Movoto Real Estate
Sold on 10/06/2023
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616 Bowman Ave, Sebring, FL 33870

$285,000

Last sold 10/06/2023 for $390K

  • bed

  • bath

  • 2,734

    Sqft ($143/Sqft)

Multi-family not for sale

About 616 Bowman Ave

Property type Multi-family
Neighborhood
Year built 1924
HOA fee $0/month
Lot size 0.26 Acre
Movoto estimate
Rental estimate
Property description
Rare opportunity to purchase a turnkey quadplex with seller having renovated all the units! This property is unique in that it has 3 buildings with each unit having a new washer/ dryer included as well as separate water and power meters. The master parcel is 616 Bowman Ave but each unit has its own street mailing address. Building 1 is a duplex with two two bed 1 bath units for 616 and 618 Bowman Ave, the building in the middle is 620 Bowman Ave and is a 1/1 with mini splits for AC/ heat, and the main house on the right is 622 Bowman Ave and it's a 2/1. There is also a fifth water meter on site with the potential to add a fifth or possibly fifth and sixth unit to the right of the main house. Seller just completed interior renovations with each unit getting new water heaters, AC, washer, dryer, and refrigerators as needed.3 of the 4 units are rented on annual leases with the 1/1 still available for $900 a month. Please inquire for property financials!
Listed by
Listing Agent - Michael Holmes
Listing Agent Contact: 813-702-1550
Listing Office - 27NORTH REALTY
Source: Stellar MLS mls logo
MLS#T3421846 • last updated 2 years ago
Movoto checked Stellar MLS for data 21 minutes ago
Overview
Heating Central
Levels/Style One
Type Residential Income
SubType Quadruplex
Status Sold
MLS # T3421846
SqFt 2734
Lot Size (Acres) 0.26
Lot Size (SqFt) 11400
Property Tax 2884.32
Year Built 1924
Condition Completed
Interior
Laundry Laundry Room
Interior Features Thermostat
Exterior
Exterior Awning(s), Balcony, Fence, Lighting, Private Mailbox, Rain Gutters
Roof Shingle
Amenities / Utilities
Utilities Desc Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Sewer Public Sewer
Location
County Highlands
Subdivision RPLT PORT TOWN OF SEB ADD 5
APN S-29-34-29-050-00E0-0210
Zoning R4
Multifamily Details
Total # of Units 4
Financial Data Source Owner
Annual Gross Income 52800
Lot/ Land Details
Road Surface Type Asphalt
$285K
Range: $171K-$399K
Last 30 days 
Rental est.: $1,425/month
Gross rent multiplier: 22.8
  • Dec 2023
    mls logo MLS # T3421846
  • Dec 15, 2023 Sold
    $390,000 (-16.1%)
  • Oct 14, 2023 Pending
  • Aug 16, 2023 Price Change
    $465,000 (-4.1%)
  • Jul 28, 2023 Listed
  • Jul 21, 2023 Pending
  • May 27, 2023 Listed
  • Mar 18, 2023 Pending
  • Feb 7, 2023 Price Change
    $485,000 (-5.8%)
  • Jan 7, 2023 Listed
    $515,000
  • Aug 2022
    mls logo MLS # T3398850
  • Aug 26, 2022 Listed
    $515,000
  • Year Property taxes Tax assessment
  • 2024
    $4,683 +1.9%
    $160,208
  • 2023
    $4,594 +48.6%
    $160,208 +40.82%
  • 2022
    $3,092 +7.2%
    $113,764 +12.88%
  • 2021
    $2,884 +20.0%
    $100,782 +41.79%
  • 2020
    $2,403 +5.8%
    $71,077 +11.5%
  • 2019
    $2,272 +5.2%
    $63,746 +3.09%
  • 2018
    $2,159 +5.1%
    $61,834 +1.65%
  • 2017
    $2,054 +4.1%
    $60,831 +2.16%
  • 2016
    $1,972 +10.1%
    $59,546
  • 2015
    $1,791
  • 616 Bowman Ave
    $390K
  • 33870 - Sebring
  • 33870
    $235K -5% y/y
  • Sebring
    $289K 0% y/y
No chart available
Statistics calculated by Movoto

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3/10
Sebring High School
public Grades PK, 9-12
Highlands
4/10
5/10
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • FL
  • Highlands County
  • Sebring
  • 33870
  • 616 Bowman Ave
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