spring-fed lakes, and relaxed atmosphere of the Lake Wales Ridge area
  • All four spacious 2BR/2BA units offer approximately 949 SF and are currently rented at $1,100-$1,150 per month, presenting future upside potential through rent adjustments while remaining competitive within the local market
  • Extensive capital improvements, including a new roof installed in 2018, updated HVAC systems in all four units, and updated water heaters throughout the property
  • HVAC replacements include units 6213, 6215, and 6217 in 2021, with unit 6219 replaced in 2018
  • Water heater replacements include unit 6219 in 2019, unit 6217 in 2021, unit 6215 in 2022, and unit 6213 in 2024
  • Turnkey condition allows investors to generate immediate income while maintaining long-term flexibility for future improvements
  • Additional potential opportunities may include cosmetic interior upgrades and continued rental growth over time
  • Conveniently located near recreational amenities, golf, shopping, dining, and major transportation corridors
  • Strong combination of occupancy, location, and long-term investment potential in the Sebring market

Listing Contacts

Advantage Realty #1
Advantage Realty #1
Listed by Advantage Realty #1

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,960.00
$3,080.00/mo

Valuation Metrics

0
DSCR
7.39%
Cap Rate
7.39%
ROI

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