Listings

Price: $ 550,000

Total Number of Units: 9

Address: 442 30th Avenue North, St. Petersburg, FL, United States

• Premium location in the heart of desirable St. Petersburg
• Only 20 minutes to St. Pete beach ranked “#3 beach in the U.S.” by TripAdvisor in 2017

Lead Agent(s): Joshua Teplitzky

Price: $ Market Bid

Total Number of Units: 144

Address: 9790 Hamlin Boulevard, Seminole, FL 33776, USA

• Value-add opportunity through clubhouse and amenity renovations
• 100 percent renovated interiors with minimal repairs and maintenance expenses
• Current ownership has spent in excess of $2.8 million on capital improvements
• $300,000 potential increase in effective gross income by implementing a valet trash program, cable reimbursement program, adding patios, and increasing rents to surpass inferior competition
• Fantastic A+ location in Seminole, FL with very limited competition

Call for Offers: Wednesday, June 20th by 5:30 pm EST

Lead Agent(s): Francesco P. Carriera or Michael P. Regan

Price: $ 3,850,000

Total Number of Units: 32

Address: 2303 College St, Jacksonville, FL 32204, USA

• Opportunity to increase rents on renewal by $50-$100/unit to meet the market
• 100% occupied for the last 3 years with a waiting list
• 11 of the 12 buildings are less than ½ a mile from each other for ease of management
• Retiring owner is offering negotiable seller financing with a 30-year amortization, 3-10 year term with potential interest only period possible to increase buyers day one cash flow

Lead Agent(s): Ryan B. Tomka

Price: $ 1,600,000

Total Number of Units: 16

Address: 801-811 Southeast 12th Avenue, Cape Coral, FL 33990, USA

• Well-built 1980’s vintage concrete block construction
• Highly desirable unit mix consisting of large two and three bedroom townhouse units
• Amenitized property with a large courtyard, pool, and in-unit laundry connections
• Significant value-add opportunity (9.43% year one cap rate)
• Current rents are 18% below market comparable rents
• Ability to realize a year one cash-on-cash of 15.59%

Lead Agent(s): Benjamin N. Skinner

Price: $ 1,800,000

Total Number of Units: 32

Address: 3079 Cleveland Avenue, Fort Myers, FL, USA

• Thirty-two unit multifamily asset constructed of concrete block and wood frame
• Well-positioned asset (1.22 Acres) situated directly on Cleveland Avenue (US-41) – 54,000 AADT
• Seller has recently renovated the exterior and partially renovated the interiors of the asset
• Significant value-add opportunity through loss-to-lease recapture and the installation of individual water meters
• Ability to increase Net Operating Income by approximately $89,000 by end of year one

Lead Agent(s): Benjamin N. Skinner

Price: $ 4,832,000

Total Number of Units: 80 Units / 320 Beds

Address: 400 Putnam Dr, Tallahassee, FL, USA

• Highly desirable purpose-built student housing asset built in 2003
• Located just 0.2 miles from Florida A&M University’s campus
• Below market rents allows new buyer to increase market rents to $369/bed
• Opportunity to achieve a Cash-on-Cash Return north of 20.07% in year zero

Lead Agent(s): Benjamin N. Skinner and Matthew W. Prozzillo

Price: $ 1,563,000

Total Number of Units: 17

Address: 4421 Frankie Court, North Fort Myers, FL 33903, USA

• Recently Renovated Concrete Block Construction
• Desirable Unit Mix Consisting of Two Bedroom Townhouse and Duplex Units
• Amenities Include In-Unit Laundry Connections
• Ability to Realize a Year One Cash-On-Cash of 21.83% Through Loss-To-Lease Recapture

Lead Agent(s): Benjamin N. Skinner

Price: $ 1,499,000

Total Number of Units: 24

Address: 103 Cactus Street, Tallahassee, FL, United States

• 8.83% CAP Rate
• Unit Interior Renovations Include Granite Countertops, Stainless Steel Appliances, New Bathroom Vanities, New Kitchen Cabinets and Interior Paint

