Aqua Links & Stoneridge Pointe Portfolio

Aqua Links & Stoneridge Pointe Portfolio

Price: $ Market Bid

Total Number of Units: 260

Address: 2450 Hartwell Avenue, Sanford, FL 32771, United States

  • Current Average Effective Rents $200 Below Market Average
  • $240,696 In-Place Annual Loss-to-Lease Upside ($77 per unit, per month)
  • Opportunity to Increase NOI by Approximately $492,000 by End of Year 1
  • Opportunity to Continue Strategic Upgrades at Aqua Links (55 Upgraded Units Receiving a $50 Premium) Benefit from Short Term or Long Term Holding Strategy
  • Short Term Strategy: Capitalize on Value Add Business Plan and Below Market Rents to Increase NOI by $492,000
  • 75 Percent Return on Equity Potential on 2-Year Hold
  • Long Term Strategy: 7-Year IRR Approximately 29%; 10-Year IRR Approximately 26%

Aqua Links
2450 Hartwell Avenue Sanford, Florida 32771
140 Units

Stoneridge Pointe
1505 West 25th Street Sanford, Florida 32771
120 Units

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Location Highlights

  • Two Self-Supporting Assets Directly Adjacent to Each Other Presenting Strategic Operational Advantages and Multiple Exit Strategies
  • Majority 90s Vintage Asset in Rapidly Developing and Expanding Market with 83% Two and Three-Bedroom Composition
  • Close Proximity to Heritage Park Project (Downtown Sanford) – 250 Projected New Jobs – 35,750 Square Feet of Retail and Restaurant Space
  • Orlando-Kissimmee-Sanford is ranked the #2 Fastest Growing City in 2017 by Forbes – 4.5% Employment Growth Over Past 12 Months – #9 Market Nationally for Year-Over-Year Rent Growth (5.5%)


Images Below: Left – Aqua Links, Right – Stoneridge Pointe

Additional Photos