150-221 SE SUNDIAL Place, Lake City, FL 32025 (MLS# 2146262)

150-221 SE SUNDIAL Place, Lake City, FL 32025

$10,200,000
Property Type: Commercial Sale Square Footage: 51,190 Lot Size (sq. ft.): 288,803 Status: Active
Current Price: $10,200,000 List Date: 5/20/2026 Last Modified: 5/20/2026

Overview

Description

Introducing Sundial Apartments - a 107-unit multifamily investment opportunity strategically positioned in the heart of Lake City, known as the ''Crossroads of Florida'' due to its exceptional connectivity via I-10 & I-75. This well-performing asset offers investors stable in-place income, strong historical occupancy, and immediate upside potential through rental growth. Current occupancy stands at an impressive 96%. Property offers 62 studio/efficiency units (400 sq ft), 37 standard 1BR units (550 sq ft), and 8 larger 1BR units (750 sq ft). Sundial presents a compelling value-add opportunity with current lease rates estimated to be approximately 10% below comparable properties. New ownership has the opportunity to implement strategic rent increases while maintaining strong occupancy, creating immediate potential for revenue growth and enhanced cash flow.

Listing Details MLS# 2146262

General Property Information

Number Of Units Total
107
Building Area Total
51190
Year Built
1986
Building Name
Sundial Apartments
Lot Size Acres
6.63
Waterfront YN
No
Stories Total
2
Directions
From Jacksonville, travel west on I-10 to I-75 North.
Public Remarks
Introducing Sundial Apartments - a 107-unit multifamily investment opportunity strategically positioned in the heart of Lake City, known as the ''Crossroads of Florida'' due to its exceptional connectivity via I-10 & I-75. This well-performing asset offers investors stable in-place income, strong historical occupancy, and immediate upside potential through rental growth. Current occupancy stands at an impressive 96%. Property offers 62 studio/efficiency units (400 sq ft), 37 standard 1BR units (550 sq ft), and 8 larger 1BR units (750 sq ft). Sundial presents a compelling value-add opportunity with current lease rates estimated to be approximately 10% below comparable properties. New ownership has the opportunity to implement strategic rent increases while maintaining strong occupancy, creating immediate potential for revenue growth and enhanced cash flow.
List Price/SqFt
199.26

Property Features

Lot Features: Cleared Parking Features: Parking Lot Sale Includes: Building & Land

Contract Information

Listing Contract Date
2026-05-18
Property Sub Type
Multi Family

Location Tax and Legal

Street Number
150-221
Street Direction Prefix
SE
Street Name
SUNDIAL
Street Suffix
Place
County
Columbia
State
FL
Postal Code
32025
MLS Area Major
803-Columbia-Southeast

Status Change Information

Major Change Timestamp
2026-05-20T20:47:26Z
Major Change Type
New Listing

Unit 1 Details

Unit ID
Studio/Eff
Annual Rent
955
Unit SqFt
400
# Units (This Type)
62
Furnished
Unfurnished
Unit Remarks
Studio/Efficiency

More Information

Unit 2 Details

Unit ID
1BR
Annual Rent
1035
Unit SqFt
550
# Units (This Type)
37
Furnished
Unfurnished
Unit Remarks
One-Bedroom

Unit 3 Details

Unit ID
1BR-Large
Annual Rent
1075
Unit SqFt
750
# Units (This Type)
8
Furnished
Unfurnished
Unit Remarks
Larger One-Bedroom

Unit 4 Details

Unit ID
Studio/Eff
Annual Rent
955
Unit SqFt
400
# Units (This Type)
62
Furnished
Unfurnished
Unit Remarks
Studio/Efficiency

Unit 5 Details

Unit ID
1BR
Annual Rent
1035
Unit SqFt
550
# Units (This Type)
37
Furnished
Unfurnished
Unit Remarks
One-Bedroom

Unit 6 Details

Unit ID
1BR Large
Annual Rent
1075
Unit SqFt
750
# Units (This Type)
8
Furnished
Unfurnished
Unit Remarks
Larger One Bedroom

Unit 7 Details

Unit ID
1BR Large
Annual Rent
1075
Unit SqFt
750
# Units (This Type)
8
Furnished
Unfurnished
Unit Remarks
Larger One Bedroom

Unit 8 Details

Unit ID
1BR Large
Annual Rent
1075
Unit SqFt
750
# Units (This Type)
8
Furnished
Unfurnished
Unit Remarks
Larger One Bedroom

Location, Tax, and Legal

Country
US
Parcel Number
17-4S-17-08437-000

Lot Features

Cleared
Yes

Parking Features

Parking Lot
Yes

Sale Includes

Building & Land
Yes
Listing Office: IRON VALLEY REAL ESTATE NORTH FLORIDA
Source MLS Verified
Last Updated: May - 20 - 2026
Information deemed reliable but not guaranteed.