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101294 . Dynamic Sfr Scattered Across FloridaCitrus Springs, FL 34434

193-unit, cash-flowing SFR portfolio in Citrus Springs, FL

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 193-unit single-family rental portfolio located in Citrus Springs, Florida, encompassing a total of 225,461 square feet across a 659,000 square foot lot. Built in 2022, this stabilized, fee-simple portfolio boasts 100% occupancy. Each of the 193 buildings is a single-family rental unit, offering significant cash flow potential. The portfolio benefits from lower insurance premiums, first-year property taxes, and maintenance costs due to the new construction and included warranties. A comprehensive builder warranty covers the first year, followed by a 2-10 extended warranty for up to ten years, minimizing potential repair expenses. Durable finishes, such as granite countertops and luxury vinyl plank flooring, contribute to lower turnover costs. The properties' new construction also translates to historically lower vacancy rates and credit losses. This portfolio presents a compelling investment opportunity for those seeking a stable, high-performing asset in a growing Florida market. Seller financing options are available, with interest rates ranging from 4.25% to 5.50% for qualified investors. The seller also offers two years of free property management. The seller's current build cycle includes over 5000 lots, providing potential for future expansion.

Highlights

  • Lower insurance premiums due to current building codes.
  • Lower first-year property taxes based on lot value, not full home value.
  • Low maintenance costs due to new construction, a one-year builder warranty, and a 10-year 2-10 Home Buyers Warranty.
  • Reduced turnover costs from durable finishes like granite countertops and luxury vinyl plank flooring.
  • Lower vacancy rates and credit losses due to historically longer tenant occupancy.

Property Details for 101294 . Dynamic Sfr Scattered Across Florida

Property type
Residential income homes
Square Feet
225,461 SF
Year Built
2022
Buildings
193
Units
193

Location Insight

City
Citrus Springs
County
Citrus
State
Florida
Latitude
28.9894788
Longitude
-82.4117225
101294 . Dynamic Sfr Scattered Across Florida, Citrus Springs, Florida

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101294 . Dynamic Sfr Scattered Across Florida
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