Property Description

Breezeway Townhomes - an 18-unit, two-parcel townhome portfolio in Avon Park's Lake Anoka Village, offered at $2,797,987 ($155,444/unit). Built in 1985, the property has been extensively remodeled with little deferred maintenance and features durable metal roofs throughout. All 18 units share a consistent 2 bedroom / 1.5 bath floor plan, each with an oversized private lanai - a distinguishing feature rarely found in this submarket. Situated on two 0.49-acre parcels (1000 & 1001 S Lake Anoka Blvd), zoned R2, with city water and city sewer. Current in-place rents run well below market, generating $185,154 in net operating income (6.62% cap rate), with a clear, ownership-modeled path to $218,211 NOI as units turn - 14%+ upside in gross rental income before broader market rent growth. Located in a growing Central Florida submarket, with population and household growth of 5.6%-6.8% projected through 2030 within a 1-5 mile radius.

Property Features