Fully Renovated Multifamily
For Sale
$1,900,000
475 UMATILLA Blvd, Umatilla, FL 32784
Fully renovated 16-unit property with in-unit laundry, updated major systems, and ample on-site parking for stable rental operations.
Property SizeContact for details
Days on Market48
Property Features for 475 UMATILLA Blvd
General Information
Standard status
Active
Property subtype
Investment
Occupancy
100%
Financials
Cap Rate
9.5%
Business Included
Yes
Additional Details
Multifamily Units
16
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
LPT Realty, LLC.
(407) 962-5738
Listed By:
Victor Avila · License #3372973
(407) 962-5738
Source:
Elliman
Added: Jun 20
Changed: Jul 10
Last Checked: Aug 5 at 7:37AM
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.
Investment Insights
Based on property information with market context.
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.
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.
Key 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
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 32784, FL
11,212
Population
4,971
Households
2.3
Avg Household Size
45
Median Age
12%
College-Educated
88%
High-School Grad
92.8 sq mi
ZIP Area
121
Density / Sq Mi
$69,633
Median Household Income
$40,247
Median Earnings
$1,082
Median Rent
$237,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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
