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4th Place Apartments

4th Place Apartments

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

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San Juan Apartments

San Juan Apartments

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

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Avesta Heritage Cove Apartments

Avesta Heritage Cove Apartments

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

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Prospect Towers

Prospect Towers

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

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Imperial Village Apartments

Imperial Village Apartments

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

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Pensacola Station

Pensacola Station

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

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Villas at Deer Park

Villas at Deer Park

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

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KAIN Portfolio

KAIN Portfolio

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

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New America Condos

New America Condos

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

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Osprey Landings Apartments

Osprey Landings Apartments

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

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Fairfield Lakes Apartments

Fairfield Lakes Apartments

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

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Lafayette Apartments

Lafayette Apartments

Price: $ 375,000

Total Number of Units: 5

Address: 1919 Ricardo Avenue, Fort Myers, FL, United States

  • Optimal Unit Mix Consisting of 60% Two-Bedroom Floorplans
  • Well Built Concrete Block Construction with Central A/C
  • Low Density Community with Future Redevelopment Opportunities
  • Significant Upside Through Rental Rate Increases and Loss-to-Lease Recapture

Lead Agent(s):

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The Views of Mt. Airy

The Views of Mt. Airy

Price: $ Market Bid

Total Number of Units: 282

Address: 2992 High Forest Ln, Cincinnati, OH 45223, United States

Call For Offers – Tuesday, August 1st

  • Current Average Effective Rents $162 Below Market Average
  • $144,000 of Additional Revenue Potential in Year 1 Through Strategic Upgrades
  • Extensive Capital Improvements Including All New Roofs and Windows

Carriera Regan in conjunction with Andrews Dickman

Lead Agent(s):

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The Park at Cortona

The Park at Cortona

Price: $ Market Bid

Total Number of Units: 220

Address: 5233 US Highway 98 North, Lakeland, FL, United States

  • Over $1.9 Million of Capital Improvement Renovations Within the Last Three Years
  • Value-Add Opportunity | Adjacent 9 Acres Allows for Additional 160 Units with Building Plans in Place
  • Stabilized Asset with Historically High Occupancy Levels

Call For Offers: Thursday, March 9th – 5:00 p.m. EST

Lead Agent(s):

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