Historical Multifamily Sale Listing - Walden Landing Apartment Homes

Multifamily For Sale

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Walden Landing Apartment Homes

305 W Grant Street, Plant City, FL 33563

N/A

44 Units | Multifamily

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Walden Landing

Multifamily Property - Off Market

Price:
N/A
No. Units:
44
Building Size:
43,000 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3.5%
Gross Rent Multiplier:
6.50
Occupancy:
95%
No. Stories:
2
Year Built:
1986
Lot Size:
2.50 AC
Parking Ratio:
88 / 1,000 SF
Listing ID
15276527
Last Updated
over 1 year ago

Highlights

  • Excellent Location
  • Good Unit Mix
  • Upgraded since 2005
  • Located on major corner
  • Upside in Rents
  • Excellent Residents

Description

New roofs on all bldgs will be installed PRIOR to sale. Property appraised in April 2011 for $2,350,000. Owneship has invested $250k since 2005. Excellent location & excellent price for quick sale. Loan is assumable.

Excellent corner location w/ oustanding visability/ traffic. 95% + occupied. Leasing office on-site, Laundry Room on-site. New Hills Cnty Charter School opened 2009 adjacent to property adds tremendous traffic/ interest from parents/ faculty

FL Strawberry Festival & Historic Downtown, see also: and:

44 Units total, (16) 1/1's, (16) 2/2's, and (12) 3/2's. W/D hook ups, balconies, patios, vaulted ceilings in upper 2's, dishwashers, walk in closets. Large pool. Too many improvements to list. Many unit interiors upgraded since 2005, new carpeting, upgraded appliances, lighting, fixtures, etc. Exterior painting, lighting, vinyl fencing, office, and many, many other upgrades.

Walden Landing competes w/ only (4) other comperable rental communities in area. Current rent structures are 10-15% below other communities, so immediate increases are expected.

25 minutes to Tampa Int'l airport. 10 mintues to Lakeland, Brandon, Valrico. 45min to Orlando From Int 4, EXIT ALEXANDER ONLY and drive 2 miles, turn left on Grant Street. Proceed 1 mile to corner of Grant & Evers. "SALE IS CONFIDENTIAL & MUST HAVE PERMISSION TO ENTER"

Map of 305 W Grant Street, Plant City, FL 33563 (Hillsborough County)

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