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Multifamily

Bentley Villas

1175 Bentley Rd, Leesburg, FL 34748

Listing Price: $5,325,000

Cap Rate
6.19%
Number of Units
48
Price/Unit
$110,938
Price/Gross SF
$129.64
Gross SF
41,074

Investment Overview

45 minutes from the Orlando MSA On-site laundry facility with brand new machines Concrete block construction

Investment Highlights

  • 48-unit, "B" class multifamily community
  • Property is being offered with an assumable Freddie Mac loan, or can be offered free and clear at an adjusted price point to account for the yield maintenance penalty
  • Considerable and immediate rental upside available of over $150 per unit on average with minimal capital improvements required
  • Subject property has received substantial capital improvements in excess of $1,000,000 over the last five years
  • Improvements throughout all 48 units include but are not limited to, granite countertops, new appliances, tile flooring, vanities, kitchen and bathroom faucets, light fixtures and smoke detectors
  • Minimal direct competition within the Leesburg submarket
  • Located minutes from The Villages, the nation's fastest growing retirement community with an estimated population of 132,000 residents covering 32 square miles
  • Less than three miles from main thoroughfare US-441

Exclusively Listed By

Listing Price: $5,325,000

Cap Rate
6.19%
Number of Units
48
Price/Unit
$110,938
Price/Gross SF
$129.64
Gross SF
41,074

Investment Highlights

  • 48-unit, "B" class multifamily community
  • Property is being offered with an assumable Freddie Mac loan, or can be offered free and clear at an adjusted price point to account for the yield maintenance penalty
  • Considerable and immediate rental upside available of over $150 per unit on average with minimal capital improvements required
  • Subject property has received substantial capital improvements in excess of $1,000,000 over the last five years
  • Improvements throughout all 48 units include but are not limited to, granite countertops, new appliances, tile flooring, vanities, kitchen and bathroom faucets, light fixtures and smoke detectors
  • Minimal direct competition within the Leesburg submarket
  • Located minutes from The Villages, the nation's fastest growing retirement community with an estimated population of 132,000 residents covering 32 square miles
  • Less than three miles from main thoroughfare US-441

Investment Overview

45 minutes from the Orlando MSA On-site laundry facility with brand new machines Concrete block construction

Exclusively Listed By

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