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River Walk Apartments
Ohio St Dunnellon, FL
This is a 24-unit apartment building in Dunnellon, FL, priced at $850,000 plus closing costs, with a loan of $749,500 and an investment of $192,000. Investors saw a 38% return and a remodeling cost of $50,000. They received an annual return of 8%, paid monthly, and their initial capital was returned after 2.5 years through refinancing. They continued to receive monthly profits, and after two more years, the property was sold, totaling over 5 years of investment duration.
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Denny Troncoso
Advisor | Investor | Lender
(407) 203-9599
Property Facts
No. Units
Property Type
Property Subtype
Apartment Style
Building Class
Lot Size
Building Size
Average Occupancy
No. Stories
Year Built
Parking Ratio
24
Multifamily
Apartment
Low Rise
B
1.00 AC
21,616 SF
100%
2
1990 / 2016
1.53/1,000 SF
Unit Amenities
-
Air Conditioning
-
Cable Ready
-
Dishwasher
-
Disposal
-
Washer/Dryer
-
Heating
-
Ceiling Fans
-
Kitchen
-
High Speed Internet Access
-
Refrigerator
-
Oven
-
Range
-
Views
-
Walk-In Closets
-
Carpet
-
Patio
-
Vinyl Flooring
Site Amenities
-
Renters Insurance Program
Unit Mix Information
Description
No Units
Avg. Rent/Mo
SF
1 + 1
12
$687.50
675
2 + 1
4
$762.50
775
Property Taxes
Parcel Numbers
3380-0498-00