Lead Agent(s): Joshua D. Teplitzky

Price: $ Market Bid

Total Number of Units: 172

Address: 15215 Livingston Avenue, Lutz, FL 33559

• Value-Add Opportunity Constructed on Concrete Block in Tampa, FL
• Opportunity to increase Gross Possible Rent by $401,000
• $209 weighted spread between Diamond Upgraded unit with washer/dryer appliances current market rent and all other finish levels weighted average effective rent
• Recent exterior capital improvements include resurfaced parking lot, revitalized landscaping, and energized building exterior paint
• All corner units with private fenced-in patios

Call for Offers: Wednesday, May 23rd

View Offering Here

Lead Agent(s): Michael P. Regan or Francesco P. Carriera

Price: $ 1,600,000

Total Number of Units: 32

Address: 6735 Southwest 4th Place, Gainesville, FL, United States

• Select units have been beautifully renovated in 2017/2018 with vinyl wood flooring, new kitchen cabinetry, washer/dryer appliances, new appliances, new lighting, and new bathroom vanities
• Opportunity to continue renovations and capitalize on significant rental upside approximately $90+ higher than average effective rents
• Highly desirable 1980s vintage asset comprised of concrete block construction with amenities such as washer/dryer appliances and private patios

Lead Agent(s): Matthew W. Prozzillo

Price: $ Market Bid

Total Number of Units: 212

Address: 8024 Hidden River Drive, Tampa, FL 33617, USA

• Opportunity to increase Effective Gross Income by $198,552 through the end of year one operations
• 24% of units remaining to be renovated with a $94 premium on average compared to standard units
• Majority two and three-bedroom floor plans
• Opportunity to add washer/dryer appliances in 70 units already with connections and receive an additional $40 premium
• Recent exterior capital improvements including exterior paint on all buildings, completely remodeled clubhouse, the addition of artificial turf soccer field, new pool pavers and outdoor kitchen, new property signage, and updated children’s playgrounds

Lead Agent(s): Francesco P. Carriera or Michael P. Regan

Price: $ Market Bid

Total Number of Units: 202

Address: 13021 Kain Palms Court, Tampa, FL 33612, USA

• Through strategic property and management efforts, a buyer could increase Effective Gross Income in year 1 of operations by $237,607
• 89% of the units are in two of the properties 24% of the units were constructed in 2007
• Portfolio consists of a superior unit mix comprised of majority two and three – bedroom floor plans

Lead Agent(s): Cameron S. Barbas

Price: $ 1,500,000

Total Number of Units: 8

Address: 408 South Tampania Avenue, Tampa, FL, USA

• Value add opportunity by increasing average rents $500+
• Unit mix comprised of large two-bedroom/one-bathroom floor plans
• Private gated entry, beautifully updated serene courtyard, and private balconies/patios
• Washer/dryer appliances and large storage closets

Lead Agent(s): Matthew W. Prozzillo

Price: $ 5,100,000

Total Number of Units: 30

Address: 3215 West Swann Avenue, Tampa, FL, United States

• Approximately $27,000 In Loss-to-Lease Available to be Recaptured
• Value Add Opportunity by Increasing Average Rents $200+
• Private Gated Entry, Beautifully Updated Serene Courtyard and Renovated Unit Interiors

Call for Offers: Thursday, March 8th by 5pm EST

Lead Agent(s): Cameron S. Barbas

Price: $ 1,250,000

Total Number of Units: 21

Address: 1105 East Bird Street, Tampa, FL, USA

• Impeccably built concrete block buildings
• Fully stabilized portfolio with an immediate path to rental upside
• 100% fully occupied community with a waiting list
• Washer/dryer connections in select units
• Value add opportunity by increasing rents $100+/unit
• All units are individually metered for water

