NE FL Residential Income Portfolio | 5 Units | Stabilized
Investment Opportunity
Marketing description
The North Florida Income Portfolio presents a 5-unit residential investment opportunity consisting of four condominium units and one income-producing single-family short-term rental. The portfolio offers a combination of stable in-place rental income and diversified revenue streams across long-term and short-term tenancy.
Currently generating approximately $72,080 in annual NOI, the portfolio is offered at an attractive ~7.2% cap rate, providing immediate cash flow from day one. The Island Villas condominium units serve as the stable foundation of the portfolio, supported by consistent workforce housing demand and predictable operating expenses.
The County Road 13 property complements the portfolio with proven short-term rental income, benefiting from strong tourism demand in the greater St. Augustine market. Together, the assets provide a balanced income profile with both stability and yield.
The portfolio is currently operating at approximately 80% economic occupancy, offering a clear path for a new owner to increase income through leasing of the remaining unit and continued operational improvements.
This offering is well-suited for investors seeking a manageable, income-producing portfolio with immediate cash flow and upside potential in a growing North Florida market.
Investment highlights
Attractive In-Place Yield
• ~$72,080 annual NOI
• Pro forma NOI ~$84,000+
• Ability to increase rents and optimize STR performance
Diversified Income Streams
• Mix of long-term rentals and short-term rental income
• Reduces reliance on a single tenant type
Immediate Value-Add Opportunity
• ~80% economic occupancy
• Lease-up potential for vacant unit
• STR revenue optimization
Proven STR Performance
• Located in a strong tourism-driven market St Augustine
Stable Workforce Housing Component
• Condo units provide consistent rental demand
• Predictable operating expenses with HOA structure
Efficient Portfolio Scale
• 5 units across a manageable footprint
• Simplified ownership vs scattered acquisitions
Flexible Exit Strategies
• Sell assets individually
• Convert STR to long-term rental
• Refinance after stabilization
Priced for Execution
• Positioned to attract immediate investor interest
• Opportunity to acquire below replacement cost
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