www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32912491
32442064

11613 Southeast 57th Avenue, Belleview, FL 34420

JL
FL BK3206282, FL FL SL3206282
100UNits.com
Listed by 100UNits.com
$1,000,000
24 days on market
Updated 10 days ago

Belleview Flats

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,128
Units 8
Beds 8
Cap Rate 7.91%
NOI $79,089
Occupancy 95%
Tenancy Multi
Price per SqFt $242
Year Built 1978
Acreage 0.350
Zoning R3
Investment Type Value Add

Multifamily | 7.91% CAP | 8 Units

Marketing description

100Units.com presents 57 Belleview Flats, an 8-unit multifamily asset ideally positioned in the growing Belleview submarket of Marion County. This well-maintained property features concrete block construction with pitched shingle roofing, offering durability and reduced long-term capital expenditure—an increasingly important factor for investors focused on operational efficiency and asset longevity.

The property consists of eight (8) 1-bedroom, 1-bathroom units, a highly desirable unit mix catering to workforce housing demand and individuals seeking affordability within close proximity to major employment corridors. With Belleview benefiting from continued population and job growth, demand for this unit type remains consistently strong.

From an operational standpoint, 57 Belleview Flats is set up for streamlined management and favorable expense control. Electric and water utilities are separately metered and paid directly by tenants.

Strategically located along the US-441 corridor, the asset provides convenient access to Ocala, The Villages, and surrounding employment hubs, positioning it to capture ongoing renter migration into the area.

Investment highlights

  • 100% Concrete Block Construction – Durable, low-maintenance build with pitched shingle roofing, helping reduce long-term capex exposure
  • Individually Metered Utilities – Electric and water paid directly by tenants, creating efficient expense control and stronger NOI
  • Desirable 1BR/1BA Unit Mix (8 Units) – Consistent demand from workforce housing tenants seeking affordability and simplicity
  • Prime Access to Growth Corridors – Conveniently located near US-441 with connectivity to Ocala and The Villages employment hubs
  • Stable Cash Flow with Upside Potential – Proven rental demand with opportunity for rent growth and operational optimization

Listing Contacts

JL
FL BK3206282, FL FL SL3206282
100UNits.com
Listed by 100UNits.com

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,089.00
$6,590.75/mo

Valuation Metrics

0
DSCR
7.91%
Cap Rate
7.91%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Joe LaFleur
License
BK3206282
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591