Discover prime investment potential with this exceptional multi-unit apartment complex, ideally situated within walking distance to the charming historical downtown of Sebring. Boasting proximity to shopping boutiques and dining establishments, this property offers unparalleled convenience for tenants seeking a vibrant lifestyle. The complex's proximity to the serene shores of Lake Jackson adds to its allure, offering residents easy access to the lake's swimming beach and recreational activities. Whether enjoying a leisurely stroll downtown or unwinding by the lakeside, this location epitomizes the perfect blend. Invest in the future of downtown Sebring with this exceptional opportunity to own a multi-unit apartment complex that promises not only robust rental income but also a coveted lifestyle for tenants. Don't miss out on this chance to capitalize on Sebring's growing appeal and secure your stake in its flourishing real estate market. Property Manager lives on site. Currently two vacancies.
CondoProperty Type
1969Year Built
0.38 acresLot Size
Listed by SEBRING NON MLS• NON-MLS OFFICE
Bought with Drew Bishop• Keller Williams Realty Fort Myers and the Islands
Ready for a turn key investment, this is it. 24 one bedroom / one bath units just off the circle in Sebring, Florida. All the units are rented, many with long term tenants. Many of the units have been completely remodeled with new ceramic tile floors, new kitchen cabinets, countertops and appliances. Owner wants to retire making this a rare opportunity. Units stay mostly rented at an average of $475 - $500 per month. There is one water meter and owner currently pays water. Each tenant pays electric per unit. At the time of sale there were 2 vacant units.
Stellar MLS as Distributed by MLS Grid #L4915200
Oct 6, 2020
Sold
$885,000
Apr 19, 2020
Listed
$900,000
Ready for a turn key investment, this is it. 24 one bedroom / one bath units just off the circle in Sebring, Florida. All the units are rented, many with long term tenants. Many of the units have been completely remodeled with new ceramic tile floors, new kitchen cabinets, countertops and appliances. Owner wants to retire making this a rare opportunity.
Public Records
Aug 1, 2016
Sold
$470,000
Public Records
Mar 25, 2014
Sold
$425,000
HAOR as distributed by MLS GRID #227882
Mar 24, 2014
Sold
$420,000
Nov 5, 2013
Listed
$490,000
Public Records
May 5, 2006
Sold
$850,000
Public Records
May 8, 2000
Sold
$265,000
Public Records
Sep 1, 1991
Sold
$186,000
Year
Property tax
Land + Additions
Assessment*
2025
$26,269 (+11.1%)
2024
$23,653 (+7.6%)
2023
$21,975 (+14.8%)
2022
$19,134 (+11.7%)
2021
$17,135 (+27.7%)
$495,135
2020
$13,413 (−4.2%)
$27,253 + $345,497
$372,750
2019
$14,000 (+8.6%)
$27,253 + $373,386
$400,639
2018
$12,888 (+1.2%)
$27,253 + $373,386
$400,639
2017
$12,734 (+6.3%)
$27,253 + $340,538
$367,791
2016
$11,976 (+16.8%)
$27,253 + $305,058
$332,311
2014
$10,256
$27,253 + $4,884
$32,137
Tax history for 419 Grapefruit Ave
Year
Property tax
Land + Additions
Assessment*
2025
$26,269 (+11.1%)
2024
$23,653 (+7.6%)
2023
$21,975 (+14.8%)
2022
$19,134 (+11.7%)
2021
$17,135 (+27.7%)
$495,135
2020
$13,413 (−4.2%)
$27,253 + $345,497
$372,750
2019
$14,000 (+8.6%)
$27,253 + $373,386
$400,639
2018
$12,888 (+1.2%)
$27,253 + $373,386
$400,639
2017
$12,734 (+6.3%)
$27,253 + $340,538
$367,791
2016
$11,976 (+16.8%)
$27,253 + $305,058
$332,311
2014
$10,256
$27,253 + $4,884
$32,137
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
1
Baths
24
Stories
2
Lot width
90 ft.
Lot depth
106 ft.
Lot size
0.37 Acres
Year renovated
1980
Sq. Ft.
9,680
Year built
1969
Style
Multi-Family (5+ Unit)
County
Highlands County
APN
S29342907003400021
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 22, 2026.
Property details
Interior
Bathroom Information
# of Full Bathrooms: 24
Heating & Cooling
Has Cooling
Cooling: Central Air, Electric
Has Heating
Heating: Central, Electric
Interior Features
Flooring: Other
Exterior
Exterior Features
Roof: Rolled/Hot Mop
Pool Information
Pool Features: None
Building Information
Levels: Two
Construction Materials: Block, Concrete
Property Information
Property Type: Residential Income
Property Sub Type: Apartment
Raw Mls Property Sub Type: Apartment
Lot Information
Frontage Length: 90
Road Surface Type: Paved
Lot Size : 0.38
Lot Size Area: 0.38
Lot Size Units: Acres
Lot Size Acres: 0.38
Zoning Description: C1
Financial
Tax Information
Tax Annual Amount: $23,652.57
Utilities
Utility Information
Water Source: Public
Utilities: Sewer Available
Sewer: Public Sewer
Location
Location Information
Directions: 209 N Ridgewood Dr, Sebring Head south on FL-17 / N Ridgewood Dr toward N Mango St Make a U-turn 299 ft Turn right onto N Pine St 351 ft Turn left onto Grapefruit Ave
Public facts
Beds: 1
Baths: 24.0
Sq. Ft.: 9,680
Stories: 2.0
Lot Size: 0.37 acres
Style: Multi-Family (5+ Unit)
Year Built: 1969
Year Renovated: 1980
County: Highlands County
APN: S29342907003400021
Home facts updated by county records on Jun 22, 2026
Other
Listing Information
List AOR: HeartlandAssociationOfRealtors
Around this home
Schools
Woodlawn Elementary School
Public PreK-5 • Assigned • 0.6mi
6/10
Sebring Middle School
Public 6-8 • Assigned • 0.2mi
5/10
Sebring High School
Public PreK-12 • Assigned • 0.9mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
4/10 Flood Factor
Estimated 19-29% chance of a flood reaching the building in the next 30 years
5/10 Fire Factor
3% chance of being in a wildfire in next 30 years
9/10 Heat Factor
7 days above 108° expected this year, 24 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Sebring, FL • 33870
Average low and high temperatures (°F)
71
50
77
55
82
59
85
65
91
71
92
73
92
74
91
75
90
75
84
69
80
60
76
56
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 6.7 hours in December, placing it above the
U.S. average for solar exposure.