The Taylor & Payne Portfolio consists of two properties with a total of 18 units, strategically located within walking distance of each other in Auburndale, FL. Built in the 1980s with durable concrete block construction, this community offers a favorable unit mix with 89% of the floorplans as spacious two-bedroom units. Auburndale is ideally situated along the rapidly expanding I-4 industrial corridor, and just 15 minutes from downtown Lakeland, which offers employers including Publix Corporate Headquarters, Lakeland Regional Health, and an Amazon Fulfilment Center, among many others. Lakeland, ranked as the 18th fastest-growing city in the U.S. in 2024, has experienced a significant population growth of 9.81% since the 2020 census, offering strong investment potential.
The Taylor & Payne Portfolio provides a buyer with an achievable monthly rental upside of $163 per unit following light interior renovations. This upside is supported when compared to similar properties in the area, making this an exceptional opportunity in a high-growth market. Additionally, there are on-site laundry facilities which provide additional income opportunities for owners, while also enhancing the tenant experience. As a cherry on top, the seller will also include approximately 1/4 acre of land in the sale (located at 1225 Taylor St), located directly across from the Taylor St property, offering potential for future development and the addition of more units to increase returns.