150-221 SE SUNDIAL PL, Lake City, FL 32025
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Shantrece Thomas

Shantrece Thomas

+1(904) 760-6560
$ 10,200,000
Est. payment | /mo

51,190 SqFt

Save
$ 10,200,000
Est. payment | /mo
Save

51,190 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 51,190 sqft

Price per Sqft $199

MLS Listing ID 2146262

Year Built 1986

Lot Size 6.630 Acres

Acres 6.63

Property Sub-Type Multi Family

Source realMLS (Northeast Florida Multiple Listing Service)

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.

Location

State FL

County Columbia

Area 803-Columbia-Southeast

Direction From Jacksonville, travel west on I-10 to I-75 North.

Exterior

Parking Features Parking Lot

Private Pool No

Building

Lot Description Cleared

Story 2

Level or Stories 2

Others

Tax ID 17-4S-17-08437-000

Listed by IRON VALLEY REAL ESTATE NORTH FLORIDA • ELIZABETH M MOSES

NEARBY SCHOOLS & PROPERTIES

Shantrece Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(904) 760-6560

shantrecethomas@gmail.com

200 W FORSYTH STREET SUITE 1605, Jacksonville, Florida, 32202, United States

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150-221 SE SUNDIAL PL