4702 Mercado Dr · Avon Park, FL 33872

$614,900

9 bd · 5.1 ba · — sqft · MultiFamily · 57 Days on market

Built 1985 Good condition 0.29 ac lot

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +22.8/30.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• 1% rule +6.0/10.0
• Condition / age +3.8/5.0
• Schools +3.6/10.0
• Livability +3.6/5.0
• Rent growth +2.9/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

Discover a golden opportunity in the coveted Sun 'n Lake community of Sebring. This impressive triplex beckons smart investors with its potential for strong returns. Renovated units, impact-resistant windows, a whole-home generator, and a strategic location combine to create an unmissable income-generating property: Versatility Defined: The triplex offers a mix of accommodations, including a spacious 4-bedroom unit with 2 bathrooms, an inviting 2-bedroom unit with 2 bathrooms, and an additional cozy 2-bedroom unit with 1 bathroom. This versatility appeals to a range of tenants, maximizing your rental prospects. Modern Comfort: All units underwent renovations in 2017 or later, ensuring a contemporary living experience for occupants. Weather Any Storm: Impact-resistant windows and hurricane shutters adorn all units, guaranteeing safety and security during inclement weather. Whole-Home Generator: Unit 2 is equipped with a whole-home generator, providing uninterrupted power supply and peace of mind. Enhanced Value: The roof replacement in 2022 not only ensures durability but also enhances the property's overall value. Location Advantage: Positioned within Sun 'n Lake, the triplex enjoys proximity to essential amenities, making it an enticing choice for tenants seeking convenience and comfort. Invest with foresight and secure your slice of the dynamic Sebring market. This triplex promises a solid foundation for your investment goals. Reach out today to arrange a personalized viewing!

Key facts

• Hurricane shutters
• Whole home generator
• Prime location

Tags

• FULLY RENOVATED TRIPLEX
• IMPACT RESISTANT WINDOWS
• HURRICANE SHUTTERS
• NEW ROOF
• WHOLE HOME GENERATOR
• PRIME LOCATION

Property features AI

Finance

• Financial info: Annual tax amount listed

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential income property; One level
• Construction: Block and concrete construction; Shingle roof
• Exterior features: Paved road frontage; Frontage length approximately 78 feet; Lot zoned R3NC

Interior

• Bedrooms: One unit with 4 bedrooms; One unit with 2 bedrooms; One unit with 2 bedrooms
• Flooring: Tile
• Bathrooms: Five full bathrooms (total); One unit with 2 bathrooms; One unit with 1 bathroom; One unit with 2 bathrooms
• Heating & cooling: Central electric heating; Central electric cooling
• Interior features: Tile flooring; Central electric heating and cooling

What this means for you Summary

Snapshot

• This is a 3 × 3-bed/1.7-bath units multifamily listed at $615k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive. Per door: $357/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($7k rent vs $615k).
• Recommended offer: $596k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 3.8% in Avon Park — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 71/100 on livability (#407 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, schools F, amenities F.
• Highlands (other): math 45% / reading 43% proficiency, ranked #54 of 73 in FL (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.6%/yr); 703 active listings in the ZIP; 980 units permitted in Highlands County in 2024 (80 in 5+ unit buildings).
• At $6,735/mo this rent would consume 116% of the median local household income ($70k/yr) (locally 222% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $18k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($596k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $596,453 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.10% ✓
• Cap rate: 8.38%
• Cash-on-cash: 7.47%
• DSCR: 1.33
• GRM: 7.6

CMA / ARV

No comps found within radius.

