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
100 North Apartments
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
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
