Listed by Florida Homes Realty and Mortgage
$1,300,000
The Landing Collection
Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 10,000
Units 12
Cap Rate 7.00%
Occupancy 75%
Pro-Forma Cap Rate 6.54%
Pro-Forma NOI $85,000
Class B
Year Built 2018
Buildings 1
Stories 2
Acreage 0.430
Investment Type Value Add
Occupancy Date 03/19/2026
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner
2018 Construction | 12 Units | Lease-Up Opportunity with Immediate Upside
Investment highlights
2018 Construction – Newer vintage asset with minimal capital expenditure requirements
12 Units | All 2 Bed / 1 Bath – Uniform unit mix simplifies management and leasing
75% Occupied – Immediate upside through lease-up of 3 vacant units
Pro Forma Upside – Stabilized income projected at approximately $11,000/month
Value-Add Opportunity – Capture increased cash flow through operational improvements
Strong Rental Demand – Vacant units currently being marketed for lease
Listing Contacts
Listed by Florida Homes Realty and Mortgage
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