DLP Central FL Portfolio

Posted: 1/25/2019
152 Units
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Spanish Villas
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Spanish Villas
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Spanish Villas
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Spanish Villas
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Spanish Villas
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Spanish Villas
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Spanish Villas
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Spanish Villas
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Spanish Villas
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Spanish Villas
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The Villages at Valencia
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The Villages at Valencia
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The Villages at Valencia
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The Villages at Valencia
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The Villages at Valencia
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The Villages at Valencia
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The Villages at Valencia
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The Villages at Valencia
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The Villages at Valencia

About

About DLP Central FL Portfolio

Can be purchased individually or together
BOTH PROPERTIES LOCATED IN A DESIGNATED OPPORTUNITY ZONE

Cushman & Wakefield, as exclusive advisor, is pleased to present a strategically positioned investment opportunity in Titusville and South Daytona. The DLP Capital Central Florida Portfolio (the "Properties") - is composed of two garden-style residential assets totaling 152 apartment units located in high-growth submarkets. Both properties possess significant value-add upside. The opportunity to complete the in-unit value-add programs are supported by conventional asset quality and strong growth markets surrounded by economic drivers. Offers can be submitted individually or as a portfolio.

Spanish Villas features 56 units of one- and two-bedroom floor plans. Current ownership has made significant investment into the infrastructure of the property. They have invested $260k into roofs, energy-efficient appliances and HVAC’s. Village at Valencia totals 96 units. A total of 46 units have been upgraded with the addition of any combination of vinyl plank flooring, resurfaced countertops, new plumbing fixtures, new lighting fixtures, new kitchen cabinetry and bathroom vanities, plus either black or stainless-steel appliances. Current ownership has also invested a significant amount of capital into the exteriors and common area, totaling over $1 million.

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