101294 . Dynamic Sfr Scattered Across Florida Citrus Springs, FL 34434

Property Details for 101294 . Dynamic Sfr Scattered Across Florida

Year built

2022

Property size

225,461 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a 193-unit single-family rental portfolio located in Citrus Springs, Florida, encompassing a total of 225,461 square feet across a 659,000 square foot lot. Built in 2022, this stabilized, fee-simple portfolio boasts 100% occupancy. Each of the 193 buildings is a single-family rental unit, offering significant cash flow potential. The portfolio benefits from lower insurance premiums, first-year property taxes, and maintenance costs due to the new construction and included warranties. A comprehensive builder warranty covers the first year, followed by a 2-10 extended warranty for up to ten years, minimizing potential repair expenses. Durable finishes, such as granite countertops and luxury vinyl plank flooring, contribute to lower turnover costs. The properties' new construction also translates to historically lower vacancy rates and credit losses. This portfolio presents a compelling investment opportunity for those seeking a stable, high-performing asset in a growing Florida market. Seller financing options are available, with interest rates ranging from 4.25% to 5.50% for qualified investors. The seller also offers two years of free property management. The seller's current build cycle includes over 5000 lots, providing potential for future expansion.