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The Lodge of the gated community the Ravines 3145 Ravines Rd 11 Unit Apartment Building $2,000,000 ($181,818/Unit) 4.18% Cap Rate Middleburg, FL 32068
Investment Highlights
- Located in the desirable gated community of The Ravines
- Stable cash flow
- Total renovation in 2022
Executive Summary
Investment Opportunity in The Ravines – Middleburg, FL
Rare chance to own a fully renovated 11-unit multifamily property in the gated community of The Ravines. Completed in 2022, this building is 100% occupied and generating strong rental income with a mix of long-term and short-term tenants.
- 8 Efficiency Units: $1,200/month each (3 currently operating as short-term rentals through iTrip: The Den at The Ravines)
- 2 One-Bedroom Units: $1,500/month each
- 1 Two-Bedroom Unit: $1,800/month
Total of 11 doors, all modernized and income-producing. HOA dues are only $51/month per unit, keeping operating costs low.
The Ravines is a private, gated neighborhood offering a peaceful, wooded setting while still being convenient to shopping, dining, and major roadways. Strong rental demand in Middleburg and Clay County makes this a prime addition to any portfolio.
Whether you’re seeking stable cash flow or short-term rental upside, this turnkey property is ready for its next owner.
Rare chance to own a fully renovated 11-unit multifamily property in the gated community of The Ravines. Completed in 2022, this building is 100% occupied and generating strong rental income with a mix of long-term and short-term tenants.
- 8 Efficiency Units: $1,200/month each (3 currently operating as short-term rentals through iTrip: The Den at The Ravines)
- 2 One-Bedroom Units: $1,500/month each
- 1 Two-Bedroom Unit: $1,800/month
Total of 11 doors, all modernized and income-producing. HOA dues are only $51/month per unit, keeping operating costs low.
The Ravines is a private, gated neighborhood offering a peaceful, wooded setting while still being convenient to shopping, dining, and major roadways. Strong rental demand in Middleburg and Clay County makes this a prime addition to any portfolio.
Whether you’re seeking stable cash flow or short-term rental upside, this turnkey property is ready for its next owner.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $181,818 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.98 AC |
| Cap Rate | 4.18% | Building Size | 9,906 SF |
| No. Units | 11 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1985/2022 |
| Zoning | MF - Multi-family | ||
| Price | $2,000,000 |
| Price Per Unit | $181,818 |
| Sale Type | Investment |
| Cap Rate | 4.18% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 9,906 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2022 |
| Zoning | MF - Multi-family |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Lawn
- Pantry
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | $1,200 | - |
| 1+1 | 2 | $1,500 | - |
| 2+2 | 1 | $1,800 | - |
Property Taxes
| Parcel Number | 13-05-24-021388-178-16 | Total Assessment | $887,185 |
| Land Assessment | $35,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $852,185 | Tax Year | 2025 |
Property Taxes
Parcel Number
13-05-24-021388-178-16
Land Assessment
$35,000
Improvements Assessment
$852,185
Total Assessment
$887,185
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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The Lodge of the gated community the Ravines | 3145 Ravines Rd
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