1020 Makowski RdWauchula, FL 33873

Property Details for 1020 Makowski Rd

Property size (Sq ft)

128,262 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a portfolio of three multifamily apartment communities totaling 125 units across central Florida. Strategically located in Wauchula, Palatka, and Hastings, these properties boast a combined 128,262 square feet of net rentable space housed within 23 buildings, ranging from one to two stories. Construction dates span from 1971 to 1973, featuring durable concrete slab foundations, brick exteriors, and pitched roofs. The properties sit on substantial land parcels, with 4.0 acres in Wauchula, 3.79 acres in Palatka, and 1.57 acres in Hastings. A significant advantage is the existing Section 8 subsidy contracts covering 115 (92%) of the units, providing stable income and strong cash flow. The properties have consistently achieved high REAC scores, exceeding 80, demonstrating excellent operational efficiency and maintenance. While Mellon Manor and Hastings Apartments (located 13 miles apart in Putnam and St. Johns Counties) must be sold together, Wauchula Gardens is available for separate purchase. This portfolio benefits from Florida's robust affordable housing market, further enhanced by recent legislative initiatives like the Live Local Act (SB 102), allocating substantial funds for affordable housing preservation and development. This presents a compelling investment opportunity with significant potential for long-term growth and return.

Location Insight

City

Wauchula

County

Hardee

State

Florida

Latitude

27.5341

Longitude

-81.8113

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].