** Prime Investment Opportunity – 8 Units + Portfolio Option ** Introducing a fully renovated 8-unit income-producing property located on a large corner lot in Eagle Lake. The property consists of 7 apartment units and 1 detached single-family home, offering versatile rental options for steady cash flow. Built with a combination of concrete block and wood frame, this property underwent a complete renovation with a NEW roof in 2022, all new electrical, all new plumbing (CPVC & PEX), luxury vinyl plank (LVP) flooring, new appliances, countertops, tankless 30-gallon water heaters, and fresh interior/exterior paint. Every system and finish has been modernized to minimize maintenance and maximize return. This property has a proven rental history, leasing quickly due to its quality updates and prime location. Investors will also appreciate the opportunity to purchase it as part of a larger portfolio consisting of two additional single-family homes, totaling 10 units across 3 parcels. With rents in Eagle Lake increasing over 300 p ercent in the last decade and the current average rent hovering around $2,000, this property presents a rare chance to secure a total $73,000 NOI at a 7.29 cap rate for 8 units - due for 2026 rent increases for an extra $6,000 NOI. Other properties included in the optional portfolio: 652 N Jackson St. Don’t miss this exceptional opportunity to expand or establish your rental portfolio in one of Central Florida’s fastest-growing rental markets.
- Built in 1932
- $239.48/sqft
- Lot size: 13,586 sqft
- 249 days on market
- Directions: Drive 8 miles on US-17 S, stay south for .8 miles - property on the left hand side. 1 unit faces 4th St and the other units face Eagle Ave.
- County: Polk
- Geo subdivision:
Features
Interior
Exterior
Utilities
Structure
Pets, Accessibility & Amenities
Financial
Tax, Legal & Financing
Let's get in touch!
Let's get in touch!

Niles Harrison Pfeiffer
Central Florida REALTOR®
- Source: Stellar MLS
- MLS #: TB8424613
Listing updated: May 13, 2026 at 11:20PM
Listing provided by: Katie Patterson, COMPASS FLORIDA LLC
Last checked 20 hours ago
Listing provided by: Katie Patterson, COMPASS FLORIDA LLC
Last checked 20 hours ago
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website.







