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Perry Apartments Village 2273 S Byron Butler Pky 40 Unit Apartment Building $6,168,555 CAD ($154,214 CAD/Unit) 8.14% Cap Rate Perry, FL 32348

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Investment Highlights

Located in an Opportunity Zone offering tax deferral and appreciation benefits.
Strong occupancy at 92.5% with immediate cash flow and financing flexibility.
Proximity to major employers and Perry’s primary commercial corridor.

40-unit community across eight two-story buildings on a three-acre site.
Recent capital improvements include all roofs replaced in Q4 2024.
Amenities include on-site office, laundry facility, secure mail center, and private patios or balconies.

Executive Summary

Warren & Company is pleased to offer Perry Apartments Village, a 40-unit community in the heart of downtown Perry, Florida. Built in 1977, the community provides stable workforce housing with immediate access to US-19/98, Perry’s primary commercial corridor.
At a $4.5M price, a 7.76% going-in cap rate, the property delivers strong cash flow immediately. Lender underwriting indicates favorable financing, including potential 2 yr to 5yr interest-only, supporting cash-on-cash returns well above 14% with a comfortable DCR over 1.5. Call for details.
PROPERTY PROFILE
3-acres offering privacy and quiet surroundings
40 units across eight (8) two-story buildings
42,745 rentable SF
UNIT MIX
A mix of 1BR, 2BR, and 3BR units broadens tenant demand supporting strong occupancy.
4 × 1BR / 1BA
31 × 2BR / 1BA
5 × 3BR / 2BA
Features and amenities include an on-site office, laundry facility, secure mail center, picnic area, and ample parking. Units have direct entry with private patios or balconies.
All roofs were replaced in Q4 2024.
Located in an Opportunity Zone.

Perry Apartment Village OM NF

Property Facts

Price	$6,168,555 CAD	Building Class	C
Price Per Unit	$154,214 CAD	Lot Size	3.05 AC
Sale Type	Investment	Building Size	42,745 SF
Cap Rate	8.14%	Average Occupancy	92%
No. Units	40	No. Stories	2
Property Type	Multifamily	Year Built	1977
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Garden

Price	$6,168,555 CAD
Price Per Unit	$154,214 CAD
Sale Type	Investment
Cap Rate	8.14%
No. Units	40
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	3.05 AC
Building Size	42,745 SF
Average Occupancy	92%
No. Stories	2
Year Built	1977
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.