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Build To Rent, 20 New Const Homes, 20% down 3505 Main Street 20 Unit Apartment Building $8,933,888 CAD ($446,694 CAD/Unit) 7% Cap Rate Hawthorne, FL 32640
INVESTMENT HIGHLIGHTS
- Single Family For Rent Community
- Opportunity to Purchase in Bulk Under Appraised Valuation of $355,000 Per Home
- Putnam County has Significantly Lower RE Taxes than neighboring Alachua County
- Developer Guarantees Rent for 1 year
- Close Proximity to University of Florida
- Approximately 4-6 month Completion Time Frames
EXECUTIVE SUMMARY
ONE Commercial Real Estate is pleased to present the West Lake build to-rent investment opportunity, strategically located near Gainesville, FL. 20 New Construction homes to be constructed with 20% down! (Asking $320,000 per home, homes appraised at $358,000) Single Family for rent boasts great benefits to larger scale/traditional multifamily with 4-6 month construction to completion, lower vacancy and tenant turnover, lower operating expenses and recession resistant! Gainesville is a dynamic hub that is home to the University of Florida and renowned for its high quality of life, affordability, and abundant amenities. This development is designed to address the growing demand for single-family rental homes, capitalizing on opportunistic location to deliver top-tier living spaces tailored to modern renters. The project promises substantial passive income through economic resilience, highlighted by low tenant turnover and minimal capital expenditures. Supported by an experienced development team with a track record of successful construction strategies and driven by strong market demand, West Lake stands out as a profitable and sustainable investment.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Picnic Area
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Lake Access
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 20 | $3,211 CAD | 1,799 - 1,958 |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $8,647 CAD | Total Assessment | $8,647 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$8,647 CAD
Improvements Assessment
$0 CAD
Total Assessment
$8,647 CAD
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Build To Rent, 20 New Const Homes, 20% down | 3505 Main Street
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