6213 Candler Terrace, Sebring, FL 33876
Local realty services provided by:CENTURY 21 Real Estate Champions
Listed by: benjamin sommerville, gregory karlson
Office: advantage realty 1
MLS#:L4961924
Source:MFRMLS
Price summary
- Price:$499,900
- Price per sq. ft.:$131.83
About this home
INVESTOR ALERT – PRICED FOR FAST SALE AT AN 8% PROFORMA CAP RATE! Rare opportunity to acquire an impeccably maintained, 100% occupied 4-Plex in the rapidly growing Spring Lake/Sebring market near the golf course, Sebring International Raceway, and Sebring Regional Airport. This high-demand rental location continues to benefit from migration from Florida’s coastal cities as buyers and renters seek the affordable lifestyle, natural beauty, spring-fed lakes, and quiet country living of the Lake Wales Ridge area. All four spacious 2BR/2BA units offer approximately 949 SF and remain consistently rented below current market rates, creating immediate built-in upside for investors. Current rents range from $1,100-$1,150/month with strong long-term tenants already in place. Simple rent adjustments of only $100 per unit could significantly increase NOI and future valuation potential while still remaining competitive in today’s market. Property has been exceptionally maintained with a New roof installed 2018, all 4 units have new HVAC & Waters heaters. Turnkey condition allows investors to cash flow immediately while implementing value-add improvements over time. Additional upside opportunities include: • Light cosmetic upgrades such as granite countertops and interior enhancements to push rents even higher • Potential future condo conversion opportunity with firewall-ready layout offering substantial resale upside • Strong long-term appreciation potential as Sebring growth accelerates around the Raceway, airport expansion, and recreational development • Excellent depreciation benefits and wealth-building hold strategy over the next 5-7 years Projected value-add scenarios could create substantial equity growth through improved rents, appreciation, and potential condo sellout strategy. Whether you are seeking immediate income, long-term appreciation, or future redevelopment upside, this property checks every box. Opportunities like this at an attractive cap rate are becoming increasingly difficult to find in Central Florida. Don’t miss your chance to secure a stabilized multifamily asset with major upside potential in one of Florida’s hidden growth markets! All buyer's must sign CA for financials and before any showing MUST provide a bilaterally signed purchase agreement on acceptable price and terms PRIOR to any Showings along with prequalification(s)/Proof of Funds....
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Home facts
- Year built:1983
- Listing ID #:L4961924
- Added:1 day(s) ago
- Updated:May 16, 2026 at 12:35 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Full bathrooms:8
- Flooring:Tile
- Kitchen Description:Convection Oven, Dishwasher, Refrigerator
- Bedroom Description:Primary Bedroom Main Floor
- Basement Description:Block
- Living area:3,792 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1983
- Building area:3,792 sq. ft.
- Lot area:0.5 Acres
- Construction Materials:Block
- Foundation Description:Block
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Septic Tank
Finances and disclosures
- Price:$499,900
- Price per sq. ft.:$131.83
- Tax amount:$5,133 (2025)
Features and amenities
- Appliances:Convection Oven, Dishwasher, Electric Water Heater, Refrigerator
- Laundry features:Inside
- Amenities:Ceiling Fans(s), Primary Bedroom Main Floor, Thermostat
- Pool features:Public Pool
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