Lakeside Villas

Lakeside Villas

Avon Park, FL
Under Contract
  • Property Type: Apartments
  • Year Built : 1981
  • Property Size: 52,660 SF / 55 Units

Overview

Capstone Companies is proud to represent Lakeside Villas: a 55-unit offering near the heart of Avon Park, Florida. Lakeside Villas is one of the superior assets in this competitive market. This well-maintained asset boasts some of the largest two-bedroom floor plans in the area and has a strong history of capturing rental demand in the market. The property consists of spacious one- and two-bedroom units with considerable capital improvements completed by current ownership. All units come with full size washers and dryers, in addition to other upgrades. New ownership will have the immediate opportunity to increase rents significantly—in excess of $100—bringing Lakeside Villas in line with the market. The property also features outdoor amenities which include a swimming pool and a tropical cabana space. Lakeside Villas has recently undergone extensive capital improvements addressing both unit interiors and exterior deferred maintenance, allowing new ownership to focus on maximizing revenue enhancement.

Investment Highlights

  • Extensive Interior & Exterior Capital Improvements
  • High Demand & Below Market Rents
  • Centrally Located Near employment & Amenities
  • Large Floorplans & COVID-19 Resistant Features

Contact Information

Tom Huffsmith Investment Sales Advisor P: 321.418.5224
O: 800.261.9464 ext. 706
tom@capstone-companies.com
Nasser Al-Hafi Investment Sales Advisor P: 407.284.7071
O: 800.261.9464 ext. 719
nasser@capstone-companies.com
Brian Hunsicker Senior Advisor P: 727.631.5870
O: 800.261.9464 ext. 700
h.brian@capstone-companies.com
Jad Richa Managing Director P: 727.282.5547
O: 800.261.9464 ext. 703
jad@capstone-companies.com
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