2929-3000 Villa Rd | Sebring, FL 33870
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2929-3000 Villa Rd
Sebring, FL 33870
Villa Palms · Multifamily Property For Sale · 105 Units
Investment Highlights
- Currently, over 60 tenants receive a voucher for rental payments from the Rural Housing Development. Stability within a market rate asset.
- Since 2018 - NEW metal roofs, driveway and parking surfaces, landscaping and irrigation, clubhouse and leasing office, coin laundry, perimeter fencing
- Over $1,000,000 in renovations inside and out over the past 2 years.
PROPERTY FACTS
| No. Units | 105 | Building Size | 71,964 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1979/2019 |
| Building Class | C | Parking Ratio | 2.22/1,000 SF |
| Lot Size | 11.03 AC |
| No. Units | 105 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 11.03 AC |
| Building Size | 71,964 SF |
| Average Occupancy | 98% |
| No. Stories | 1 |
| Year Built/Renovated | 1979/2019 |
| Parking Ratio | 2.22/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Walk-In Closets
- Family Room
- Linen Closet
- Pantry
- Patio
- Smoke Free
- Vinyl Flooring
Site Amenities
- Clubhouse
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Smoke Free
- Trash Pickup - Curbside
- Maintenance on site
- Multi Use Room
About 2929-3000 Villa Rd , Sebring, FL 33870
A new Fannie Mae 10 year loan was put onto this property in Feb/March 2019. This MUST BE ASSUMED due to extremely large prepayment penalties. The loan has 9 years left, fixed at 5.16% interest, non-recourse.Loan details: Original Loan: 5.8M Fannie Mae Interest Rate: 5.16% fixed, non-recourse Principal Balance as of 6/29/2020: 5.794M Principal Payment: 6,790.79 Interest Payment: 24,914.48 Total Payment: 31,705.27 Loan Origination Date: 4/30/2019 Loan Maturity: 6/1/2029
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 77 | $695.00 | - |
| 2+1 | 28 | $795.00 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,680,974 | |
| Land Assessment | $157,500 | Total Assessment | $6,838,474 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$157,500
Improvements Assessment
$6,680,974
Total Assessment
$6,838,474
zoning
| Zoning Code | MUQD |
| MUQD |
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