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Multifamily

Villas of Stoneridge

1218 NE 39th Rd, Ocala, FL 34470

Listing Price: $4,450,000

Cap Rate
6.53%
Number of Units
28
GRM
10.19
Price/Unit
$158,929

Investment Overview

A 28-unit townhome community consisting of all two-bedroom and two and one-half bath units.

Investment Highlights

  • A 28-unit townhome community consisting of all two-bedroom and two and one-half bath units
  • Ability to increase NOI by over 46% within the first three years of ownership
  • Substantial capital improvements implemented over the last two years
  • One of the largest floor plans in the submarket with 1,238 square-foot units
  • Located on nearly seven acres of land, with the ability to build additional units including multiple pad sites with sub outs in place
  • Frontage to East Silver Springs Boulevard, the main thoroughfare that runs through Ocala which sees 22,095 VPD
  • Built between the late 1980s and early 1990s
  • Each unit has a private patio and washer/dryer connections

Exclusively Listed By

Financing By

Multifamily

Villas of Stoneridge

Listing Price: $4,450,000

Cap Rate
6.53%
Number of Units
28
GRM
10.19
Price/Unit
$158,929

Investment Highlights

  • A 28-unit townhome community consisting of all two-bedroom and two and one-half bath units
  • Ability to increase NOI by over 46% within the first three years of ownership
  • Substantial capital improvements implemented over the last two years
  • One of the largest floor plans in the submarket with 1,238 square-foot units
  • Located on nearly seven acres of land, with the ability to build additional units including multiple pad sites with sub outs in place
  • Frontage to East Silver Springs Boulevard, the main thoroughfare that runs through Ocala which sees 22,095 VPD
  • Built between the late 1980s and early 1990s
  • Each unit has a private patio and washer/dryer connections

Investment Overview

A 28-unit townhome community consisting of all two-bedroom and two and one-half bath units.

Exclusively Listed By

Financing By

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