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.