Lead Agent(s): Joshua Teplitzky

Price: $ 1,550,000

Total Number of Units: 32

Address: 8570 Southeast Mayo Drive, Crystal River, FL 34429, United States

• Highly Desirable 1980s Vintage Construction
• Heavily Renovated Interiors with Individually Sub-metered Buildings
• Opportunity to Gain Significant Market Share in the Citrus River Market
• Ability to Achieve a Year One Cap Rate of 10.75% (28.91% Cash-On-Cash Return)
• Current Average Effective Rents are 15% Below Current Market Rents
• Recapture 133% of Initial Down Payment within Four Years

Lead Agent(s): Benjamin N. Skinner

Price: $ Market Bid

Total Number of Units: 90

Address: 7402 Heritage Hills Drive, Temple Terrace, FL 33637, USA

• Rare opportunity to own 90 units of 1980s concrete block construction in Tampa, FL
• 96% average current occupancy level of all comparable properties
• Opportunity to supply washer/dryer appliances and receive $40 monthly rental premium
• Opportunity to increase NOI by $105,169 through strategic management adjustments and by moving rents up to meet the market
• Clean asset with recent capital improvements including the addition of a front entrance gate, revitalized exterior paint, expansion of pool deck, two new roofs, and reinforced staircases
• Minimal repair and maintenance outlook for next 5 years with recent exterior updates and unit finishes
• $109,551 increase in effective gross income by end of year 1 operations
• Significant rental spread between Avesta Heritage Cove and competing properties

Lead Agent(s): Joshua D. Teplitzky

Price: $ Market Bid

Total Number of Units: 340

Address: 3900 75th Street West, Bradenton, Florida 34209, United States

• Value-add opportunity constructed of concrete block in Tampa, FL
• Opportunity to increase gross possible rent by $401,000
• $209 weighted spread between Diamond Upgraded unit with washer/dryer appliances current market rent and all other finish levels weighted average effective rent
• Recent exterior capital improvements include resurfaced parking lot, revitalized landscaping, and energized building exterior paint
• All corner units with private fenced-in patios

Call for Offers: Thursday, June 28th by 5:30 pm EST

View Offering Here

Lead Agent(s): Francesco P. Carriera or Michael P. Regan

Price: $ 720,000

Total Number of Units: 4

Address:

• Five-minute bike ride to the beautiful Bayshore Boulevard
• Located in Tampa’s urban core within close proximity to multiple redevelopments such as bill gates, Jeff Vinik, and Tampa port authority’s $3 billion downtown/water street redevelopment, the heights redevelopment, west river redevelopment, Tampa international airport’s $1 billion renovation, Westshore marina district and more
• Close proximity to 90+ bars, restaurants, and retail destinations
• Located within a 10-minute drive time of 159,000 jobs within downtown Tampa and Westshore business district

Lead Agent(s): Matthew W. Prozzillo

Price: $ 1,210,000

Total Number of Units: 22

Address: 8602 Pioneer Trail, Port Richey, FL, United States

• Opportunity to collect $9,240 in loss-to-lease by resigning leases at current market rent
• Highly desirable unit mix consisting of all two-bedroom/one and one half-bathroom townhouse units
• Excellent amenity package made up of washer/dryer connections, private patios and a basketball court

Lead Agent(s): Matthew W. Prozzillo

Price: $ 1,450,000

Total Number of Units: 10

Address: 701 1st Street, Indian Rocks Beach, FL 33785, USA

• Well-Built 1970’s Vintage Concrete Block Construction
• Amenitized Property Consisting of a Large Courtyard, Grilling Station, and On-Site Laundry
• Ability to Operate as Annual or Prime Seasonal Rentals
• Current Rents are 18% Below Market Comparable Rents
• Opportunity to Realize a 12%+ Cash-On-Cash Return Near the Beach

