Multifamily
Amberwood Hills Apartments
612 SW Amberwood Loop, Lake City, FL 32025
Listing Price: Request For Offer
Number of Units
101
Gross SF
75,120
Investment Overview
101-unit apartment community in Lake City, FL
Amberwood Hills Apartments
Investment Highlights
- 101-unit apartment community in Lake City, FL
- Ability to achieve a 9.5% cap rate by year two through continued rent increases of up to $451 per unit via strategic renovations
- Ability to achieve a leveraged ten-year IRR of 20%
- Owner has spent over $750,000 in capital improvements which includes new roofs and exterior paint
- Assumable CMBS loan in-place with a 4% interest rate and 30-year amortization
- All units have washer/dryer connections
- 1981 and 1986 construction
- Lake City is less than an hour to both Gainesville and Jacksonville, both major employment centers
Exclusively Listed By
Listing Price: Request For Offer
Number of Units
101
Gross SF
75,120
Investment Highlights
- 101-unit apartment community in Lake City, FL
- Ability to achieve a 9.5% cap rate by year two through continued rent increases of up to $451 per unit via strategic renovations
- Ability to achieve a leveraged ten-year IRR of 20%
- Owner has spent over $750,000 in capital improvements which includes new roofs and exterior paint
- Assumable CMBS loan in-place with a 4% interest rate and 30-year amortization
- All units have washer/dryer connections
- 1981 and 1986 construction
- Lake City is less than an hour to both Gainesville and Jacksonville, both major employment centers
Investment Overview
101-unit apartment community in Lake City, FL
Exclusively Listed By
