1000 S LAKE ANOKA Boulevard, FL 33825

About This Property

Breezeway Townhomes — an 18-unit, two-parcel townhome portfolio in Avon Park's Lake Anoka Village. 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 after expense 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.

Property Details

Property Type

Multi Family

Status

Active

MLS #

B26070131

Building Area

17,280 SF

Lot Size

42,850 SF

Year Built

1980

Zoning

R2

Units

18

Net Operating Income

$185,154

Days on Market

9

Price

$2,798,987