SQUARE FEET51,190
MLS#2146262
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Introducing Sundial Apartments - a 107-unit multifamily investment opportunity strategically positioned in the heart of Lake City, known as the ''Crossroads of Florida'' due to its exceptional connectivity via I-10 & I-75. This well-performing asset offers investors stable in-place income, strong historical occupancy, and immediate upside potential through rental growth. Current occupancy stands at an impressive 96%. Property offers 62 studio/efficiency units (400 sq ft), 37 standard 1BR units (550 sq ft), and 8 larger 1BR units (750 sq ft). Sundial presents a compelling value-add opportunity with current lease rates estimated to be approximately 10% below comparable properties. New ownership has the opportunity to implement strategic rent increases while maintaining strong occupancy, creating immediate potential for revenue growth and enhanced cash flow.
Property Features
Property Type: Commercial - Business
Lot Size: 6.63 Acres
Year Built: 1986
Feature Descriptions
Units: 107
Listed By / Shown By
Listed By
Agency Name: IRON VALLEY REAL ESTATE NORTH FLORIDA
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
150-221 SE Sundial Place | MLS# 2146262
This commercial property located at 150-221 SE Sundial Place, Lake City, FL 32025 is currently listed for sale with an asking price of $10,200,000. Search Lake City real estate on www.realtymark.net today.