A rare, off-market waterfront apartment community is now available in West-Central Florida. This extensively renovated, multi-unit property has already seen major capital improvements throughout, including all-new electrical, plumbing, HVAC, and septic systems, plus fully updated interiors — leaving a new owner with a largely turnkey asset and immediate upside. Most units are small one-bedroom/efficiency style, ideal for both weekly and monthly tenants. There are a couple of larger two-bedroom units, perfect for long-term tenancy. All units are currently vacant.
With the previous owner looking to cash out quickly, this is priced to sell — their loss could be your gain. Based on current pro-forma projections, this opportunity offers an attractive 13% cap rate, well above typical multifamily returns in the region.
Pro forma financials, unit details, and property location are available to qualified, serious buyers upon execution of a Non-Circumvention and Non-Disclosure Agreement (NCND). Contact your EquityPro advisor today to request access.