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Fully Renovated Multifamily Building

475 UMATILLA Blvd, Umatilla, FL 32784

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For Sale

$1,900,000

Fully renovated 16-unit property with in-unit laundry, updated major systems, and ample on-site parking for stable rental operations.

Type:Investment

HighLights

Fully renovated 16‑unit multifamily built in 1930 with in‑unit laundry in every unit
Unit mix: 4 two‑bedroom/one‑bath, 11 one‑bedroom/one‑bath, and 1 studio unit
Extensive upgrades include updated electrical, newer HVAC units, and upgraded water heaters
Ample on‑site parking and currently 100% occupied with long‑term tenants
Zoned and suitable for both short‑term and long‑term rental strategies for ownership flexibility

We can help!

Listing Contact

Victor Avila

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For Sale

$1,900,000

Fully renovated 16-unit property with in-unit laundry, updated major systems, and ample on-site parking for stable rental operations.

Type:Investment

Added:: Jun 20, 2026
Days on Market:: 2
Last Refresh:: Jun 21 at 2:19 am

Property Features for 475 UMATILLA Blvd

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1930

We can help!

Listing Contact

Victor Avila

Listing agent Victor Avila License #3372973

Listing office LPT Realty, LLC.

Listing date Jun 20, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty, LLC.

HighLights

Fully renovated 16‑unit multifamily built in 1930 with in‑unit laundry in every unit
Unit mix: 4 two‑bedroom/one‑bath, 11 one‑bedroom/one‑bath, and 1 studio unit
Extensive upgrades include updated electrical, newer HVAC units, and upgraded water heaters
Ample on‑site parking and currently 100% occupied with long‑term tenants
Zoned and suitable for both short‑term and long‑term rental strategies for ownership flexibility

Overview

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.

Location Intelligence

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Local Demand

City: Umatilla
County: Lake
State: Florida
Longitude: -81.6677729
Latitude: 28.9327193

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For sale
Apartment buildings
FL
Umatilla
32784
475 UMATILLA Blvd

What type of property is this?

Apartment building - Fully renovated 16-unit property with in-unit laundry, updated major systems, and ample on-site parking for stable rental operations.

Where is this apartment building located?

The property is located at 475 UMATILLA Blvd Umatilla, FL.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: Fully renovated 16‑unit multifamily built in 1930 with in‑unit laundry in every unit; Unit mix: 4 two‑bedroom/one‑bath, 11 one‑bedroom/one‑bath, and 1 studio unit; Extensive upgrades include updated electrical, newer HVAC units, and upgraded water heaters