475 UMATILLA Blvd Umatilla, FL 32784

This fully renovated multifamily property offers 16 residential units, configured as four two-bedroom, one-bath apartments, 11 one-bedroom, one-bath apartments, and one studio unit. Unit interiors have been remodeled, with in-unit laundry included in every unit. The building also has extensive capital upgrades, including updated electrical systems, newer HVAC units, and upgraded water heaters.

The property provides ample on-site parking, supporting resident convenience for both short- and long-term occupancy. Public remarks note that it is currently 100% occupied with long-term tenants, contributing to immediate income continuity. The asset is described as zoned and suitable for both short-term and long-term rental strategies, giving ownership flexibility going forward.

For buyers or operators looking for a turn-key residential income asset, the combination of completed renovations and major systems updates reduces near-term deferred maintenance concerns. The unit mix supports a range of tenant needs across studio, one-bedroom, and two-bedroom layouts, while the added convenience of in-unit laundry aligns with practical everyday resident requirements. Based on the provided materials, this offering is positioned as an investment opportunity with a stated 9.5% cap rate.