Lead Agent(s): Benjamin N. Skinner

Price: $ 850,000

Total Number of Units: 10

Address: 1506 East 138th Avenue, Tampa, FL, USA

• Superior unit mix of all three-bedroom floor plans
• Washer/dryer connections in every unit
• 100% fully occupied community
• Ample off-street parking

Lead Agent(s): Cameron S. Barbas

Price: $ Market Bid

Total Number of Units: 108

Address: 14323 Lucerne Drive, Tampa, FL 33613, USA

• Concrete block construction
• 22% two-bedroom townhouse composition
• Gated community with swimming pool

Lead Agent(s): Cameron S. Barbas

Price: $ Market Bid

Total Number of Units: 14

Address: 7102 S Kissimmee St. Unit A D,Tampa, FL 33608

• Value-add opportunity by increasing NOI 38% by end of year 1
• Approximately $250 average rent increases by end of year 1
• 100% 2 BR/1 BA floorplans with washer/dryer connections and private patios
• 1980’s concrete block construction
• Select units have been upgraded with granite countertops, stainless steel appliances, new cabinets and vinyl plank flooring

Lead Agent(s): Cameron S. Barbas

Price: $ Market Bid

Total Number of Units: 72

Address: 13021 Kain Palms Court, Tampa, FL 33612, USA

• 67% 2007 construction
• 83% two and three-bedroom floor plans
• 12 townhouse style units
• 1,117 average rentable square feet
• Washer/dryer connections in all two and three-bedroom floor plans

Lead Agent(s): Cameron S. Barbas

Price: $ 960,000

Total Number of Units: 12

Address: 11302 North 15th Street, Tampa, FL, 33612

• Superior unit mix of all two-bedroom floor plans with w/d connections
• Concrete block construction
• Fully occupied community
• Stabilized income with value-add opportunity to increase EGI 11%+
• Ample off-street parking

Lead Agent(s): Cameron S. Barbas

Price: $ Market Bid

Total Number of Units: 108

Address: 1756 S Clyde Morris Blvd, Daytona Beach, FL 32119, United States

Built in 1985 with 67 Percent 2×2 Floor Plans

Stabilized Asset with Inherent Upside

• 4.92% total vacancy, concessions and bad debt (T12)
• 7.95% organic effective income growth (T12)
• $53,000 in-place loss-to-lease

Substantial Premium Potential for Upgrades

• Up to $270-295 per month premiums for one and two-bedroom units

Lead Agent(s): Michael P. Regan

Price: $ 728,571

Total Number of Units: 4

Address: 2812 West Estrella Street, Tampa, FL, United States

• Opportunity to Obtain a Bite-Sized, Fully Stabilized Multi-Family Asset in Tampa’s Urban Core
• Ability to Increase rents $203 Upon Lease Renewals and Increase NOI by 6% Without the Need to Infuse more Capital
• Newly Renovated Unit Interior and Exteriors Including Granite Countertops, New Appliances, Original Hardwood Flooring, New Cabinets and Lush Landscaping
• Located in Tampa’s Urban Core Within Close Proximity to Several Redevelopments Such as Bill Gate and Jeff Vinik’s $3 Billion Downtown/Water Street Redevelopment, The Heights Redevelopment, West River Redevelopment and Tampa International Airport’s $1 Billion Renovation
• Superior Walkability to 90+ Bars and Restaurants, Beautiful Bayshore Boulevard and Prestigious Palma Ceia Country Club
• Located within Close Proximity to 159,000 Jobs between Downtown Tampa and Westshore Business District

Lead Agent(s): Camerson S. Barbas or Matthew W. Prozzillo

Price: $ 1,821,429

Total Number of Units: 10

Address: 2915 West Estrella Street, Tampa, FL, United States

• Beautifully Modernized 1920’s Asset with Original Hard Wood Floors, High Ceilings, Granite Countertops, Washer/Dryer Appliances, New Windows and New Cabinets amongst other renovations
• Opportunity to Increase Rents $188 from Current In Place
• Superior Amenity Package includes Private Keyless Entry, Ample off-street covered & uncovered parking, and washer/dryer appliances, Possible on-site Bike Storage

