Multifamily
Cedarwood Apartments
1529 NE 39th Ave, Ocala, FL 34470
Listing Price: $9,400,000
Cap Rate
7.81%
GRM
7.55
Investment Overview
A 94-unit, garden-style multifamily property located in Ocala, FL with convenient access to local schools, employment and entertainment
Cedarwood Apartments
Investment Highlights
- A 94-Unit, garden-style multifamily property located in Ocala, FL
- Explosive Population Growth: Ocala has again ranked as the fastest growing metro in the nation by percentage for 2025 (US Census Bureau)
- Rental Properties in High Demand: Ocala's population has increased 27% in the last 10 years (US Census Bureau) creating significant demand for workforce housing rentals
- NOI Growth: Clear pathway to a 36.7% increase in NOI by year two through bringing occupancy to market while implementing moderate rent bumps
- Renovation upside is proven, not speculative: Recently renovated units at Cedarwood already command premiums of $186/unit (studios), $174/unit (one-bedrooms), and $140/unit (two-bedrooms) over unrenovated units
- Well Located: Cedarwood is located just feet from Ocala's main thoroughfare, East Silver Springs Boulevard giving tenants convenient access to local schools, employment and entertainment
- Rising incomes support rent growth: Area median income increased 32.6% from 2021–2024 (HUD), outpacing typical wage growth nationally
- Redevelopment Potential: Situated on over 6 acres, providing great redevelopment opportunities in the future
Exclusively Listed By
Financing By
Investment Highlights
- A 94-Unit, garden-style multifamily property located in Ocala, FL
- Explosive Population Growth: Ocala has again ranked as the fastest growing metro in the nation by percentage for 2025 (US Census Bureau)
- Rental Properties in High Demand: Ocala's population has increased 27% in the last 10 years (US Census Bureau) creating significant demand for workforce housing rentals
- NOI Growth: Clear pathway to a 36.7% increase in NOI by year two through bringing occupancy to market while implementing moderate rent bumps
- Renovation upside is proven, not speculative: Recently renovated units at Cedarwood already command premiums of $186/unit (studios), $174/unit (one-bedrooms), and $140/unit (two-bedrooms) over unrenovated units
- Well Located: Cedarwood is located just feet from Ocala's main thoroughfare, East Silver Springs Boulevard giving tenants convenient access to local schools, employment and entertainment
- Rising incomes support rent growth: Area median income increased 32.6% from 2021–2024 (HUD), outpacing typical wage growth nationally
- Redevelopment Potential: Situated on over 6 acres, providing great redevelopment opportunities in the future
Investment Overview
A 94-unit, garden-style multifamily property located in Ocala, FL with convenient access to local schools, employment and entertainment
Exclusively Listed By
Financing By
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