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87 N Central Ave
Umatilla, FL 32784

$1,425,000 USD

Apartments For Sale  •  11,266 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,266 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1916
  • Cap Rate 9.48 %
  • Zoning C-1
0 Transit Score
50 Walk Score

Highlights

Towne View Place Apartments offers a balanced mix of nine residential units and three ground-floor retail spaces, providing diverse income streams.
Recently updated units with central air conditioning, separately metered utilities, and well-maintained facilities ensure low maintenance costs.
C1 zoning opens up various possibilities for businesses, from retail to service-based enterprises, catering to the local and visiting community.
Between Orlando and Ocala, 87 N Central Avenue is in a growing town at the gateway to the Ocala National Forest, attracting many outdoor enthusiasts.
Cap Rate: 9.48 %

Major Tenants

Tenant SF Occupied Lease End Date
American Janitorial

Public Transportation

AirportDriveWalkDistance
Orlando Sanford International 51 min - 36.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes
Josh Medford 615-474-7452 Green Tech Investments
Josh Medford 615-474-7452 Green Tech Investments