Lead Agent(s):

Price: $ Market Bid

Total Number of Units: 17

Address: 1820 Gulf Shore Boulevard North, Naples, FL 34102, USA

• Develop up to 20 units of luxury waterfront
• Sell individual condominium units for greater than $950 per square foot
• Realize a return-on-investment after closing costs of greater than 30%
• Return-on-investment after closing costs equates to $200+ per square foot 17 existing cooperative units (100% of community)
• 1.34 +/- acres of developable waterfront land
• Potential to be the only mid-rise condominium units built since 2011 on Gulf Shore Boulevard North
• Eight boat slips providing future residents with direct access to the Gulf of Mexico

Call for Offers: Wednesday, May 30th by 5:30 pm EST

Lead Agent(s): Michael P. Regan or Benjamin N. Skinner

Price: $ 1,275,000

Total Number of Units: 16

Address: 3817 Del Prado Boulevard, Cape Coral, FL 33904, United States

• Desirable 1970’s Vintage Concrete Block Construction
• Heavily Renovated Property With a New Roof in Process
• Significant Value-Add Opportunity (Year-One Cap Rate of 9.19%)
• Achievable NOI Increase of 29.44% by Year One of Ownership

Lead Agent(s):

Price: $ Market Bid

Total Number of Units: 208

Address: 801 Chestnut Street, Clearwater, FL 33756

• $508 spread between Prospect Towers Pro Forma rents and The Nolen’s one-bedroom average rent
• 33% average effective rent growth since 2016
• Potential for $71,708 increase in Effective Gross Income by continuing the recently implemented cable reimbursement program
• Potential for a $53,835 increase in Effective Gross Income by implementing a $25 per month flat fee for water and sewer
• Significant capital improvements made in last five years including new air handlers, elevator rehabilitation, and an upgraded amenity package

Lead Agent(s): Francesco P. Carriera or Michael P. Regan

Price: $ Market Bid

Total Number of Units: 47

Address: 17100 Gulf Boulevard, North Redington Beach, FL 33708, United States

• Unrivaled 122 Feet of Beachfront Location Directly on North Redington Beach 47 Condominium Units (100% of Community)
• Potential to be the Only Sizeable Beachfront Multifamily Property in Tampa Bay Diverse Variety of Exit Strategies Including Multifamly, Hospitality, Condominium and Redevelopment
• Gulf-Views from 72% of Units Only 3.3 Miles Away from World Famous John’s Pass Village and Boardwalk

Lead Agent(s): Michael P. Regan

Price: $ Market Bid

Total Number of Units: 268

Address: 8100 US Highway 98, Pensacola, FL, United States

• 95%+ T12 Occupancy
• $113,500 of In-Place Loss-to-Lease Upside Based on Current Asking Rents ($35/unit/year)
• Up to $300 of Rental Upside based on Most-Direct Market Competitors
• Opportunity to Perform Strategic Capital Upgrades to Unit Interiors
• $365 Affordability Gap Between the Cost-to-Own in the Immediate MSA and the Current Average Effective Rent at Fairfield Lakes Apartments

Call for Offers: Wednesday, February 14th by 5pm EST

>>Click Here to View Offering Documents<<

Lead Agent(s): Francesco P. Carriera or Michael P. Regan

Price: $ 780,000

Total Number of Units: 10

Address: 807 9th Avenue North, St. Petersburg, FL, United States

• Highly Desirable Location in the Heart of Growing Downtown St. Petersburg
• Superior Walkability (0.8 Miles) to Downtown St. Petersburg Retail, Dining and Local Nightlife
• Well Built Asset with Great Frontage on 9th Avenue North
• Recently Renovated with New Tile, Laminate Flooring, Formica Countertops, and Raised Panel Cabinets

