About DLP Central FL Portfolio
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 which includes Village at Valencia, 96 units in Titusville and Spanish Villas, 56 units in South Daytona. Both properties possess significant value-add upside and can be purchased separately or together. The opportunity to complete the in-unit value-add programs are supported by conventional asset quality and strong growth markets surrounded by economic drivers.
Village at Valencia totals 96 units. A total of 56 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. There is an opportunity to further capture $120 premiums by finishing the unit renovations on the remaining 46% of units.