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Town View Place Apartments 87 Central Ave 17,946 SF 100% Leased Retail Building Umatilla, FL 32784 $1,963,265 CAD ($109.40 CAD/SF) 9.48% Cap Rate
INVESTMENT HIGHLIGHTS
- Recently Renovated Units
- Walking Distance to Downtown Umatilla
- Reach out to Josh for more information
- Mixed Use Property
- Separately Metered Utilities
EXECUTIVE SUMMARY
Towne View Place Apartments which is a 14 unit Mixed-Use Property. It's concrete block construction with a flat roof, consisting of approximately 17,946 gross square feet and is situated on .16 acres. There are 10 one bedroom, one and a half bath units. The building has commercial space on the first floor that consists of a barbershop, janitorial services, warehouse, and restaurant. The units all have central AC and utilities are separately metered.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
17,946 SF
Building Class
C
Year Built
1916
Price
$1,963,265 CAD
Price Per SF
$109.40 CAD
Cap Rate
9.48%
NOI
$186,130 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.46 AC
Zoning
c1 - Neighborhood Commercial
Parking
13 Spaces (0.72 Spaces per 1,000 SF Leased)
Frontage
139’ on Central Ave
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
3,055
9,179
20,986
77,990
2029 Population
3,563
10,707
24,391
88,659
2024-2029 Projected Population Growth
16.6%
16.7%
16.2%
13.7%
Median Age
43.8
45.5
45.1
45.3
College Degree + Higher
18%
21%
20%
15%
Daytime Employees
1,481
2,897
4,505
31,409
Total Businesses
226
376
629
4,128
Average Household Income
$81,935
$92,857
$87,802
$83,049
Median Household Income
$65,877
$71,249
$69,961
$65,324
Total Consumer Spending
$38.5M
$123.5M
$269.3M
$919M
2024 Households
1,273
3,747
8,604
32,966
Average Home Value
$306,387
$314,343
$298,225
$338,628
$ values in USD
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $352,033 CAD | |
| Land Assessment | $84,139 CAD | Total Assessment | $436,173 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$84,139 CAD
Improvements Assessment
$352,033 CAD
Total Assessment
$436,173 CAD
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Town View Place Apartments | 87 Central Ave
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