18 Units
10,800 SF
1.25 acres
7 buildings
1 stories
Concrete Slab
Built in 1960
Contact Agents
Property Documents
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Ray Turchi
Senior Managing Director Investments
[email protected]
Senior Managing Director Investments
[email protected]
(407) 557-3847 (office)
(321) 297-6576 (mobile)
Investment Highlights
- Five-Year Leveraged Return of 27.2%
- Property was Almost Completely Renovated in 2016
- 100% Occupied
- 18 Two-Bedroom Units in Seven Apartment Buildings
- Located less than a mile from US 441 Intersection (47,500 Vehicles/Day)
- Just 2.5 Miles from the New Florida Hospital Apopka
- Tenant pays for water, sewer, electricity and garbage
- Alonzo Williams Park, Located Next to Subject, will be Getting a New Community Center
Key Metrics
Cap Rate Current Year:
8.50%
Cap Rate Year 1:
8.26%
GRM:
7.57
GRM Year 1:
7.00
Leveraged Cash-on-Cash Return Current Year:
14.36%
Leveraged Cash-on-Cash Return Year 1:
13.39%
Leveraged IRR (Year 5):
27.23%
Leveraged IRR (Year 10):
24.46%
Price/ Unit
$61,000
Price/ SF
$101.67
Listing Agents:
Ray Turchi
Ray Turchi
(407) 557-3847