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4715 Leucadendra Dr	0.09mi	8/8.0 (-1)	1,904	7mo	$250,000	$131	61

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.65% rent growth · sell at horizon

5-year hold

• IRR: -6.4%
• Equity multiple: 0.77×
• Total profit: $-40,340
• Equity at exit: $91,684

10-year hold

• IRR: 1.5%
• Equity multiple: 1.10×
• Total profit: $17,088
• Equity at exit: $53,165

Cash invested: $172,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33872

• Home prices YoY: -25.8%
• Rents YoY: 1.6%
• Active inventory: 703
• Price-to-rent: 22.8×

Monthly cashflow live

• Estimated rent: $6,735 medium
• Mortgage (P&I): −$3,225
• Tax est. 1.5%: −$769 /mo · $9,224/yr
• Insurance: −$256
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,414
• Net cashflow: $1,071

Break-even live

Break-even rent $5,379

Max offer price $614,900

Occupancy floor 79%

Sensitivity live

Price	-10% $1,496	-5% $1,284	+0% $1,071	+5% $859	+10% $646
Rent	-10% $539	-5% $805	+0% $1,071	+5% $1,337	+10% $1,603
Rate	-1.0pp $1,381	-0.5pp $1,228	base $1,071	+0.5pp $912	+1.0pp $750

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	3	1.7	$6,735
Total (3 units)			$6,735

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $153,725
• Closing costs: $18,447
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-21
   days on market $614,900 Active 57 DOM
2. 2026-06-19
   days on market $614,900 Active 55 DOM
3. 2026-06-18
   days on market $614,900 Active 54 DOM
4. 2026-06-17
   days on market $614,900 Active 53 DOM
5. 2026-06-16
   days on market $614,900 Active 52 DOM
6. 2026-06-15
   days on market $614,900 Active 51 DOM
7. 2026-06-14
   days on market $614,900 Active 49 DOM
8. 2026-06-10
   days on market $614,900 Active 46 DOM
9. 2026-06-09
   days on market $614,900 Active 45 DOM
10. 2026-06-08
    days on market $614,900 Active 44 DOM
11. 2026-06-07
    days on market $614,900 Active 43 DOM
12. 2026-06-02
    days on market $614,900 Active 38 DOM
13. 2026-06-01
    days on market $614,900 Active 37 DOM
14. 2026-05-31
    days on market $614,900 Active 36 DOM
15. 2026-05-30
    days on market $614,900 Active 35 DOM
16. 2026-04-24
    listed $614,900 Active
17. 2026-04-04
    price $614,990
18. 2024-07-01
    soldstatus $550,000 Closed 1503-char remark

    Show marketing remark (1503 chars)

    Discover a golden opportunity in the coveted Sun 'n Lake community of Sebring. This impressive triplex beckons smart investors with its potential for strong returns. Renovated units, impact-resistant windows, a whole-home generator, and a strategic location combine to create an unmissable income-generating property: Versatility Defined: The triplex offers a mix of accommodations, including a spacious 4-bedroom unit with 2 bathrooms, an inviting 2-bedroom unit with 2 bathrooms, and an additional cozy 2-bedroom unit with 1 bathroom. This versatility appeals to a range of tenants, maximizing your rental prospects. Modern Comfort: All units underwent renovations in 2017 or later, ensuring a contemporary living experience for occupants. Weather Any Storm: Impact-resistant windows and hurricane shutters adorn all units, guaranteeing safety and security during inclement weather. Whole-Home Generator: Unit 2 is equipped with a whole-home generator, providing uninterrupted power supply and peace of mind. Enhanced Value: The roof replacement in 2022 not only ensures durability but also enhances the property's overall value. Location Advantage: Positioned within Sun 'n Lake, the triplex enjoys proximity to essential amenities, making it an enticing choice for tenants seeking convenience and comfort. Invest with foresight and secure your slice of the dynamic Sebring market. This triplex promises a solid foundation for your investment goals. Reach out today to arrange a personalized viewing!

