6-Unit Multi-family Investment

Discover the potential of this bustling Belleview neighborhood, known for its convenience and charm. Situated in close proximity to major highways and urban amenities, the area surrounding the property offers a dynamic mix of residential and commercial appeal. With easy access to retail centers, dining establishments, and recreational spaces, this location captures the interest of prospective multifamily and high-rise investors. Nearby attractions, including the picturesque Lake Lillian and Belleview Sports Complex, enhance the area's desirability. Explore the promising multifamily market in this vibrant locale, where the fusion of urban convenience and community allure presents lucrative opportunities for astute investors.Well-located 6-unit multifamily investment opportunity in Belleview, Florida, featuring two concrete block buildings with three units each. The property offers a straightforward unit mix and stable in-place income with immediate upside potential through rent growth and lease stabilization. Each unit is currently leased on a month-to-month basis, providing flexibility for a new owner to reposition, renovate, or implement market-rate rents over time. Current rents average approximately $700 per unit, which are below prevailing market levels for comparable units in the area. Recent capital improvements include a new roof, reducing near-term maintenance exposure. The seller is offering a $60,000 credit at closing to address prior sinkhole remediation, allowing a buyer to control the scope and execution of the repair post-closing. This property is well suited for an investor seeking a value-add multifamily asset with stable cash flow, low management complexity, and upside through operational improvements in a growing Marion County submarket.