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Park Lane Apartments

Park Lane Apartments

Price: $ 1,700,000

Total Number of Units: 17

Address: 725 2nd Street North, St. Petersburg, FL 33701, United States

  • Well-Constructed 1970s Vintage Concrete Block Structure
  • Thirteen Units on Month-To-Month Leases Allowing for Renovations to Begin Immediately
  • Current Average Effective Rents are 36% Below Market Comparables
  • Property Amenities Include Four Large Storage Rooms, Two Laundry Facilities, and a Large Courtyard
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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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Oak Crest Villas

Oak Crest Villas

Price: $ 1,880,000

Total Number of Units: 32

Address: 1641 NE 70th St, Ocala, FL 34479, United States

  • Attractive Unit Mix Consisting of 100% 868 Square Foot Two-Bedroom/One-Bathroom Units
  • Extensive Renovation Costing More than $259,000 since 2014 which includes Raised Panel Cabinetry, Faux-Granite Countertops, tile flooring and More.
  • Well-Constructed Concrete Block Asset
  • Located Only 6.3 Miles from FedEx Ground’s New $170 Million Distribution Hub
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Hill Avenue Apartments

Hill Avenue Apartments

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%
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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
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Arbor Crest Apartments

Arbor Crest Apartments

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
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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

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Sandalwood Beachfront Rentals

Sandalwood Beachfront Rentals

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
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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

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