19. 2024-05-03
    historical Active Under Contract 1503-char remark

    Show marketing remark (1503 chars)

    Discover a golden opportunity in the coveted Sun 'n Lake community of Sebring. This impressive triplex beckons smart investors with its potential for strong returns. Renovated units, impact-resistant windows, a whole-home generator, and a strategic location combine to create an unmissable income-generating property: Versatility Defined: The triplex offers a mix of accommodations, including a spacious 4-bedroom unit with 2 bathrooms, an inviting 2-bedroom unit with 2 bathrooms, and an additional cozy 2-bedroom unit with 1 bathroom. This versatility appeals to a range of tenants, maximizing your rental prospects. Modern Comfort: All units underwent renovations in 2017 or later, ensuring a contemporary living experience for occupants. Weather Any Storm: Impact-resistant windows and hurricane shutters adorn all units, guaranteeing safety and security during inclement weather. Whole-Home Generator: Unit 2 is equipped with a whole-home generator, providing uninterrupted power supply and peace of mind. Enhanced Value: The roof replacement in 2022 not only ensures durability but also enhances the property's overall value. Location Advantage: Positioned within Sun 'n Lake, the triplex enjoys proximity to essential amenities, making it an enticing choice for tenants seeking convenience and comfort. Invest with foresight and secure your slice of the dynamic Sebring market. This triplex promises a solid foundation for your investment goals. Reach out today to arrange a personalized viewing!

20. 2024-04-06
    price $624,900 1503-char remark

    Show marketing remark (1503 chars)

    Discover a golden opportunity in the coveted Sun 'n Lake community of Sebring. This impressive triplex beckons smart investors with its potential for strong returns. Renovated units, impact-resistant windows, a whole-home generator, and a strategic location combine to create an unmissable income-generating property: Versatility Defined: The triplex offers a mix of accommodations, including a spacious 4-bedroom unit with 2 bathrooms, an inviting 2-bedroom unit with 2 bathrooms, and an additional cozy 2-bedroom unit with 1 bathroom. This versatility appeals to a range of tenants, maximizing your rental prospects. Modern Comfort: All units underwent renovations in 2017 or later, ensuring a contemporary living experience for occupants. Weather Any Storm: Impact-resistant windows and hurricane shutters adorn all units, guaranteeing safety and security during inclement weather. Whole-Home Generator: Unit 2 is equipped with a whole-home generator, providing uninterrupted power supply and peace of mind. Enhanced Value: The roof replacement in 2022 not only ensures durability but also enhances the property's overall value. Location Advantage: Positioned within Sun 'n Lake, the triplex enjoys proximity to essential amenities, making it an enticing choice for tenants seeking convenience and comfort. Invest with foresight and secure your slice of the dynamic Sebring market. This triplex promises a solid foundation for your investment goals. Reach out today to arrange a personalized viewing!

21. 2024-01-04
    listed $649,900 Active 1503-char remark

    Show marketing remark (1503 chars)

    Discover a golden opportunity in the coveted Sun 'n Lake community of Sebring. This impressive triplex beckons smart investors with its potential for strong returns. Renovated units, impact-resistant windows, a whole-home generator, and a strategic location combine to create an unmissable income-generating property: Versatility Defined: The triplex offers a mix of accommodations, including a spacious 4-bedroom unit with 2 bathrooms, an inviting 2-bedroom unit with 2 bathrooms, and an additional cozy 2-bedroom unit with 1 bathroom. This versatility appeals to a range of tenants, maximizing your rental prospects. Modern Comfort: All units underwent renovations in 2017 or later, ensuring a contemporary living experience for occupants. Weather Any Storm: Impact-resistant windows and hurricane shutters adorn all units, guaranteeing safety and security during inclement weather. Whole-Home Generator: Unit 2 is equipped with a whole-home generator, providing uninterrupted power supply and peace of mind. Enhanced Value: The roof replacement in 2022 not only ensures durability but also enhances the property's overall value. Location Advantage: Positioned within Sun 'n Lake, the triplex enjoys proximity to essential amenities, making it an enticing choice for tenants seeking convenience and comfort. Invest with foresight and secure your slice of the dynamic Sebring market. This triplex promises a solid foundation for your investment goals. Reach out today to arrange a personalized viewing!

