Skip to main content

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

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

Multifamily

Amberwood Hills Apartments

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

MM Texture Background
MM Textured Background Lower