721 SW 19th Ave - Apartments FOR SALE


Ocala, FL 34471- Downtown Ocala
$2,995,000 USD
352-267-5579
721 SW 19th Ave, Ocala, FL for Sale
$2,995,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

721 SW 19th Ave
Ocala, FL 34471
Downtown Ocala


HIGHLIGHTS

  • Concrete block construction
  • New metal roofs in 2019 for all buildings
  • Renovations in 2018-2019
  • Locate minutes to Downtown Ocala
  • Close proximity to Florida Crossroads Distribution and Logistics Park - with over 5 million sq ft of warehousing and distribution facilities

OVERVIEW

24-unit multi-family portfolio (12 duplexes) all on one 3.89-acre parcel, located within minutes to downtown Ocala. These units all consist of 2-bedroom 1-bath units, and are currently 100% occupied, providing immediate cash flow to new Owners. All 12 buildings have newer metal roofs, installed in 2019, and have seen various upgrades, and renovations over the last few years. There is immediate opportunity for rental increases with current rents well below market.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$172 USD /SF

# OF UNITS

24

PRICE/UNIT

$124,792

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lantana Village Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

28

LAND DETAILS

LAND ACRES

3.89 AC

LAND SF

169,448 SF

ZONING

R2

APN/PARCEL ID

22739-001-00

ASK ABOUT THIS PROPERTY

Chris SworColdwell Banker Ellison RealtyMore Info
352-267-5579

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Chris SworColdwell Banker Ellison RealtyMore Info
352-267-5579

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.