22. 2015-06-30
    soldstatus $103,754
23. 2015-04-14
    listed $98,580

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 26 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $80,820
• − Mortgage interest: −$34,444
• − Property taxes: −$9,224
• − Insurance: −$3,074
• − Repairs & maintenance: −$6,466
• − Management: −$6,466
• − Depreciation: −$17,888
• Taxable income: $3,259
• Est. tax owed @ 24.0%: −$782
• After-tax cash flow: $12,072/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 75/100 None rehab

This fully renovated triplex in the Sun 'n Lake community is move-in ready and offers a good investment opportunity with steady occupancy and income flexibility.

Value-add opportunities

• Both Painting the exterior — Enhances curb appeal and can increase both resale and rental value.
• Both Landscaping improvements — Enhances curb appeal and can increase both resale and rental value.
• Resale Updating the kitchen appliances — Modernizes the kitchen and can increase resale value.
• Resale Updating the bathrooms with modern fixtures — Modernizes the bathrooms and can increase resale value.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior — Enhances curb appeal and can increase both resale and rental value. ↑
• Both Landscaping improvements — Enhances curb appeal and can increase both resale and rental value. ↑
• Resale Updating the kitchen appliances — Modernizes the kitchen and can increase resale value. ↑
• Resale Updating the bathrooms with modern fixtures — Modernizes the bathrooms and can increase resale value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Highlands
• NCES district ID: 1200840
• Math proficiency: 45% ▼ -7.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $35,276
• Composite: 36.42/100
• National rank: #4672
• State rank: #54 of 73 in FL

Livability — Avon Park

• Score: 71/100
• State rank: #407
• US rank: #7205

Category grades

Amenities F Commute F Cost of living A+ Crime D+ Employment F Housing A+ Health & safety A+ User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Highlands County · 98,898 people
• City population: 50,797
• Metro: Sebring-Avon Park, FL
• Population (ZIP): 13,746
• Household income: $69,578
• Rent vs Own: 10.6% rent · 89.4% own
• Severe rent burden: 222.0

Population outlook (Highlands County) Hauer SSP2

• Today (2025): 99,674 people
• By 2030: 99,615 · -0.1%
• By 2040: 99,342 · -0.3%
• By 2050: 98,242 · -1.4%
• By 2075: 93,291 · -6.4%
• By 2100: 79,894 · -19.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 22% Two or more races 11% Black 5% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 5% Puerto Rican 9% Cuban 3%
• Common ancestry: Romanian 2% Russian 2% Slovak 2%
• Foreign-born: 12% · Canada, Jamaica
• Languages at home: 79% English-only · Spanish 16% Other Asian/Pacific 2% Other Indo-European 1%

Political lean MEDSL · Highlands

• 2024 margin: Solid R (+40.8) · D 29.3% · R 70.1%
• 2008→2024 swing: -22.7pp toward R · 2008: -18.1pp · 2024: -40.8pp
• All cycles: 2024: R+40.8 2020: R+34.4 2016: R+32.0 2012: R+23.0 2008: R+18.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -78.20%
• Current HPI: 225.3761
• Rent YoY: ▲ 1.65%
• Metro: Sebring-Avon Park, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+523.8% since first listed

8 events — show timeline

• 2026-04-24 Listed $614,900 HAOR as distributed by MLS GRID
• 2026-04-04 Price Changed $614,990 HAOR as distributed by MLS GRID
• 2024-07-01 Sold (MLS) $550,000 HAOR as distributed by MLS GRID
• 2024-05-03 Contingent — HAOR as distributed by MLS GRID
• 2024-04-06 Price Changed $624,900 HAOR as distributed by MLS GRID
• 2024-01-04 Listed $649,900 HAOR as distributed by MLS GRID
• 2015-06-30 Sold (MLS) $103,754 Stellar MLS as Distributed by MLS Grid
• 2015-04-14 Listed $98,580 Stellar MLS as Distributed by MLS Grid