Lead Agent(s): Joshua D. Teplitzky

Price: $ 1,030,000

Total Number of Units: 14

Address: 2452 Stella Street, Fort Myers, FL 33901, United States

• Optimal Unit Mix Consisting of 100% Two-Bedroom Floorplans
• Heavily Renovated Interiors With a New Roof In 2017
• Current Average Effective Rents are 17% Below Immediately Achievable Pro Forma Rents
• Opportunity to Realize a 10.05% Cap Rate in Year One of Ownership
• Ability to Recapture 103.24% of Initial Equity (Down Payment) Within Four Years

Lead Agent(s):

Price: $ Market Bid

Total Number of Units: 400

Address: 7315 West Hanna Avenue, Tampa, FL 33634, United States

• Approximately $2.5 million invested in exterior and interior renovations since 2016
• 21% of units upgraded and receive rental premiums
• Value-add opportunity to build-upon upgrade program
• 95% current occupancy – well positioned for agency financing

Call for Offers – Wednesday, December 13th

Lead Agent(s): Francesco P. Carriera or Michael P. Regan

Price: $ 18,100,000

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

Lead Agent(s):

Price: $ 675,000

Total Number of Units: 9

Address: 6682 5th Avenue North, St. Petersburg, FL, United States

• Recently Renovated Unit Interiors Which Includes New Appliances, Granite Countertops and New Bathroom Vanities Amongst Many Other Renovations
• Concrete Block Construction Built in 1958 and Renovated in 2015

Lead Agent(s):

Price: $ Market Bid

Total Number of Units: 161

Address: 1992 East Seymour Avenue, Cincinnati, OH 45237, United States

• Extensive $2.65 Million Renovation in last 24 Months
• Opportunity for New Investor to Capitalize on Below-Market Rents that were Compressed During Renovation Period (4% In-Place Loss-to-Lease)
• Phenomenal Entry Position in One of Cincinnati’s Highest Growth Submarkets
• Favorable Unit Mix – 81 Percent Two and Three-Bedroom Floor Plans
• Majority Townhome-Style Floor Plan Layouts

Lead Agent(s):

Price: $ 680,000

Total Number of Units: 8

Address: 1927 Hill Avenue, Fort Myers, FL, United States

• Exceptional Unit Mix Consisting of 100% Two-Bedroom/Two-Bathroom Floorplans
• 1980’s Vintage Concrete Block Structure
• Current Owner Has Invested Over $200,000 in Property Renovations
• High Yield Asset With a Year Three Cash-on-Cash Return of 18.38%

Lead Agent(s): Benjamin N. Skinner

Price: $ Market Bid

Total Number of Units: 120

Address: 62 Cleveland Street, Quincy, FL, United States

• Clear Path to Over a Pro Forma 9% Cap Rate and 16.5%+ Cash on Cash Return
• Rare Low Income Housing Tax Credit (Section 42 LIHTC) Opportunity with Rental Upside
  • $83,918 (8.02%) Loss-to-Lease Upside Based on Current Market Rents
  • Current Average Effective Rents $85/unit/month Below 2017 Max Allowable Rents
• Currently Under-Performing Asset with 85.83% Current Occupancy Compared to 95% Market Average of Inferior Assets
• Operational Upside via Above-Market Average Controllable Expenses
• 89% Two and Three-Bedroom Floor Plan Composition
• 5.09% Gadsden County Max Allowable Rent Growth from 2016 to 2017

