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Oakwood Village 18933 Quercus Dr 75 Unit Apartment Building $7,800,000 ($104,000/Unit) Hudson, FL 34667
Investment Highlights
- Property Overview: 75-unit garden-style community built in 1986, situated on 11.78 acres
- Exceptional Leasing Performance: 98.7% pre-leased, reflecting strong demand and stabilized operations
- Untapped Ancillary Income: A bulk cable and internet program offers immediate potential to grow other income
- Diverse Unit Mix: A blend of studio, one-, and two-bedroom floorplans appealing to a broad renter base; 70% of units are equipped with washer and drye
- Recent Capital Improvements: Fresh exterior paint, upgraded landscaping, tree removal, fencing repairs, and upgraded concrete pads and walkways
- In-Unit Laundry Upside: Installing washer/dryer machines in every unit creates an immediate revenue stream while enhancing the resident experience
Executive Summary
Oakwood Village is a 75-unit garden-style community built in 1986 on 11.78 acres in Hudson. Its mix of studio, one-, and two-bedroom floorplans appeals to a broad renter base, and leasing performance is exceptional at 98.7% pre-leased with no tenant more than 30 days delinquent, reflecting strong demand and stabilized operations. Ownership has completed recent capital improvements including fresh exterior paint, upgraded landscaping, tree removal, fencing repairs, and upgraded concrete pads and walkways.
The asset offers an attractive 6.33% going-in cap rate on a tax- and insurance-adjusted basis, with additional upside through a bulk cable and internet program and the installation of in-unit washer and dryer machines. Positioned in coastal Pasco County, Oakwood sits just minutes from the US-19 commercial corridor and Hudson's Gulf Coast beaches, marinas, and waterfront amenities. Roughly 45 miles north of Tampa within the Tampa–St. Petersburg–Clearwater MSA, the property enjoys direct metro access via US-19 and the nearby Suncoast Parkway.
The asset offers an attractive 6.33% going-in cap rate on a tax- and insurance-adjusted basis, with additional upside through a bulk cable and internet program and the installation of in-unit washer and dryer machines. Positioned in coastal Pasco County, Oakwood sits just minutes from the US-19 commercial corridor and Hudson's Gulf Coast beaches, marinas, and waterfront amenities. Roughly 45 miles north of Tampa within the Tampa–St. Petersburg–Clearwater MSA, the property enjoys direct metro access via US-19 and the nearby Suncoast Parkway.
Property Facts
| Price | $7,800,000 | Building Class | C |
| Price Per Unit | $104,000 | Lot Size | 11.78 AC |
| Sale Type | Investment | Building Size | 39,000 SF |
| No. Units | 75 | Average Occupancy | 99% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1986/1990 |
| Apartment Style | Garden | Parking Ratio | 2.56/1,000 SF |
| Zoning | MF1 - Residential | ||
| Price | $7,800,000 |
| Price Per Unit | $104,000 |
| Sale Type | Investment |
| No. Units | 75 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 11.78 AC |
| Building Size | 39,000 SF |
| Average Occupancy | 99% |
| No. Stories | 1 |
| Year Built/Renovated | 1986/1990 |
| Parking Ratio | 2.56/1,000 SF |
| Zoning | MF1 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 23 | - | 288 |
| 1+1 | 47 | - | 576 |
| 2+1 | 1 | - | 864 |
| 2+2 | 4 | - | 864 |
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Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,025,722 | |
| Land Assessment | $472,248 | Total Assessment | $3,497,970 |
Property Taxes
Parcel Numbers
Land Assessment
$472,248
Improvements Assessment
$3,025,722
Total Assessment
$3,497,970
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