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80 North Central Avenue, Umatilla, FL 32784 For Sale

CS
FL SL3645801
$1,250,000
23 days on market
Updated 6 days ago

80 North Central Avenue

Details
Property Type Retail, Multifamily (+1)
Sub Type Apartment Building
Square Footage 10,000
Net Rentable (SqFt) 100
Cap Rate 5.2%
NOI $65,000
Occupancy 90%
Tenancy Multi
Lease Type Modified
Price per SqFt $125
Year Built 1940
Year Renovated 2016
Buildings 1
Ground Lease No

10 unit mixed use investment opportunity

Marketing description

Exceptional income-producing mixed-use property located in the heart of downtown Umatilla. This well-maintained 10-unit building features a desirable blend of 6 residential apartments and 4 commercial storefronts, offering diversified revenue streams and strong investment potential.

The property underwent a comprehensive renovation approximately 2 years ago, including extensive updates down to the studs, providing investors with the benefits of modernized systems, improved functionality, and reduced maintenance concerns. The commercial spaces are currently leased, creating immediate income, while the residential units contribute additional stable cash flow.

Situated in a highly visible downtown location with convenient access to local businesses, dining, and community amenities, this property presents an excellent opportunity for investors seeking a turnkey mixed-use asset in a growing Central Florida market.

Whether you're expanding your portfolio or seeking a stable mixed-use investment, this downtown Umatilla property offers long-term income potential and value appreciation opportunities.

Investment highlights

Highlights include:

  • 10 total units (6 residential / 4 commercial)
  • Established income-producing property
  • Commercial spaces leased
  • Major renovation completed approximately 10 years ago
  • Downtown location with strong visibility and accessibility
  • Diversified tenant mix
  • Ideal addition to an investment portfolio

Listing Contacts

CS
FL SL3645801

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$65,000.00
$5,416.67/mo

Valuation Metrics

0
DSCR
5.2%
Cap Rate
5.2%
ROI

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Additional Information

Name
Chris Stearns
License
SL3645801
Brokerage
Realtors in Florida
Brokerage Phone
313-887-4410
Title
Broker of Record
Brokerage Address
500 W Ardice Ave Eustis, FL 32726
Name
Chris Stearns
License
SL3645801
Brokerage
Realtors in Florida
Brokerage Phone
3526056007
Brokerage Address
500 West Ardice Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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