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Multifamily

100 North Apartments

100 N Dewey St, Eustis, FL 32726

Listing Price: $5,000,000

Cap Rate
4.53%
Number of Units
20
GRM
13.52
Price/Unit
$250,000

Investment Overview

20-unit Class A multifamily property completed in 2022 in Eustis, FL which is part of the Orlando, FL MSA

Investment Highlights

  • 20-unit Class A multifamily property completed in 2022 in Eustis, FL which is part of the Orlando, FL MSA
  • Fully stabilized asset with average in-place rents of over $1,500 per unit
  • Spacious units at just under 1,000 square foot per unit
  • Apartment interiors consist of luxury finishes including luxury vinyl plank flooring, quartz countertops, stainless steel appliances, full size washer/dryers and elevator access to upper units
  • Two units are fully furnished and are commanding rent premiums of close to $300 over the average in-place rents
  • Opportunity to increase NOI almost 30% by bringing rents up to pro-forma projections with minimal capital infusion needed
  • Located within walking distance of historic Downtown Eustis with access to shops, eateries, arts and entertainment along with access to boating on Lake Eustis

Exclusively Listed By

Financing By

Multifamily

100 North Apartments

Listing Price: $5,000,000

Cap Rate
4.53%
Number of Units
20
GRM
13.52
Price/Unit
$250,000

Investment Highlights

  • 20-unit Class A multifamily property completed in 2022 in Eustis, FL which is part of the Orlando, FL MSA
  • Fully stabilized asset with average in-place rents of over $1,500 per unit
  • Spacious units at just under 1,000 square foot per unit
  • Apartment interiors consist of luxury finishes including luxury vinyl plank flooring, quartz countertops, stainless steel appliances, full size washer/dryers and elevator access to upper units
  • Two units are fully furnished and are commanding rent premiums of close to $300 over the average in-place rents
  • Opportunity to increase NOI almost 30% by bringing rents up to pro-forma projections with minimal capital infusion needed
  • Located within walking distance of historic Downtown Eustis with access to shops, eateries, arts and entertainment along with access to boating on Lake Eustis

Investment Overview

20-unit Class A multifamily property completed in 2022 in Eustis, FL which is part of the Orlando, FL MSA

Exclusively Listed By

Financing By

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