Lantana Village Apartments | 721 SW 19th Ave
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Lantana Village Apartments 721 SW 19th Ave
24 Unit Block of Flats £2,345,983 (£97,749/Unit) Ocala, FL 34471
Investment Highlights
- Concrete block construction
- Renovations in 2018-2019
- Close proximity to Florida Crossroads Distribution and Logistics Park - with over 5 million sq ft of warehousing and distribution facilities
- New metal roofs in 2019 for all buildings
- Locate minutes to Downtown Ocala
Executive Summary
24-unit multi-family portfolio (12 duplexes) all on one 3.89-acre parcel, located within minutes to downtown Ocala. These units all consist of 2-bedroom 1-bath units, and are currently 100% occupied, providing immediate cash flow to new Owners. All 12 buildings have newer metal roofs, installed in 2019, and have seen various upgrades, and renovations over the last few years. There is immediate opportunity for rental increases with current rents well below market.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,345,983 | Lot Size | 3.89 AC |
| Price Per Unit | £97,749 | Building Size | 17,416 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 24 | Number of Floors | 1 |
| Property Type | Residential | Year Built/Renovated | 1971/2018 |
| Property Subtype | Apartment | Parking Ratio | 1.61/1,000 SF |
| Apartment Style | Low Rise |
| Price | £2,345,983 |
| Price Per Unit | £97,749 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 3.89 AC |
| Building Size | 17,416 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built/Renovated | 1971/2018 |
| Parking Ratio | 1.61/1,000 SF |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 24 | - | 517 |
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PROPERTY TAXES
| Parcel Number | 22739-001-00 | Total Assessment | £826,453 (2023) |
| Land Assessment | £0 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
22739-001-00
Land Assessment
£0 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£826,453 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | R2 (Residential) |
| R2 (Residential) |
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Lantana Village Apartments | 721 SW 19th Ave
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