Lead Agent(s): Francesco P. Carriera or Michael P. Regan

Price: $ Market Bid

Total Number of Units: 42

Address: 1095 Hancock Creek South Boulevard, Cape Coral, FL 33909, United States

• Approximately $40,000/Unit of Development Costs Already In-Place
• 42 Existing and 56 Fully Approved and Entitled Developable Condominium Grade Class-A Units
• Implement Strategic Remodeling of the Existing 42 Units (12% Rent Increase)
• Recapture 6.38% In-Place Loss-to-Lease Resulting in a $40,200 Addition to Revenue
• Ability to Realize a Stabilized All-In Cap Rate Above of 8% and a Year Five IRR Above 40%
• Realize a Post Development NOI Increase of 223%

Lead Agent(s): Benjamin N. Skinner

Price: $ Market Bid

Total Number of Units: 158

Address: 11300 66th Street North, Largo, FL 33773, United States

• 1984 Concrete Block Construction
• Completely Renovated, Turn-Key Asset with Immediate Cash Flow and Returns
• 95% Current Occupancy – Well Positioned for Agency Financing

Lead Agent(s):

Price: $ Market Bid

Total Number of Units: 481

Address: 300 10th St S, St. Petersburg, FL 33

• Capitalize on Well-Below Market Rents
  • Strategic interior and amenity upgrades
  • Decrease the $447 gap between current rents an
    that of surrounding A-Product
  • Further outperform shadow-market and surrounding
    smaller competing assets
• Profit on Un-Utilized Commercial Retail/Office Space
  •  10,000 total square feet of commercial retail/office space
    of which only 4,000 square feet is currently occupied
  •  Opportunity to add an additional $64,800 in annual gross
    potential revenue
  • Expand upon the existing live, work, play culture

Lead Agent(s):

Price: $ 1,050,000

Total Number of Units: 12

Address: 1919 Ricardo Ave, Fort Myers, FL 33901, United States

• Optimal Unit Mix Consisting of 100% Two-Bedroom Floor Plans
• Rare Opportunity to Acquire a Fully Renovated, High Yield, Low Maintenance Asset
• Significant Upside Through Rental Rate Increases and Loss-to-Lease Recapture
• Opportunity to Recapture 113% of Initial Equity Within Six Years

Lead Agent(s):

Price: $ 25,800,000

Total Number of Units: 281

Address: 2225 Nursery Road, Clearwater, FL 33764, United States

• Un-paralleled Community Amenities
• New Appliance Packages in 27 Units (select appliances replaced as needed in 20 additional units)
• Updated Flooring Throughout 32 Units (10 additional units received new carpet in bedrooms)

Lead Agent(s):

Price: $ Market Bid

Total Number of Units: 338

Address: 4637 Deleon Street, Fort Myers, FL 33907, United States

• 338 Units Built of Concrete Block Construction
• 22 Upgraded Unit Interiors Which Receive a $176 Average Monthly Premium
• $180,756 of In-Place Loss-to-Lease Upside for New Investor
• Two Phases, Both Built of Concrete Block

Lead Agent(s):

Price: $ Market Bid

Total Number of Units: 103

Address: Marietta, GA, United States

• Proven Value Add Opportunity: New Ownership is given an opportunity to push rents by implementing interior upgrades throughout all three properties. Revenue can be pushed with a $100 monthly increase per unit which will boost NOI by $123,600 annually.
• Connectivity to Economic Drivers: Since 2015, the county realized more than $320 million in economic impact and over 5,500 jobs from companies such as Comcast, Aaron’s Inc., Synovus Financial Corp. and The Home Depot expanding within the county’s boundaries.
• Substantial Economic Growth: All three properties are located in Marietta, GA which has a population of over 56,500, an unemployment rate of 5%, and a future job growth over the next decade to be 35%.
• Economies of Scale: This investment opportunity gives investors the ability to acquire 103 units located in a highly desirable market with proven rent growth.

Lead Agent(s):

Price: $ 755,000

Total Number of Units: 12

Address: 1101 16th Street North, St. Petersburg, FL, United States

• Recently Renovated Asset in 2016 with Exterior Paint, and Interior Renovations
• Well Built Asset Constructed of Concrete Block

Lead Agent(s):