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2420 Burlington

2420 Burlington

Price: $ 400,000

Total Number of Units: 4

Address: 2420 Burlington Avenue North, Saint Petersburg, FL, USA

  • New roof installed (2017)
  • Clean interior finishes
  • Exceptionally well-built 1920s historic asset

Lead Agent(s): Joshua Teplitzky

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The Summit Portfolio

The Summit Portfolio

Price: $ Market Bid

Total Number of Units: 108 Units/216 Beds

Address: 600 Eugenia Street, Tallahassee, FL, USA

  • 216 student housing beds located just 0.4-miles from the Florida State campus
  • Two-property portfolio built in 2002
  • Ability to serve as the low-cost provider within the rapidly expanding College Town submarket
  • Significant upside available by increasing rental rates to trail the College Town average by $168/month

University Highlights:

  • 41,368 total enrollment (32,929 undergraduate)
  • Florida State University recently made a significant jump in the national public-school rankings, moving all the up to the 26th best public university in the United States
  • Legacy Hall, Florida State’s Future College of Business is set to open in the Arena Development District, which is located just 0.4-miles from the Summit Portfolio
  • Florida State University saw a record number of enrollment applications for the 2018/19 academic year
  • Jim Moran College of Entrepreneurship was recently completed in Downtown Tallahassee

Call for Offers: Thursday, October 25th by 5:30pm EST

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

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Moncler Isles

Moncler Isles

Price: $ Market Bid

Total Number of Units: 484

Address: 6158 Beacon Isles Drive, Tampa, FL 33615, USA

  • 484 unit gated multifamily community with four scenic lakes in Tampa, FL
  • Perfect value-add opportunity in a market with limited value-add properties remaining
  • $112 average effective rental spread between standard and upgraded
  • Valencia at Westchase (property directly adjacent to Moncler Isles) currently charges $415 and $543 more than the Moncler Isles standard average effective rents on 1×1 and 2×2 floor plans, respectively
  • $226 spread between average current asking rents at all competing properties and the current average effective upgraded rents at Moncler Isles 1×1 floor plans
  • $260 spread between average current asking rents at all competing properties and the current average effective upgraded rents at Moncler Isles 2×2 floor plans
  • $570,688 increase in end of year 1 effective gross income through upgrading 155 units
  • $1,554,840 increase in end of year 3 effective gross income at 100% upgraded units
  • $168,024 in-place loss-to-lease upside (currently achieving market rent in 24% of units)
  • $1,357,887 increase in end of year 3 net operating income

Call for Offers: Thursday, September 27th by 5:30pm EST

>>View Deal Portal Here<<

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

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The Park at Ravenna

The Park at Ravenna

Price: $ Market Bid

Total Number of Units: 300

Address: 6919 Bonair Drive, Tampa, FL 33617, USA

  • 300-unit multifamily community constructed of concrete block, located in Tampa, FL
  • 3.2 million in capital expenditures since 2016
  • $228,948 immediate upside through in-place loss-to-lease
  • Opportunity to increase rents 14% on top of the current average
  • $340,247 (21%) increase in Net Operating Income in year 1
  • Exterior renovations include revitalized landscaping, repaired common area lighting, all new roofs, repaired stairs and siding, new paint, remodeled clubhouse, energized community amenities, and a remodeled clubhouse
  • Interior renovations include new modern white cabinets, white appliances, modern vinyl flooring, new ranges, resurfaced countertops, updated lighting package, updated hardware, ceilings fans, and blinds

Call for Offers: Thursday, October 4th by 5:30pm EST

>>View Deal Portal Here<<

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

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Tropic Aire Apartments

Tropic Aire Apartments

Price: $ 1,800,000

Total Number of Units: 16

Address: 135 8th Avenue Northeast, St. Petersburg, FL 33701, USA

  • Concrete block 1950s construction
  • 16 studio units in St. Petersburg’s highly desirable submarket Old Northeast
  • Well maintained original hardwood flooring

Lead Agent(s): Eric P. Simone

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Port Tampa Apartments

Port Tampa Apartments

Price: $ Market Bid

Total Number of Units: 14

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

  • 26% cash-on-cash return after year 1
  • Value-add opportunity by increasing NOI 38% by end of year 1
  • Approximately $250 average rent increases by end of year 1
  • 100% 2 bedroom/1 bath 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

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Tampa Bay Portfolio

Tampa Bay Portfolio

Price: $ 1,150,000

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

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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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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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