The Hull Multifamily Advisors (HMA) are pleased to present the exclusive offering of Colonial Oaks in Pace, FL. Built in 1981-1999, this 32-unit, eight-building, asset consists of (12) 1,044 SF Two Bed One and a Half Bath Two-Story Townhouses, (12) 924 SF Two Bed One and a Half Bath Units, and (8) 744 SF Two Bed One Bath Units. Colonial Oaks has seen a significant amount of recent capital improvements with a resurfaced and restriped parking lot, new roofs, and approximately 18 of the 32 units having light upgrades with updated appliances, flooring, ceiling fans, and light fixtures. Notable for investors is current ownership is offering exceptional seller financing terms at 75% LTV, 5% Interest, and amortized over 30 years. The Colonial Oaks Apartments boasts several amenities such as individual entrances (20/32 Units), a shared gazebo/common area, and washer/dryer hookups just to name a few. Additionally, current ownership is paying for trash, while tenants are responsible for paying electricity, individually metered electric A/C, and water. The Colonial Oaks Apartments are being offered to the market as a stabilized cash flowing asset, however, several value-add opportunities present themselves. Most notable, this asset has significantly below market rents with occupancy levels historically averaging near 100%. After doing an in-depth rent comparable study (located in the OM), it has been determined that current average rent is $325-$400 below similar competing properties. This leaves investors with an opportunity to increase rents to market and further increase not only cashflow, but also significantly increase value. Due to the attractive seller financing terms and significant historic cashflow, this opportunity offers the marketplace a significant value add, cash flowing asset. Please contact HMA for more information before this significant value-add opportunity is gone.