Off-Market~$580K Spread

15-Unit Waterfront Apartment Community — Value-Add

West-Central Florida · Waterfront
Starting at $770,000

A rare off-market waterfront apartment community with the heavy lifting done — all-new electrical, plumbing, HVAC and septic, and updated interiors. The largest spread on the board.

About This Property

An extensively renovated multi-unit waterfront property in West-Central Florida — roughly 6,000 sq ft across 15 units, built in 1970. Major capital improvements are already complete: all-new electrical, plumbing, HVAC and septic systems, plus fully updated interiors. What's left is largely turnkey stabilization.

Most units are one-bedroom/efficiency style suited to weekly or monthly tenants, with a couple of larger two-bedroom units for long-term tenancy. All units are currently vacant — the income figures below are pro-forma projections, not in-place rents, so underwrite the lease-up.

The seller is looking to cash out quickly and has priced it accordingly. Property photos, pro-forma financials, unit details and the location are available to qualified buyers — a short confidentiality agreement is required before the full package is released, which is also why this listing carries no public photos.

Property Details

  • Property typeMulti-family — 15 units
  • Unit mixMostly 1BR/efficiency · two larger 2BR units
  • Building area~6,000 sq ft
  • Year built1970
  • SettingWaterfront
  • OccupancyAll units currently vacant
  • SystemsAll-new electrical, plumbing, HVAC, septic
  • Location & photosReleased to qualified buyers under a confidentiality agreement

Condition & Scope

  • Scope of workPunch-list / stabilization
  • Est. remaining budget~$60,000
  • InteriorsUpdated
  • ConditionSold as-is

Comparables

  • Pro-forma rent projection ~$13,350/mo (~$160,200/yr) at stabilization — all units vacant today
  • Projected value at stabilization ~$1,350,000 per the current package
  • Underwrite your own lease-up timeline, management and expenses

Ask and we will pull county sold comps and underwrite this deal with you before you offer.

Offer Terms

  • Accepted financingCash · hard-money / private
  • Proof of fundsRequired with offer
  • Earnest moneyDue at contract signing
  • Closing costsTypically buyer-paid
  • TimelineQuick close preferred

Terms are typical for these opportunities — exact figures and title company confirmed with your offer.

How It Works

Is this property on the MLS?

No. These are off-market opportunities shared privately with our buyer network before they ever hit the open market — so you avoid bidding wars and retail competition.

Can I walk the property before I offer?

Yes — walkthroughs are by appointment. Reach out and we'll coordinate access or share a walkthrough video where one is available.

What do I need to lock it up?

A signed agreement, proof of funds, and an earnest-money deposit. Cash or hard-money / private financing moves fastest.

Do you have comps and a full numbers breakdown?

ARV and rehab figures on most listings come from the seller, and we label them that way rather than presenting them as our own analysis. Ask, and we will pull county sold comps and underwrite the deal with you before you make an offer. On some listings that work is already done.

How quickly can we close?

As fast as title allows. Quick, clean closings are preferred and often part of securing the best price.

To schedule a walkthrough or submit an offer, contact:
Stephen Tilton — FLA Private Deals
📲 407-955-2759  |  📧 StephenLifeFL@gmail.com
Unlock Address & Numbers

All figures (after-repair value, rehab estimates, rents, and spreads) are estimates provided for investor convenience and are not guaranteed. Buyers should perform their own due diligence and verify all numbers, condition, square footage, and zoning independently. Property offered for off-market sale; details subject to change or prior sale.