Sundial Apartments

Listed by ELIZABETH M MOSES of IRON VALLEY REAL ESTATE NORTH FLORIDA
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.

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Property Details of 150-221 SE Sundial Place

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Est. Mortgage:
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Federal 30-year interest rate: 6.51% last updated on May 21, 2026. * The above figures are estimates provided by Union Street Media using the FRED® API, and are not endorsed or certified by the Federal Reserve Bank of St. Louis. Check with your lender for actual interest rates.

 "Based on information submitted to Northeast Florida Association of REALTORS as of May 22, 2026 6:16 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

 
 

 

 

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