Double Eagle is a 37-unit Class B apartment community located in New Smyrna Beach, Florida. The asset was constructed in 1980 with frame construction on concrete slab. The community consists of 37 units with a favorable unit mix of (24) two bedroom/one bathroom units and (13) three bedroom/two bathroom units that average nearly 1,100 square feet each. The community is situated on approximately 4.14 acres with a centrally located pond. Double Eagle’s average in-place rent is approximately 15% under market values with the opportunity to elevate both organically and through light interior upgrades. The community is being offered to the market with an assumable loan from Fannie Mae. The loan has multiple years remaining at below market interest rate. Double Eagle offers a rare opportunity to acquire a well-maintained asset in an irreplaceable neighborhood setting within New Smyrna Beach. Please contact Andrew Green (Andrew.Green@foundrycommercial.com) to discuss the offering.