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Multifamily

Mediterranean Villas

401 W Florida Ave, Haines City, FL 33844

Listing Price: $4,200,000

Cap Rate
5.76%
Number of Units
36
Price/Unit
$116,667
Price/Gross SF
$105.26
Gross SF
39,900

Investment Overview

?36-unit multifamily community in Haines City, FL

Investment Highlights

  • ?Proven upside, with a 39.5% increase in Effective Growth Income available by end of Year Two through continued renovations
  • ?Ability to achieve a double digit cash-on-cash return and over 20% leveraged IRR
  • Massive unit sizes averaging over 1,100 square feet per unit
  • ?Currently offering the lowest rent per square foot in the submarket
  • ?Very little direct competition within the immediate submarket
  • ?Four of the 36 units have received full gut renovations, while ten additional units have received moderate renovations that include new flooring, kitchens, and appliances
  • ?Strategically located on a quiet street while also being within one mile of major thoroughfare US Highway 17 which sees 24,500 vehicles daily and US Highway 27 which sees 49,000 vehicles daily
  • ?Situated just minutes from multiple retail and entertainment corridors

Exclusively Listed By

Multifamily

Mediterranean Villas

Listing Price: $4,200,000

Cap Rate
5.76%
Number of Units
36
Price/Unit
$116,667
Price/Gross SF
$105.26
Gross SF
39,900

Investment Highlights

  • ?Proven upside, with a 39.5% increase in Effective Growth Income available by end of Year Two through continued renovations
  • ?Ability to achieve a double digit cash-on-cash return and over 20% leveraged IRR
  • Massive unit sizes averaging over 1,100 square feet per unit
  • ?Currently offering the lowest rent per square foot in the submarket
  • ?Very little direct competition within the immediate submarket
  • ?Four of the 36 units have received full gut renovations, while ten additional units have received moderate renovations that include new flooring, kitchens, and appliances
  • ?Strategically located on a quiet street while also being within one mile of major thoroughfare US Highway 17 which sees 24,500 vehicles daily and US Highway 27 which sees 49,000 vehicles daily
  • ?Situated just minutes from multiple retail and entertainment corridors

Investment Overview

?36-unit multifamily community in Haines City, FL

Exclusively Listed By

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