103 SW Horizon Cir
Live Oak, FL 32064

Horizon Circle Apartments is a 32 unit multifamily community that is made up of 16 concrete block duplexes that all sit on one parcel of land which is 5.5 acres. This property is the ideal investment because TENANTS PAY ALL UTILITIES, the units are all tile floors and painted concrete block walls so they are virtually indestructible and easy to "turn." This property is currently self-managed and averages 4 vacancies a month with minimal effort from the owner. The owner said they hit 100% occupancy at any given month with focus. There is an on-site tenant/manager who maintains the yard, does repairs, paints, and has leases signed. There is another on-site tenant who does an excellent job cleaning units when vacated. Renovations/Improvements since 2016: -All of the kitchens were updated three years ago with black cabinets and granite countertops. -All of the interiors have new beige/white trim paint. -Multiple security systems installed. -Some bathrooms were updated with new vanities and toilets (as needed). -More than half of the units have new gas hot water heaters. -A new 12'x20' utility shed was added to the property -A new 52" zero-turn lawnmower (on-site manager mows the yard). -Added two new dumpster concrete pads. -New amenities added: basketball court, kids playground, and grill and picnic area. -Miscellaneous updates include: new blinds, updated fire extinguishers, smoke detectors, some new doors, lots of updated used appliances, lots of new window AC's, asphalt repairs, and lots more!!